MILITARY BASE IMPACT FUNDING

HB 29 appropriates $8 million from New Mexico's general fund to the Military Base Impact Fund for fiscal year 2027 and future years. This funding directly supports military bases in New Mexico by providing dedicated financial resources to address impacts from military operations. The bill ensures any unspent funds at year-end remain in the fund rather than reverting to the general budget. It establishes a permanent funding stream to help communities near military installations manage related costs.