SENATE BILL 332
56th legislature - STATE OF NEW MEXICO - first session, 2023
INTRODUCED BY
Nancy Rodriguez
ENDORSED BY THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE
AN ACT
RELATING TO FINANCE; AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO MAKE LOANS FOR PUBLIC PROJECTS FROM THE PUBLIC PROJECT REVOLVING FUND; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. AUTHORIZATION OF PROJECTS.--Pursuant to Section 6-21-6 NMSA 1978, the legislature authorizes the New Mexico finance authority to make loans from the public project revolving fund for public projects as defined in Section 6-21-3 NMSA 1978. Pursuant to Section 6-21-6 NMSA 1978, loans of one million dollars ($1,000,000) or less do not require specific authorization and need not be identified in this act. Authorization is given to the New Mexico finance authority to make loans to the following qualified entities on terms and conditions established by the authority:
1. Dona Ana county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
2. the Dora consolidated school district in Roosevelt county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights and refinance projects;
3. the board of regents of eastern New Mexico university in Roosevelt county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
4. the Elida municipal school district in Roosevelt county for land, buildings, equipment, furniture, machinery and refinance projects;
5. the city of Farmington in San Juan county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
6. the Floyd municipal school district in Roosevelt county for land, buildings, equipment, furniture, machinery and refinance projects;
7. the Inspiration public improvement district in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects;
8. the Laguna Pueblo utility authority in Cibola county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights and capital asset projects;
9. Lobo energy, incorporated, in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems and water rights projects;
10. Los Diamantes public improvement district in Sandoval county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects;
11. Luna county for land, buildings, equipment, furniture, machinery, roads, streets, airports, parking facilities and public transportation systems projects;
12. the village of Magdalena in Socorro county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
13. Otero county for land, buildings, equipment, furniture, machinery, roads, streets, airports, parking facilities and public transportation systems projects;
14. the Reserve independent school district in Catron county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights and refinance projects;
15. the village of San Jon in Quay county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
16. Sandoval county for land, buildings, equipment, furniture and machinery projects;
17. the South Salazar public improvement district in Taos county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
18. the Pueblo of Santa Clara in Rio Arriba county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
19. the town of Taos in Taos county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
20. the Taos regional landfill board in Taos county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
21. the board of regents of the university of New Mexico in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
22. the board of regents of the university of New Mexico for the Valencia branch campus in Valencia county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
23. the university of New Mexico medical group, incorporated, in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
24. the West Las Vegas public school district in San Miguel county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects;
25. the Boulders public improvement district in Bernalillo county for refinance projects;
26. the Tierra Santa public improvement district 1 in Dona Ana county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects;
27. the Valencia Park public improvement district in Dona Ana county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects;
28. the Volterra public improvement district in Bernalillo county for refinance projects;
29. the Trails public improvement district in Bernalillo county for refinance projects;
30. the Mark Armijo academy charter school in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
31. the South Valley preparatory charter school in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
32. the Alta Vista Solares 1 and 2 public improvement districts in Taos county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
33. the Chamisa Verde 3 public improvement district in Taos county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems, public recreational facilities and refinance projects;
34. the Winrock town center tax increment development district 1 in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects;
35. the Winrock town center tax increment development district 2 in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects;
36. the Mesa del Sol tax increment development district 1 in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects; and
37. the Mesa del Sol tax increment development district 2 in Bernalillo county for land, buildings, equipment, furniture, machinery, public utilities, including electric, water and wastewater, solid waste systems, water rights, roads, streets, airports, parking facilities, public transportation systems and public recreational facilities projects.
SECTION 2. VOIDING OF AUTHORIZATION.--If a qualified entity listed in Section 1 of this act has not certified to the New Mexico finance authority by the end of fiscal year 2026 its desire to continue to pursue a loan from the public project revolving fund for a public project listed in that section, the legislative authorization granted to the New Mexico finance authority by Section 1 of this act to make a loan from the public project revolving fund to that qualified entity for that public project is void.
SECTION 3. EMERGENCY.--It is necessary for the public
peace, health and safety that this act take effect immediately.
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