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Bill > HB313


NM HB313

NM HB313
Economic development grant fund


summary

Introduced
01/26/2015
In Committee
02/19/2015
Crossed Over
Passed
Dead
03/21/2015

Introduced Session

2015 Regular Session

Bill Summary

Economic development grant fund

AI Summary

This bill appropriates $4.5 million from the state's general fund to the economic development grant fund for use between fiscal years 2016 and 2018 to carry out the purposes of the Economic Development Grant Act, which is a law designed to support economic growth initiatives. The economic development department is required to provide updates on this grant program to relevant legislative committees, and any money not spent or committed by the end of fiscal year 2018 will be returned to the general fund.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (2)

Last Action

[LD 23] Action postponed indefinitely (on 02/19/2015)

bill text


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