SUSTAIN THE FAMILIES TRUST FUND

HB 520 creates the "Sustain the Families Trust Fund" in New Mexico, a permanent state fund designed to provide income subsidies directly to lower-income residents who are considered most disadvantaged. The fund will be financed through state appropriations, donations, and investment income, with money managed by the state investment officer following prudent investment rules and in consultation with the health care authority. Quarterly and annual reports on fund investments must be submitted to legislative committees, ensuring transparency in how the money is handled. This bill establishes a concrete mechanism to deliver financial assistance to vulnerable residents through a dedicated state fund.