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NM SB112

NM SB112
Sustainable Economy Task Force


summary

Introduced
01/19/2021
In Committee
03/14/2021
Crossed Over
03/03/2021
Passed
03/15/2021
Dead
Signed/Enacted/Adopted
03/17/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO ECONOMIC DEVELOPMENT; CREATING THE SUSTAINABLE ECONOMY TASK FORCE AND THE SUSTAINABLE ECONOMY ADVISORY COUNCIL; REQUIRING THAT THE SUSTAINABLE ECONOMY TASK FORCE DEVELOP A STRATEGIC PLAN TO TRANSITION THE STATE ECONOMY AWAY FROM RELIANCE ON NATURAL RESOURCE EXTRACTION; PROVIDING DUTIES; REQUIRING THAT DEPARTMENT SECRETARIES OF STATE AGENCIES COMPLY WITH THE STRATEGIC PLAN.

AI Summary

This bill creates the Sustainable Economy Task Force and the Sustainable Economy Advisory Council. The Task Force is required to develop a strategic plan to transition the state economy away from reliance on natural resource extraction, such as by promoting new jobs to replace those in the extraction sector, diversifying the tax base, and fostering long-term economic growth. The plan must be developed in consultation with affected communities, including tribal nations and disproportionately impacted communities. Department secretaries are required to implement the strategic plan as much as legally permissible.

Committee Categories

Agriculture and Natural Resources, Budget and Finance, Government Affairs

Sponsors (1)

Last Action

Signed by Governor - Chapter 42 - Apr. 5 (on 03/17/2021)

bill text


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