Bill > SB228

This bill, the General Appropriation Act of 2026, outlines the state's budget for fiscal year 2027 by appropriating funds to various state agencies and programs. It defines key terms such as "agency" (any state government office or department), "efficiency" (how productively services are delivered, often measured in cost per output), "federal funds" (payments from the U.S. government excluding those from the Mineral Leasing Act), "full-time equivalent" (a measure of employment based on hours worked), "general fund" (the state's primary operating fund), and "performance measure" (an indicator used to assess a program's success). The act specifies that amounts are in thousands of dollars and appropriated from indicated sources, with unexpended balances generally reverting to the general fund unless otherwise stated. It also includes provisions for monitoring revenue, handling agency name or fund changes, addressing potential revenue shortfalls, allowing for budget increases from specific sources, restricting the use of agency credit cards (with exceptions), and following modified accrual accounting. The bill details specific appropriations for legislative, judicial, general control, commerce and industry, agriculture, energy and natural resources, health, hospitals and human services, public safety, transportation, education, higher education, and public school support departments, along with special appropriations for specific projects and information technology initiatives, and outlines compensation adjustments for state employees. It also establishes a government results and opportunity program fund for specific initiatives and includes provisions for special transportation appropriations and fund transfers. Finally, it allows for transfers from the operating reserve if general fund revenues are insufficient and includes a severability clause.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=228&year=26