Bill > SB246

This bill reauthorizes or reappropriates balances, expands or changes purposes, extends expenditure periods, changes agencies, and establishes conditions for the reversion or transfer of unexpended balances of appropriations made by the legislature in prior years for capital expenditures. Some key provisions include: - Extending the expenditure periods for various projects across the state, including road and infrastructure improvements, facility renovations, water system upgrades, and land acquisitions. - Changing the purposes of some appropriations, such as converting funds for a proton beam cancer treatment facility to a surgical center, and changing funds for a regional animal shelter to road improvements. - Transferring unexpended balances from one agency or purpose to another, such as moving funding for therapeutic group homes to more general property acquisitions and improvements for the Children, Youth and Families Department. - Establishing conditions for the reversion of unexpended balances back to the severance tax bonding fund or originating state fund. - Declaring an emergency to allow the bill to take effect immediately. Overall, this bill aims to provide flexibility and extend the timelines for a variety of capital projects across New Mexico.