Signed by Governor Bill Richardson

Vote Smart's Synopsis:

Vote to pass a bill that transfers $114.84 million from various state funds and other revenue sources to the General Fund and rescinds $1.22 million in unspent appropriations for fiscal year 2007-2008.

Highlights:

-Transfers $114.84 million from various funds and other revenue sources to the General Fund, including, but not limited to, the following transfers (Sec. 1):

-$68 million from the College Affordability Endowment Fund; -$5 million from the cash balances of the Department of Higher Education's Special Program Fund; -$3.5 million from the Workers' Compensation Administration Fund; -$3 million from the Enhanced 911 Fund; -$2.85 million from the Higher Education Performance Fund; -$2.5 million from the Hazardous Waste Emergency Fund; -$1.9 million from the Instructional Material Fund; -$1.7 million from revenue generated by the Driver Safety Fee; -$1.5 million from the Real Estate Commission Fund; -$1.5 million from the Electronic Voting System Revolving Fund; -$1.5 million from the Community Corrections Grant Program; -$1.5 million from the Community Corrections Department Intensive Supervision Fund; -$1.45 million from the Public Pre-Kindergarten Fund; -$1.2 million from the revenue generated from the antitrust case and consumer protection settlements; -$1.18 million from the Juvenile Community Corrections Grant Fund; -$1.1 million from the Property Valuation Fund; -$1 million from the New Mexico Medical Board Fund; -$1 million from the Crime Laboratory Fund; -$1 million from the Uninsured Employers' Fund; and -$1 million from legislative cash balances.

-$667,000 for the Department of Taxation and Revenue to begin replacement of the oil and natural gas accounting and reporting database with commercial off-the-shelf solutions; and -$550,000 for the Department of Health to implement the Electronic Medical Records and Health Information Exchange.

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that transfers $106.84 million from various state funds and other revenue sources to the General Fund and rescinds $1.22 million in unspent appropriations for fiscal year 2007-2008.

Highlights:

-Transfers $106.84 million from various funds and other revenue sources to the General Fund, including, but not limited to, the following transfers (Sec. 1):

-$60 million from the College Affordability Endowment Fund; -$5 million from the cash balances of the Department of Higher Education's Special Program Fund; -$3.5 million from the Workers' Compensation Administration Fund; -$3 million from the Enhanced 911 Fund; -$2.85 million from the Higher Education Performance Fund; -$2.5 million from the Hazardous Waste Emergency Fund; -$1.9 million from the Instructional Material Fund; -$1.7 million from revenue generated by the Driver Safety Fee; -$1.5 million from the Real Estate Commission Fund; -$1.5 million from the Electronic Voting System Revolving Fund; -$1.5 million from the Community Corrections Grant Program; -$1.5 million from the Community Corrections Department Intensive Supervision Fund; -$1.45 million from the Public Pre-Kindergarten Fund; -$1.2 million from the revenue generated from the antitrust case and consumer protection settlements; -$1.18 million from the Juvenile Community Corrections Grant Fund; -$1.1 million from the Property Valuation Fund; -$1 million from the New Mexico Medical Board Fund; -$1 million from the Crime Laboratory Fund; -$1 million from the Uninsured Employers' Fund; and -$1 million from legislative cash balances.

-$667,000 for the Department of Taxation and Revenue to begin replacement of the oil and natural gas accounting and reporting database with commercial off-the-shelf solutions; and -$550,000 for the Department of Health to implement the Electronic Medical Records and Health Information Exchange.

Full Bill Text