SB 83 — INNOVATION IN STATE GOVERNMENT FUND

SENATEAN BILLACT 83RELATING 57THTO LEGISLATUREPUBLIC -FUNDS; STATE OF NEW MEXICO - FIRST SESSION, 2025 INTRODUCED BY Mimi Stewart and Heather Berghmans This document may incorporate amendments proposed by a committee, but not yet adopted, as well as amendments that have been adopted during the current legislative session.

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CREATINGSECTION THE1. INNOVATION IN STATE t hr g e i k GOVERNMENT FUND FOR STATE AGENCIES TO CREATE MASTER PLANS AND h r i s INCREASE AGENCY CAPACITY TO IMPLEMENT CLIMATE CHANGE POLICY h , t, SFCº ;

MAKING A TRANSFER FROM THE GENERAL FUND TO THE INNOVATION e u g e b l e e h IN STATE GOVERNMENT FUND;FUND.-- A.

MAKING APPROPRIATIONS FROM THE n d d i = = o h INNOVATION IN STATE GOVERNMENT FUND»SFC .

l ] b ,d i a º e r i = r t e w d m a n o BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

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b e d s º o t n = .229720.3AIC March 1, 2025 (9:21am) s k m e e a n e d r e l u [ A d SECTION 1.

[NEW MATERIAL] INNOVATION IN STATE GOVERNMENT FUND.-- A.

h g (2) implement sustainable economic policies;

o t hr (3) provide technical support to entities g e i k applying for grants and other funding that seek to address hSB r83 iPage s1 climate change;

or h , t, e u g (4) implement, enable or reduce the barriers e b l e e h to implementing climate change policy.

n d d i = = o h C.

Money in the fund may be expended in the event lthat ]general bfund ,dbalances, iincluding aall ºauthorized erevenues rand itransfers =to rthe that general fund balances,and includingbalances allin authorizedthe revenuesgeneral tfund eoperating wreserve, dthe mappropriation acontingency nfund o and transfersthe totax stabilization reserve, will not meet the generallevel fundof andappropriations balancesauthorized infrom the general dfund mfor :a fiscal year.

b e d s º o t n = .229720.3AIC March 1, 2025 (9:21am) s k m e - 2 - e a n e d r e l u [ A d fund operating reserve, the appropriation contingency fund and the tax stabilization reserve, will not meet the level of appropriations authorized from the general fund for a fiscal year.

(1) justification of any proposed changes to h the agency's program structure pursuant to Section 6-3A-4 NMSA u » r 1978, and any approval or denial of the changes pursuant to t h g e l i that section, as well as the justification for the SB 83 Page 2 decision;

h r i s and h , e h (2) if an agency has received an appropriation t u g e b l e e , gh from the government results and opportunity program fund for a n d d i = = o h master plan created pursuant to Subsection B of this section l ] b ,d i a º r and has or is expected to make a request to expand the purpose e r = t e w d m a n o of the appropriation, justification for such request.

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b r e t º o t n = .229720.3AIC March 1, 2025 (9:21am) s k m e - 3 - e a n e d r e l u [ A d E.

and (b) diversifying the state's revenue sources to replace the revenue generated from the natural resource extraction sector, including policies that promote h economic development;

gSB o83 tPage hr3 infrastructure development;

determining alternative funding g e i k sources for education, hospitals and other social services;

and h r i s long-term economic growth for the state."state. h , t, SFCºSECTION 2.

TRANSFER.--TenSB million83 dollarsPage e4 u5 g7 e9 b25 l e e h ($10,000,000) is transferred from the general fund to the n d d i = = o h innovation in state government fund.

l ] b ,d i a º e SECTION 3.

APPROPRIATIONS.-- r i = r t e w d m a n o A.

Two million five hundred thousand dollars d m :

b e d s º o t n = .229720.3AIC March 1, 2025 (9:21am) s k m e - 4 - e a n e d r e l u [ A d ($2,500,000) is appropriated from the innovation in state government fund to each of the following agencies for expenditure in fiscal years 2026 and 2027 to carry out the purposes of Section 1 of this act, and any unexpended or unencumbered balances remaining at the end of fiscal year 2027 shall revert to the innovation in state government fund:

(1) the department of environment;

and (2) the energy, minerals and natural resources department.

B.

One million dollars ($1,000,000) is appropriated from the innovation in state government fund to each of the following agencies for expenditure in fiscal years 2026 and to carry out the purposes of Section 1 of this act, and any unexpended or unencumbered balances remaining at the end of fiscal year 2027 shall revert to the innovation in state government fund:

h (1) the department of transportation;

u » r t h (2) the economic development department;

g e l i (3) the workforce solutions department;

h r i s (4) the public regulation commission;

and h , e h t u g (5) the state land office.»SFC e b l e e , gh - 5 - n d d i = = o h l ] b ,d i a º r e r = t e w d m a n o d m :

b r e t º o t n = .229720.3AIC March 1, 2025 (9:21am) s k m e e a n e d r e l u [ A d