HB 128: MUTUAL DOMESTICS AS LOCAL AUTHORITIES

An Act Relating To The Environment; Amending The Wastewater Facility Construction Loan Act To Include Mutual Domestic Water Consumers Association In The Definition Of "local Authority"; Extending The Loan Repayment Period.

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MILD HB 128
MUTUAL DOMESTICS AS LOCAL AUTHORITIES

Legislative URL:

HB 128 on nmlegis.gov

Emergency Clause:

No

Germane:

N/A

Location:

SJC

Action:

HPREF [3] HGEIC/HRPAC-HGEIC [8] DP-HRPAC [11] DP [14] PASSED/H (65-0) [20] SCONC/SJC-SCONC [33] DP-SJC API.

Issue(s):

Water Quality & Supply

Related Legislators

Bill Sponsor:

Kelly Fajardo

Related Documents

Downloads:

Introduced
HGEIC Committee Report
HRPAC Committee Report
Final House Vote
SCONC Committee Report
Fiscal Impact Report

Summary

The Wastewater Facility Construction Loan Act provides local authorities in New Mexico with low-cost financial assistance in the construction of necessary wastewater facilities.

This bill would expand the definition of “local authority” to include a mutual domestic water consumers association as defined by the Sanitary Projects Act.

It also extends, from 20 to 30 years, the period after completion of the construction of a wastewater facility project within which a loan must be repaid in full.

This bill may benefit the public by making it easier for communities to obtain funding for wastewater systems.