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NM SB87

NM SB87
New mexico housing trust fund


summary

Introduced
01/20/2015
In Committee
02/25/2015
Crossed Over
Passed
Dead
03/21/2015

Introduced Session

2015 Regular Session

Bill Summary

New mexico housing trust fund

AI Summary

This bill appropriates five million dollars ($5,000,000) from the state's general fund to the New Mexico housing trust fund, which is managed by the New Mexico mortgage finance authority, for use in fiscal year 2016 and beyond to support the goals of the New Mexico Housing Trust Fund Act, and specifies that any money not spent or committed by the end of a fiscal year will remain available for future use rather than returning to the general fund.

Committee Categories

Budget and Finance, Transportation and Infrastructure

Sponsors (1)

Last Action

[LD 27] Action postponed indefinitely (on 02/25/2015)

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