summary
Introduced
01/19/2022
01/19/2022
In Committee
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO TRANSPORTATION; CREATING THE STATE TRANSIT FUND; ALLOWING MONEY IN THE FUND TO PROVIDE UP TO FIFTY PERCENT OF MATCHING FUNDS FOR PUBLIC TRANSIT AGENCIES; MAKING AN APPROPRIATION.
AI Summary
This bill creates the State Transit Fund, a non-reverting fund in the state treasury, to be administered by the Department of Transportation. The fund can provide up to 50% of the matching funds required for public transit agencies to receive federal grant money for general public transit operations and infrastructure, but cannot be used for commuter rail services. Public transit agencies, which include tribal entities, municipalities, counties, and regional transit districts, can submit funding requests to the department to access the State Transit Fund.
Sponsors (2)
Last Action
Action Postponed Indefinitely (on 01/19/2022)
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/Legislation/Legislation?chamber=S&legtype=B&legno=99&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/senate/SB0099.pdf |
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