Bill > SB357

This bill creates the Essential Services Development Act, which establishes a framework for state and local governments to support infrastructure projects that provide internet, energy, water, and wastewater services primarily for residential purposes. The bill defines key terms and outlines a comprehensive process for local and regional governments to develop and implement essential services projects. Local governments must first adopt a detailed development plan that describes their goals, project types, eligibility criteria, and resource safeguards. They can then accept applications for public support, which can include land acquisition, infrastructure improvements, broadband network facilities placement, loans, grants, and other forms of assistance. The bill requires that all public support be specifically authorized by law and that local governments create special funds to track and manage project-related money. A project participation agreement with the state's local government division must be established, which includes project descriptions, development schedules, performance reviews, and provisions for safeguarding public resources. The bill also allows multiple municipalities or counties to form regional governments through joint powers agreements to collaborate on essential services projects, and provides for technical assistance from the state division. Importantly, the bill includes provisions for terminating plans and returning unexpended funds to the state's general fund if projects are not completed satisfactorily.

Budget and Finance, Government Affairs

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=357&year=25