Bill > SB83

This bill creates the Innovation in State Government Fund, a new non-reverting fund in the state treasury that will be administered by the Department of Finance and Administration. The fund can receive distributions, appropriations, gifts, grants, and donations, and its money can be appropriated to state agencies for specific climate-related purposes, including creating master plans to achieve net-zero emissions (fully offsetting greenhouse gas emissions), implementing sustainable economic policies, providing technical support for climate change-related grants, and reducing barriers to climate change policy implementation. The bill defines key terms like "greenhouse gas" (gases that contribute to the greenhouse effect) and "sustainable economic policies" (policies promoting job creation, economic diversification, and long-term economic growth). Agencies receiving funds must submit an annual report by June 30 detailing how the money will be spent and justify any proposed program changes. Additionally, the fund can be used to support the general fund in the event of potential budget shortfalls, but only after other reserve funds have been exhausted and only in the amount necessary to meet general fund appropriations.

Agriculture and Natural Resources, Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=83&year=25