HB 271

                                1  HOUSE BILL 271
                                2      57TH LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 2026
                                3  INTRODUCED BY
                                4  Nathan P. Small and Sarah Silva
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                                10  AN ACT
                                11   MAKING AN APPROPRIATION FOR LAND PURCHASES AND MATCHING FUNDS
                                12   BY THE OFFICE OF NATURAL RESOURCES TRUSTEE FOR PUBLIC PURPOSES.
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                                14   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
                                15        SECTION 1.    APPROPRIATION.--One hundred million dollars
                                16   ($100,000,000) is appropriated from the general fund to the
[bracketed material] = delete
                                17   office of natural resources trustee for expenditure in fiscal
underscored material = new
                                18   years 2027 through 2029 for land or interests in land for the
                                19   creation, expansion or restoration of public land, including up
                                20   to thirty million dollars ($30,000,000) for state matching
                                21   funds to political subdivisions of the state that have been
                                22   approved for federal assistance funding due to a natural
                                23   disaster.   Any unexpended balance remaining at the end of
                                24   fiscal year 2029 shall revert to the general fund.
                                25   .233424.2