summary
Introduced
01/24/2023
01/24/2023
In Committee
03/10/2023
03/10/2023
Crossed Over
02/14/2023
02/14/2023
Passed
03/12/2023
03/12/2023
Dead
Signed/Enacted/Adopted
03/23/2023
03/23/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT RELATING TO CONSERVATION; CREATING THE CONSERVATION LEGACY PERMANENT FUND; CREATING THE LAND OF ENCHANTMENT LEGACY FUND; INCLUDING THE CONSERVATION LEGACY PERMANENT FUND IN THE PERMANENT FUNDS INVESTED BY THE STATE INVESTMENT COUNCIL.
AI Summary
This bill creates two new funds: the Conservation Legacy Permanent Fund and the Land of Enchantment Legacy Fund. The Conservation Legacy Permanent Fund is a non-reverting fund in the state treasury that will be invested by the State Investment Council and any investment income over $5 million will be distributed to the Land of Enchantment Legacy Fund. The Land of Enchantment Legacy Fund is a non-reverting fund that will receive the Conservation Legacy Permanent Fund distributions and other appropriations, gifts, and donations. Distributions from the Land of Enchantment Legacy Fund will be made annually to various state departments and agencies for conservation, natural resource, and outdoor recreation projects and programs.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Signed by Governor - Chapter 26 - Mar. 23 (on 03/23/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=9&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/final/SB0009.pdf |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0009.pdf |
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