Bill > HB177

This bill creates the New Mexico Match Fund, a non-reverting fund in the state treasury, to be administered by the Department of Finance and Administration. The fund can be used to provide grants to eligible entities, such as local governments and tribal nations, for state matching funds for federal grants and to offset higher project costs incurred to comply with federal requirements. The bill also allows the department to use up to 3% of the fund for administration and requires the department to report annually on grants made from the fund. The bill declares an emergency, meaning it will take effect immediately upon becoming law.

Agriculture and Natural Resources, Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=177&year=24