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Bill > SB37


NM SB37

NM SB37
Public Project Revolving Fund Appropriations


summary

Introduced
01/18/2022
In Committee
02/14/2022
Crossed Over
02/01/2022
Passed
02/15/2022
Dead
Signed/Enacted/Adopted
02/28/2022

Introduced Session

2022 Regular Session

Bill Summary

AN ACT MAKING APPROPRIATIONS FROM THE PUBLIC PROJECT REVOLVING FUND TO THE DRINKING WATER STATE REVOLVING LOAN 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 the Drinking Water State Revolving Loan Fund, the Wastewater Facility Construction Loan Fund, and the Cultural Affairs Facilities Infrastructure Fund. Specifically, it allocates $6.72 million to the Drinking Water State Revolving Loan Fund to provide state matching funds for federal Safe Drinking Water Act projects, $2.5 million to the Wastewater Facility Construction Loan Fund to provide state matching funds for federal Clean Water Act projects, and $5 million to the Cultural Affairs Facilities Infrastructure Fund. The bill also specifies that any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the Public Project Revolving Fund.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (1)

Last Action

Signed by Governor - Chapter 15 - Feb. 28 (on 02/28/2022)

bill text


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