2009 SB 420 Severance Tax Investment in Green Industries

CVNM Position:

Support

Year:

2009

Sponsors:

Eric Griego

Topics:

Energy & Climate Change

Legislative Info:

SB 420 on nmlegis.gov »

Description

SB420 promotes state investment in New Mexico’s green industries by authorizing the State Investment Council to invest up to 6% of the market value of the Severance Tax Permanent Fund in qualifying companies.

Outcome

Defeated in the House.