summary
Introduced
01/25/2022
01/25/2022
In Committee
02/03/2022
02/03/2022
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT MAKING AN APPROPRIATION TO THE INTERSTATE STREAM COMMISSION FOR THE STRATEGIC WATER RESERVE.
AI Summary
This bill appropriates $15 million from the general fund to the Interstate Stream Commission to administer the Strategic Water Reserve program in New Mexico. The Strategic Water Reserve is established under Section 72-14-3.3 of the New Mexico Statutes Annotated (NMSA) and allows the state to acquire water rights to help ensure reliable water supplies, especially during times of drought. The bill specifies that any unexpended or unencumbered funds at the end of a fiscal year will not revert to the general fund, allowing the Commission to carry over funds for continued administration of the program.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (5)
Last Action
Action Postponed Indefinitely (on 02/03/2022)
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=162&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/senate/SB0162.pdf |
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