PASS - SGND BY GOV - Chapter 59
Summary
The bill restricts how often and for how long New Mexico capital outlay projects can be reauthorized, requires a minimum 10% of funds to be encumbered early, and forces unspent general‑fund appropriations to revert to the Capital Development and Reserve Fund (or Tribal Infrastructure Project Fund). It also bars local governments from seeking water‑related capital projects through the legislature, sending those requests to state agencies instead. These changes aim to improve fiscal oversight and keep capital money in dedicated state reserves.
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