summary
Introduced
01/19/2021
01/19/2021
In Committee
03/10/2021
03/10/2021
Crossed Over
02/25/2021
02/25/2021
Passed
03/14/2021
03/14/2021
Dead
Signed/Enacted/Adopted
03/14/2021
03/14/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO FINANCE; AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO MAKE LOANS FOR PUBLIC PROJECTS FROM THE PUBLIC PROJECT REVOLVING FUND; DECLARING AN EMERGENCY.
AI Summary
This bill authorizes the New Mexico Finance Authority to make loans from the Public Project Revolving Fund to various qualified entities in New Mexico for a wide range of public infrastructure and capital improvement projects, including building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights, and solid waste projects. The bill also includes a provision that voids the authorization for any project if the qualified entity does not certify its desire to pursue a loan by the end of fiscal year 2024. Finally, the bill declares an emergency in order for the act to take effect immediately.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (1)
Last Action
Signed by Governor - Chapter 35 - Apr. 5 (on 03/14/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=88&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/final/SB0088.pdf |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0088.pdf |
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