Bill > HB265

This bill appropriates $4 million from the state's general fund to the Creative Industries Fund, which is administered by the Creative Industries Division of the New Mexico Economic Development Department. The funds are designated for grants and will be available for expenditure in fiscal year 2026 and subsequent fiscal years, as authorized under the Economic Development Department Act. Importantly, any unspent money from this appropriation will not be returned to the general fund at the end of the fiscal year, which allows the department to carry forward unused grant funds. This appropriation supports the state's creative industries sector by providing financial resources for grants that can potentially support artists, cultural organizations, and creative businesses in New Mexico.

Agriculture and Natural Resources

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=265&year=25