HB 48

                                1  HOUSE BILL 48
                                2     57TH LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 2026
                                3  INTRODUCED BY
                                4  Joseph L. Sanchez and Jack Chatfield and Rebecca Dow
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                                10  AN ACT
                                11   MAKING AN APPROPRIATION TO THE BOARD OF REGENTS OF THE NEW
                                12   MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR SEISMOLOGY
                                13   EQUIPMENT AND THE EXPANSION OF MONITORING NETWORK CAPABILITIES
                                14   IN THE BUREAU OF GEOLOGY AND MINERAL RESOURCES OF THE NEW
                                15   MEXICO INSTITUTE OF MINING AND TECHNOLOGY, IN PARTNERSHIP WITH
                                16   THE OIL CONSERVATION DIVISION OF THE ENERGY, MINERALS AND
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                                17   NATURAL RESOURCES DEPARTMENT.
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                                19   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
                                20        SECTION 1.   APPROPRIATION.--Two million dollars
                                21   ($2,000,000) is appropriated from the general fund to the board
                                22   of regents of the New Mexico institute of mining and technology
                                23   for expenditure in fiscal year 2027 for seismology equipment
                                24   and to expand monitoring network capabilities in the bureau of
                                25   geology and mineral resources of the New Mexico institute of
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                                1    mining and technology, in partnership with the oil conservation
                                2    division of the energy, minerals and natural resources
                                3    department.   Any unexpended balance remaining at the end of
                                4    fiscal year 2027 shall revert to the general fund.
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