MILD
SB 227
MUTUAL DOMESTICS AS LOCAL AUTHORITY & LOANS
- Legislative URL:
- SB 227 on nmlegis.gov
- Emergency Clause:
- No
- Germane:
- N/A
- Location:
- Signed
- Action:
- [3] SCONC/SJC-SCONC [9] DP-SJC [15] DP [23] PASSED/S (37-1) [25] HAWC/HGEIC-HAWC [31] DP-HGEIC [40] DP [43] PASSED/H (60-1) SGND BY GOV (Apr. 9) Ch.112.
- Issue(s):
- Water Quality & Supply
Related Legislators
- Bill Sponsor:
- Richard Martinez
Related Documents
- Downloads:
-
Introduced
SCONC Committee Report
SJC Committee Report
Final Senate Vote
HAWC Committee Report
HGEIC Committee Report
Final House Vote
Fiscal Impact Report
Final Version
Summary
This bill amends the Wastewater Facility Construction Loan Act to include ” mutual domestic water consumers association as defined by the Sanitary Projects Act” in the definition of “local authority,” making them eligible for financial assistance pursuant to the act. It also extends, from 20 to 30 years, the time allowed for full repayment of a wastewater facility project loan.
Possible benefits of this bill might be the facilitation of additional new wastewater facility projects and relief for local authorities that find 20-year repayment difficult.