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NM SB19

NM SB19
Water Project Fund Authorization


summary

Introduced
01/21/2020
In Committee
02/14/2020
Crossed Over
02/08/2020
Passed
02/18/2020
Dead
Signed/Enacted/Adopted
02/18/2020

Introduced Session

2020 Regular Session

Bill Summary

AN ACT RELATING TO PUBLIC FINANCE; AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO MAKE LOANS OR GRANTS FROM THE WATER PROJECT FUND FOR CERTAIN WATER PROJECTS; DECLARING AN EMERGENCY.

AI Summary

This bill authorizes the New Mexico Finance Authority to make loans or grants from the Water Project Fund to various qualifying entities for specific water projects in different counties across New Mexico. These projects include water storage, conveyance and delivery, water conservation or treatment, recycling or reuse, watershed restoration and management, and flood prevention. The bill also declares an emergency, stating that it is necessary for the public peace, health and safety that the act take effect immediately.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (3)

Last Action

Signed by Governor - Chapter 68 - Mar. 6 (on 02/18/2020)

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