FIFTY-SEVENTH LEGISLATURE
FIRST REGULAR SESSION, 2025
February 27, 2025
Mr. Speaker:
Your AGRICULTURE, ACEQUIAS & WATER RESOURCES COMMITTEE, to whom has been referred
HOUSE BILL 427
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. On page 4, line 7, strike "Grant projects and loans" and insert in lieu thereof "Financial assistance".
2. On page 4, line 11, strike "authority" and insert in lieu thereof "board".
3. On page 4, line 11, after "grant", insert "and loan".
4. On page 4, line 12, after "money", insert a period and
"Such grants and loans shall only be issued using money available from general fund appropriations".
5. On page 4, line 21, strike "the grants" and insert in lieu thereof "loans".
6. On page 4, line 24, strike "shall" and insert in lieu
thereof "may".
7. On page 4, line 24, after "reporting", insert "or recordkeeping".
8. On page 5, line 3, after "expenses", strike the remainder of the line and strike line 4 through the comma.
9. On page 5, line 5, after the period, strike the remainder of the line, strike line 6 and strike line 7 through "consider" and insert in lieu thereof "The board shall report to the New Mexico finance authority oversight committee by June 30, 2029".
10. On page 5, line 15, after "project", insert ", except
real-time water quality monitoring as specified in Subsection B of this section,".,
and thence referred to the GOVERNMENT, ELECTIONS AND INDIAN AFFAIRS COMMITTEE.
Respectfully submitted,
Kristina Ortez, Chair
Adopted Not Adopted
(Chief Clerk) (Chief Clerk)
Date
The roll call vote was 8 For 0 Against
Yes: 8
No: 0
Excused: Cates
Absent: None
231425.2
HB0427AA1.wpd
Z:\2025 Session\CommitteeReports\HB0427AA1.wpd