USE OF EMERGENCY FUNDS & DISASTERS

Summary

The measure amends New Mexico statutes to define how the General Fund Operating Reserve and the Tax Stabilization Reserve can be used and transferred. It also creates an Appropriation Contingency Fund that the governor may draw on for non‑natural disasters by executive order, with reporting requirements. The bill aims to ensure funds are available for emergencies while adding oversight.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share