Bill > SB212

This bill authorizes the issuance of severance tax bonds to fund a variety of capital projects across New Mexico. Key provisions include: - Appropriating funds to state agencies, local governments, universities, and other entities for projects such as constructing and renovating public facilities, upgrading infrastructure, purchasing equipment, and making other capital improvements. - Establishing requirements and conditions for the issuance and use of the severance tax bond funds, including timelines for spending the funds and reverting any unexpended balances. - Appropriating funds from other sources like the public school capital outlay fund, miners' trust fund, and game protection fund for additional projects. - Declaring an emergency to allow the bill to take effect immediately upon becoming law. The bill covers a wide range of projects statewide, addressing needs in areas like education, public safety, transportation, water systems, parks and recreation, and more. It aims to make strategic investments in New Mexico's infrastructure and capital assets.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=212&year=22