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NM HB64

NM HB64
Public Project Revolving Fund Appropriations


summary

Introduced
01/20/2026
In Committee
02/16/2026
Crossed Over
02/12/2026
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

AN ACT MAKING APPROPRIATIONS FROM THE PUBLIC PROJECT REVOLVING FUND TO THE DRINKING WATER STATE REVOLVING LOAN FUND, LOCAL GOVERNMENT PLANNING FUND AND CULTURAL AFFAIRS FACILITIES INFRASTRUCTURE FUND.

AI Summary

This bill appropriates funds from the public project revolving fund, which is a pool of money used for public infrastructure projects, to three specific funds: the drinking water state revolving loan fund, the local government planning fund, and the cultural affairs facilities infrastructure fund. Specifically, $6,250,000 is allocated to the drinking water fund to help match federal funds for projects related to the Safe Drinking Water Act of 1974, $2,000,000 is designated for the local government planning fund to support its general purposes, and $5,000,000 is provided to the cultural affairs facilities infrastructure fund for its objectives. These appropriations are for fiscal year 2027 and beyond, and any money not spent or committed at the end of a fiscal year will remain available for use in future years rather than being returned to the public project revolving fund.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (1)

Last Action

SFC: Reported by committee with Do Pass recommendation (on 02/16/2026)

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