summary
Introduced
01/31/2022
01/31/2022
In Committee
02/01/2022
02/01/2022
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC FINANCE; REQUIRING PRIOR APPROVAL OF THE STATE TREASURER FOR CERTAIN PAYMENTS AND DISBURSEMENTS OF PUBLIC FUNDS; MAKING AN APPROPRIATION.
AI Summary
This bill requires the State Treasurer to confirm that public funds are properly appropriated by the legislature before approving any payment or disbursement greater than $150,000. It also appropriates $1 million to the State Treasurer's office to develop and improve accounting system software to ensure proper appropriation of funds prior to payment. The new review process by the State Treasurer takes effect on July 1, 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Senate Tax, Business and Transportation Committee (00:00 2/8/2022 Room 321) (on 02/08/2022)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=193&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/senate/SB0193.pdf |
Loading...