S 104 AIRPORT IMPROVEMENT FUNDS

Sen George K Munoz

Actions: SPREF [1] STBTC/SFC-STBTC [6] DNP-CS/DP-SFC

Scheduled: Not Scheduled

 Senate Bill 104 (SB 104) makes appropriations for airport improvements. 

 Senate Bill 104 (SB 104) Section 1 appropriates $308,995,094 from the general fund to the department of transportation for expenditure from fiscal year 2024 (FY 24) through fiscal year 2027 (FY 27).  Unexpended balance at the end of FY 27 will revert to the general fund.

SB 104 Section 2 provides specific guidance on how much of the appropriated funds will be allocated to specific airports throughout New Mexico.
 

 Committee Substitute February 2, 2023, in STBTC

STBTCcs/SB 104: This legislative document relates to transportation in the state of New Mexico. The act makes appropriations for improvements at various airports in the state. The total amount of appropriations is $314,225,094, and the funds are to be expended in fiscal years 2023 through 2027. The appropriations are to be distributed among several airports in the state, with each airport receiving a specific amount of funding for improvements. The act also specifies that any unexpended or unencumbered balance remaining at the end of fiscal year 2027 shall revert to the general fund.