HOUSE BILL 792

47th legislature - STATE OF NEW MEXICO - second session, 2006

INTRODUCED BY

Richard P. Cheney

AN ACT

RELATING TO WATER; AMENDING THE WATER PROJECT FINANCE ACT TO PROVIDE FOR FUNDING INTERSTATE PROJECTS THAT BENEFIT NEW MEXICO.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. Section 72-4A-6 NMSA 1978 (being Laws 2001, Chapter 164, Section 6, as amended) is amended to read:

     "72-4A-6. AUTHORITY--DUTIES.--The authority shall:

          A. provide staff support for the board;

          B. develop application procedures and forms for qualifying entities to apply for grants and loans from the water project fund; and

          C. make loans or grants to qualifying entities for qualifying water projects authorized by the legislature; provided that the service area for the project is wholly within the boundaries of the state or the project is an interstate project that directly benefits New Mexico."

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