summary
Introduced
02/18/2025
02/18/2025
In Committee
03/08/2025
03/08/2025
Crossed Over
03/11/2025
03/11/2025
Passed
Dead
03/22/2025
03/22/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
AN ACT RELATING TO BORDER DEVELOPMENT; AMENDING THE BORDER DEVELOPMENT ACT; CHANGING THE COMPOSITION OF THE BORDER AUTHORITY; PROVIDING PROFESSIONAL QUALIFICATION REQUIREMENTS FOR THE POSITION OF EXECUTIVE DIRECTOR; MAKING TECHNICAL AND CLARIFYING CHANGES; AMENDING AND REPEALING SECTIONS OF THE NMSA 1978.
AI Summary
This bill comprehensively reforms the Border Development Authority, making significant changes to its structure, membership, and operational guidelines. The bill expands the authority's board from seven to nine members, including representatives from state agencies, the private sector, local government, and the state legislature, with specific professional qualification requirements for appointed members. The executive director position now requires a doctorate or bachelor's degree in specific fields, along with four years of professional experience in business management or related areas. The bill broadens the authority's scope beyond just the New Mexico-Chihuahua border to include the broader New Mexico-Mexico border region, and enhances its powers to include creating economic development programs, recruiting industries, and facilitating cross-border communication. The legislation also modifies financial management provisions, including changes to the Border Authority Fund and Border Project Fund, detailing how funds can be collected, invested, and spent. Additionally, the bill requires annual reporting to the legislative finance committee and provides for a complete restructuring of the authority's voting membership on July 1, 2026, with new members appointed according to the updated requirements. The changes aim to improve the authority's effectiveness in promoting economic development and cross-border collaboration.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Sent to SRC - Referrals: SRC (on 03/12/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=469&year=25 |
House Floor Amendment 1 | https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0469FH1.pdf |
HJC Committee Report | https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0469JC1.pdf |
House HJC1 HB469 231742.1 Committee Amendment | https://www.nmlegis.gov/Sessions/25%20Regular/Committee_Subs_And_Amendments/HB0469JC1%20231742.1%20.pdf |
HCEDC Committee Report | https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0469CE1.pdf |
House HCEDC1 HB469 231619.2 Committee Amendment | https://www.nmlegis.gov/Sessions/25%20Regular/Committee_Subs_And_Amendments/HB0469CE1%20231619.2%20.pdf |
Fiscal Note | https://www.nmlegis.gov/Sessions/25%20Regular/firs/HB0469.PDF |
BillText | https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0469.pdf |
Loading...