Analysis

Synopsis:

 Senate Bill 292 (SB 292) makes an appropriation to the Economic Development Department to manage and support small business incubator centers.

Analysis:

 Senate Bill 292 (SB 292) makes an appropriation to the Economic Development Department to manage and support small business incubator centers.

SECTION 1. APPROPRIATION. Appropriates $800,000 from the General Fund to the Economic Development Department for expenditure in Fiscal Year 2022 to manage and support small business incubators throughout New Mexico. Any unexpended or unencumbered balance remaining at the end of Fiscal Year 2022 shall revert to the General Fund.

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