summary
Introduced
01/31/2022
01/31/2022
In Committee
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO WATER PROJECTS; PROVIDING THAT SEVERANCE TAX BOND PROCEEDS FROM THE ISSUANCE OF AN ADDITIONAL NINE PERCENT OF THE ESTIMATED BONDING CAPACITY BE DEDICATED FOR GRANTS FOR DRINKING WATER AND WASTEWATER PROJECTS; INCLUDING WASTEWATER PROJECTS AS WATER PROJECTS THAT MAY BE FUNDED FROM THE WATER PROJECT FUND; ALLOWING THE WATER TRUST BOARD TO AUTHORIZE WASTEWATER PROJECTS TO THE NEW MEXICO FINANCE AUTHORITY.
AI Summary
This bill proposes several changes related to water projects in New Mexico. It amends existing law to increase the percentage of severance tax bond proceeds dedicated to funding water projects from 9% to 18%, with at least half of those proceeds reserved for grants for drinking water and wastewater projects. The bill also expands the definition of "water projects" that can be funded through the Water Project Fund to include wastewater treatment and disposal projects, and allows the Water Trust Board to authorize such wastewater projects to the New Mexico Finance Authority.
Sponsors (8)
Gail Armstrong (R)*,
Jack Chatfield (R)*,
Rebecca Dow (R)*,
Tony Allison (D),
Randal Crowder (R),
Susan Herrera (D),
Candie Sweetser (D),
James Townsend (R),
Last Action
Action Postponed Indefinitely (on 01/31/2022)
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=H&legtype=B&legno=179&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0179.pdf |
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