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NM SB229

NM SB229
Healthy Food Financing Act


summary

Introduced
02/01/2021
In Committee
03/15/2021
Crossed Over
03/12/2021
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO ECONOMIC DEVELOPMENT; ENACTING THE HEALTHY FOOD FINANCING ACT; CREATING THE HEALTHY FOOD FINANCING PROGRAM IN THE ECONOMIC DEVELOPMENT DEPARTMENT; CREATING THE EQUITABLE FOOD-ORIENTED DEVELOPMENT ADVISORY BOARD; ESTABLISHING POWERS AND DUTIES; CREATING A FUND; MAKING AN APPROPRIATION.

AI Summary

This bill enacts the Healthy Food Financing Act, creating the Healthy Food Financing Program in the Economic Development Department. The program aims to increase access to healthy food in underserved communities by providing grants and loans for projects such as new grocery store construction, store renovations, and food distribution initiatives. The bill establishes an Equitable Food-Oriented Development Advisory Board to review and recommend grant and loan applications, and creates a Healthy Food Financing Fund to finance these projects. The bill also requires the department to establish monitoring and reporting mechanisms for the program.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (3)

Last Action

HHHC: Reported by committee with Do Pass recommendation (on 03/15/2021)

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