Bill > HB2

This bill, the General Appropriation Act of 2026, outlines the state's budget for fiscal year 2027, detailing appropriations for various state agencies and programs. It defines key terms like "agency," "efficiency," and "performance measure" to ensure clarity in financial reporting and program evaluation. The act specifies that amounts are appropriated from indicated sources, with specific provisions for how unexpended balances revert to the general fund. It also includes mechanisms for monitoring revenue, reducing budgets if projections aren't met, and allowing for budget increases under certain conditions, such as exceeding appropriated amounts from specific revenue sources. The bill further details appropriations for legislative, judicial, and general control functions, as well as for departments related to commerce, industry, agriculture, energy, natural resources, health, hospitals, human services, public safety, transportation, and education. Additionally, it includes special appropriations for specific projects and initiatives, information technology enhancements, and provisions for natural disasters. Finally, the act addresses the transfer of funds between various state accounts and provides budget adjustment authority for certain agencies to address unforeseen circumstances or revenue fluctuations.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=2&year=26