Bill > HB332

This bill reauthorizes and reappropriates funds for various capital outlay projects across New Mexico, allowing for changes in project purposes, extensions of expenditure deadlines, and adjustments to the agencies responsible for the projects. It also establishes conditions for when unspent funds from previous legislative appropriations will revert or be transferred. Specifically, it addresses situations where projects cannot use allocated funds as originally intended, projects are completed without using all funds, or delays necessitate changes to the project's timeline or scope. The bill also includes provisions for compliance with federal tax laws. Many sections of the bill extend the expenditure period for existing appropriations, often through fiscal year 2028, and some sections modify the purpose or the responsible agency for specific projects, primarily involving infrastructure, community facilities, and public services.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=332&year=26