summary
Introduced
01/19/2021
01/19/2021
In Committee
03/15/2021
03/15/2021
Crossed Over
03/02/2021
03/02/2021
Passed
03/19/2021
03/19/2021
Dead
Signed/Enacted/Adopted
03/19/2021
03/19/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC FINANCE; PROVIDING FOR THE ISSUANCE AND USE OF STATE TRANSPORTATION PROJECT BONDS FOR CERTAIN TRANSPORTATION PROJECTS; DECLARING AN EMERGENCY.
AI Summary
This bill authorizes the New Mexico Finance Authority to issue state transportation project bonds to fund specific transportation projects, including state highway construction, reconstruction, and improvement projects authorized by the legislature, as well as projects to address revenue shortfalls from the COVID-19 pandemic and other state highway projects identified in the state transportation improvement program. The bill also amends existing law to allow the Department of Transportation to use the bond proceeds for these authorized projects and sets forth reporting requirements for the Department of Transportation. The bill declares an emergency, allowing it to take effect immediately.
Committee Categories
Budget and Finance, Justice, Transportation and Infrastructure
Sponsors (1)
Last Action
Signed by Governor - Chapter 43 - Apr. 5 (on 03/19/2021)
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=121&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/final/SB0121.pdf |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0121.pdf |
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