Senate bill aims to keep money in New Mexico, create jobs

SANTA FE, N.M. (KRQE) – A bipartisan bill going before legislators in Santa Fe would require that each state agency contract out a third of it’s business to local companies. Senate Bill 18, or the Resident Business Set Aside Act, is currently in a Senate Judiciary Committee. Legislators believe that it will keep more money in the state and also create 5,000 to 7,000 jobs.
The bill was introduced by Senate Majority Whip, Democrat Michael Padilla and Republican Representative Sarah Mae