summary
Introduced
01/28/2017
01/28/2017
In Committee
01/28/2017
01/28/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO ECONOMIC DEVELOPMENT; CREATING THE BUSINESS RECRUITMENT FUND; MAKING AND REDUCING APPROPRIATIONS.
AI Summary
This bill creates the Business Recruitment Fund, a new fund in the state treasury, which will be administered by the Economic Development Department. The fund will be used to contract with an independent agent to recruit businesses to locate in New Mexico. The bill appropriates $1 million from the general fund to the Business Recruitment Fund, and reduces a $1 million appropriation to the Economic Development Department for projects under the Local Economic Development Act, redirecting those funds to the new Business Recruitment Fund.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 12] Referred to Senate Corporations & Transportation (on 01/28/2017)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=417&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0417.pdf |
Loading...