Bill > HB90

This bill amends the Border Development Act to change the name of the Border Authority to the Border and Port Authority, change the composition of the authority, and make various other technical and clarifying changes to the law. The key provisions of the bill include: - Expanding the membership of the authority from 7 to 5 voting members, with the governor appointing 3 members representing the private sector with relevant professional experience, and the secretaries of Economic Development and Transportation serving as the other 2 voting members. The bill also allows for the appointment of various advisory members. - Changing the authority's leadership structure, with the authority now selecting a chair and vice chair from among its voting members. - Expanding the authority's powers and duties, such as advising the state on border development initiatives, promoting legislation to further the authority's goals, and administering a new "Border and Port Authority Fund" to finance projects. - Authorizing the authority to issue revenue bonds and borrow money for acquiring or constructing projects related to ports of entry, international trade, and border infrastructure. - Transferring oversight of the authority from the Secretary of Economic Development to the New Mexico Finance Authority Oversight Committee. The bill aims to strengthen the state's ability to develop and manage infrastructure and economic opportunities in New Mexico's border region with Mexico.

Labor and Employment, Military Affairs and Security

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=90&year=17