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NM SB70

NM SB70
Public Project Revolving Fund Appropriations


summary

Introduced
01/19/2021
In Committee
03/10/2021
Crossed Over
02/25/2021
Passed
03/13/2021
Dead
Signed/Enacted/Adopted
03/13/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT MAKING APPROPRIATIONS FROM THE PUBLIC PROJECT REVOLVING FUND TO THE DRINKING WATER STATE REVOLVING LOAN FUND, THE LOCAL GOVERNMENT PLANNING FUND, THE WASTEWATER FACILITY CONSTRUCTION LOAN FUND AND THE CULTURAL AFFAIRS FACILITIES INFRASTRUCTURE FUND.

AI Summary

This bill appropriates funds from the Public Project Revolving Fund to various state funds and programs. Specifically, it allocates $2.5 million to the Drinking Water State Revolving Loan Fund for Safe Drinking Water Act projects, $2 million to the Local Government Planning Fund for infrastructure planning grants, $1.8 million to the Wastewater Facility Construction Loan Fund for Clean Water Act projects, and $5 million to the Cultural Affairs Facilities Infrastructure Fund. The bill also allows any unexpended or unencumbered balances to remain in the receiving funds rather than reverting back to the Public Project Revolving Fund.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

Signed by Governor - Chapter 30 - Apr. 5 (on 03/13/2021)

bill text


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