Bill > HB2

This bill provides general appropriations and authorizes expenditures by state agencies as required by law for fiscal year 2023. The key provisions include: - Establishing definitions for terms used throughout the bill, such as "agency," "efficiency," "federal funds," and "general fund." - Providing general provisions for the appropriations, including that unexpended balances shall revert to the general fund, that the state budget division shall monitor revenue, and that the modified accrual basis of accounting shall be followed. - Appropriating funds for the legislative, judicial, general control, commerce and industry, agriculture, energy and natural resources, health, hospitals and human services, public safety, transportation, and other education sectors. - Making special appropriations for various purposes, including criminal justice reform, broadband expansion, and higher education initiatives. - Authorizing certain budget adjustment and transfer authorities for agencies. - Providing compensation appropriations for salary increases for state employees. - Transferring funds to various state funds, including the patients' compensation fund, lottery tuition fund, and teacher preparation affordability scholarship fund. Overall, this bill sets the budget and spending authority for the state of New Mexico for fiscal year 2023.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=2&year=22