SB 063: NMFA WATER PROJECT FUND PROJECTS

An Act Relating To Finance; Authorizing The New Mexico Finance Authority To Make Loans Or Grants From The Water Project Fund For Certain Water Projects; Declaring An Emergency.

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MOD SB 063
NMFA WATER PROJECT FUND PROJECTS

Legislative URL:

SB 063 on nmlegis.gov

Emergency Clause:

Yes

Germane:

N/A

Location:

- HOUSE -

Action:

SPREF [1] SCONC/SFC-SCONC [41] DP-SFC- w/drn [48] fl/a- PASSED/S (39-0) API.

Issue(s):

Water Quality & Supply

Related Legislators

Bill Sponsor:

Joseph Cervantes

Related Documents

Downloads:

Introduced
SCONC Committee Report
Senate Floor Amendment 1
Final Senate Vote
Fiscal Impact Report

Summary

This bill, endorsed by the New Mexico Finance Authority Oversight Committee, with the emergency clause, would authorize the New Mexico Finance Authority to make loans or grants from the Water Project Fund for 127 specific qualifying water projects. Often the list of projects gets augmented during a Session via amendment. Loans or grants authorized by the bill would fund projects of counties, cities, towns, villages, tribes and pueblos, land grant-mercedes, flood control authorities, conservancy districts, water users associations, domestic water and sewage works associations, soil and water conservation and sanitation districts, irrigation districts, a water alliance and an acequia. The projects include flood prevention projects; water conservation, treatment, recycling or reuse projects; water storage, conveyance and delivery projects; and watershed restoration and management projects.