Bill > SB425

This bill provides a comprehensive overview of capital outlay reauthorizations and modifications for various projects across New Mexico. The bill addresses several key aspects of existing appropriations, including: extending the expenditure periods for numerous projects through fiscal year 2027, changing the purpose of specific appropriations, reallocating funds between different agencies or projects, and establishing rules for the reversion of unexpended balances. The bill covers a wide range of projects across multiple counties and state agencies, including infrastructure improvements, water systems, public facilities, educational institutions, tribal community developments, transportation projects, and equipment purchases. The projects span various sectors such as public safety, education, healthcare, transportation, community development, and cultural facilities. The bill also includes provisions for how unexpended balances of appropriations should be handled, specifying that unspent funds will revert to their original funding sources after a certain period. Additionally, the bill includes an emergency clause, indicating the immediate importance of these capital outlay reauthorizations for public peace, health, and safety.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=425&year=25