summary
Introduced
02/09/2023
02/09/2023
In Committee
03/15/2023
03/15/2023
Crossed Over
03/01/2023
03/01/2023
Passed
03/16/2023
03/16/2023
Dead
Vetoed
03/17/2023
03/17/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT RELATING TO GEOTHERMAL RESOURCES; ADDING A CENTER OF EXCELLENCE FOR GEOTHERMAL RESOURCES AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY; AMENDING THE DUTIES OF THE ENERGY CONSERVATION AND MANAGEMENT DIVISION OF THE ENERGY, MINERALS AND NATURAL RESOURCES DEPARTMENT; CREATING THE GEOTHERMAL PROJECTS DEVELOPMENT FUND; AUTHORIZING GRANTS; CREATING THE GEOTHERMAL PROJECTS REVOLVING LOAN FUND; AUTHORIZING LOANS; MAKING APPROPRIATIONS.
AI Summary
This bill establishes a Center of Excellence for Geothermal Resources at the New Mexico Institute of Mining and Technology, amends the duties of the Energy Conservation and Management Division to regulate and promote geothermal resources development, creates the Geothermal Projects Development Fund to provide grants for studying and financing geothermal development projects, and creates the Geothermal Projects Revolving Loan Fund to provide low-interest loans for financing geothermal development projects. The bill also defines key terms related to geothermal resources and grants the Division exclusive authority over matters related to geothermal injection wells.
Committee Categories
Agriculture and Natural Resources
Sponsors (4)
Last Action
Pocket Veto (on 03/17/2023)
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=365&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/final/HB0365.pdf |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/house/HB0365.pdf |
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