Bill > SB143

This bill, the New Mexico Infrastructure Investment Act, allows the state and local governments to enter into long-term partnerships with private sector partners to facilitate public projects. The bill defines key terms like "public partner," "private partner," and "public-private partnership," and outlines the project delivery methods and procurement processes that public partners can use. It grants the General Services Department certain powers and duties, including reviewing and approving public-private partnership agreements that meet certain criteria. The bill also provides guidance on funding and financing mechanisms, user fees, and the reversion of public projects to the public partner upon termination of the partnership. Additionally, it outlines penalties for failure to pay user fees and requires cooperation between public/private partners and utilities during project implementation.

Budget and Finance, Justice, Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=143&year=17