summary
Introduced
01/31/2021
01/31/2021
In Committee
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
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 for a variety of public projects, such as infrastructure, debt refinancing, and water and wastewater systems, for over 150 specific qualified entities across New Mexico counties and municipalities. The bill also states that the legislative authorization will be void if the qualified entities do not certify their desire to pursue a loan by the end of fiscal year 2024. Finally, the bill declares an emergency, allowing the act to take effect immediately.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Senate Indian, Rural and Cultural Affairs Committee (09:00 2/4/2021 Room 303) (on 02/04/2021)
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=165&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0165.pdf |
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