Protect New Mexico

Your source for environmental information at the NM legislature

SB 227: MUTUAL DOMESTICS AS LOCAL AUTHORITY & LOANS

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.

LoadingAdd to My Bills

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):

Related Legislators

Bill Sponsor:

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.