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NM SB313

NM SB313
General appropriations act of 2014


summary

Introduced
01/27/2014
In Committee
02/10/2014
Crossed Over
02/12/2014
Passed
02/07/2014
Dead

Introduced Session

2014 Regular Session

Bill Summary

General appropriations act of 2014

AI Summary

This bill, the General Appropriation Act of 2014, outlines the state's budget for fiscal year 2015 by appropriating funds to various state agencies and programs. It defines key terms such as "agency," "efficiency," "federal funds," and "full-time equivalent" (FTE) to clarify budget language. The bill details general provisions for how appropriations are to be used, including that amounts are expressed in thousands of dollars, that unexpended balances generally revert to the general fund at the end of the fiscal year unless otherwise specified, and that the state budget division will monitor revenue and may reduce agency operating budgets if revenue falls short of projections. It also includes specific appropriations for legislative, judicial, and general control functions, as well as for departments related to commerce, industry, agriculture, energy, natural resources, health, human services, public safety, transportation, higher education, and public schools. Additionally, the bill authorizes certain budget adjustments for fiscal year 2014 and 2015, allowing agencies to request transfers and increases under specific conditions, and includes special appropriations for various projects and initiatives. Finally, it contains a severability clause, meaning if any part of the act is found invalid, the rest of the act remains in effect.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

[LD 14] Passed House (58-8) SGND BY GOV (Mar. 11) Ch. 63 (partial veto). (on 02/07/2014)

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