summary
Introduced
01/21/2017
01/21/2017
In Committee
02/11/2017
02/11/2017
Crossed Over
01/28/2017
01/28/2017
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO STATE INVESTMENTS; REQUIRING THAT AT LEAST ONE-HALF OF THE STATE'S PERMANENT FUNDS INVESTMENTS IN PUBLICLY FINANCED INFRASTRUCTURE PROJECTS BE MADE IN PROJECTS IN NEW MEXICO.
AI Summary
This bill requires the State Investment Council to invest at least one-half of the state's permanent funds in publicly financed infrastructure projects located within New Mexico. The bill amends the existing law governing the powers and duties of the State Investment Council and State Investment Officer, adding a new provision that mandates this in-state infrastructure investment requirement. The goal of the bill is to direct a significant portion of the state's permanent funds towards financing infrastructure projects that are based in New Mexico, rather than investing those funds elsewhere.
Committee Categories
Budget and Finance, Labor and Employment, Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 26] Referred to Senate Corporations & Transportation (on 02/11/2017)
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=405&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0405.pdf |
Loading...