Bill > HB285

This bill authorizes the issuance of severance tax bonds and appropriates funds from various state accounts for capital outlay projects across New Mexico. It establishes conditions for the issuance and expenditure of the bond proceeds, including reversion of unexpended balances. The bill also appropriates general funds and other state funds for various infrastructure improvements, equipment purchases, and planning and design of new facilities for state agencies, higher education institutions, and local governments. Additionally, the bill provides contingent authorization for the Public Education Department to request budget increases for school bus replacements using funds from the environmental mitigation trust.

Budget and Finance

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=285&year=21