Bill > SB369

This bill appropriates $3 million from the New Mexico state general fund to New Mexico State University's board of regents, specifically for the New Mexico Department of Agriculture to develop projects, programs, and events celebrating the 400th anniversary of winemaking in America. The funding, which will be available for use during fiscal years 2026 through 2028, aims to recognize the historical significance, current economic value, and future potential of the state's winegrowing industry. The bill also emphasizes acknowledging the contributions of indigenous and immigrant communities to the wine industry and highlights the importance of land and water resource conservation. Any funds not spent by the end of fiscal year 2028 will be returned to the general fund, ensuring responsible use of the appropriated money.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=369&year=25