COURT EMERGENCY PROPERTY RESERVE FUND

SB 301 creates a new "Court Emergency Property Reserve Fund" within New Mexico's state treasury, administered by the Administrative Office of the Courts. The fund, initially funded with $450,000 from the general budget, provides money for emergency repairs, replacement, or reconstruction of court-owned property when regular insurance, warranties, or capital funds don't cover the costs. Unspent balances in the fund do not return to the general budget each year. This directly affects state courts by ensuring they have dedicated resources for urgent property issues without waiting for new appropriations.