HOUSE BILL 298

56th legislature - STATE OF NEW MEXICO - first session, 2023

INTRODUCED BY

Ambrose Castellano

 

 

ENDORSED BY THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE

AN ACT

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

 

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

     SECTION 1. APPROPRIATIONS.--

          A. The following amounts are appropriated from the public project revolving fund to the following funds:

                (1) three million five hundred thousand

dollars ($3,500,000) to the drinking water state revolving loan

fund for expenditure in fiscal year 2024 and subsequent fiscal

years to provide state matching funds for federal Safe Drinking

Water Act of 1974 projects and to carry out the purposes of the

Drinking Water State Revolving Loan Fund Act;

                (2) three million seven hundred thousand dollars ($3,700,000) to the water and wastewater project grant fund for expenditure in fiscal year 2023 and subsequent fiscal years to provide matching funds for clean water state revolving fund projects that meet the eligibility requirements of the Federal Water Pollution Control Act;

                (3) five million dollars ($5,000,000) to the

cultural affairs facilities infrastructure fund for expenditure

in fiscal year 2024 and subsequent fiscal years to carry out

the purposes of the fund; and

                (4) two million dollars ($2,000,000) to the local government planning fund for expenditure in fiscal year 2024 and subsequent fiscal years to carry out the purposes of the fund.

          B. Any unexpended or unencumbered balance remaining

at the end of a fiscal year shall not revert to the public

project revolving fund.

- 2 -