HOUSE BILL 84

44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999

INTRODUCED BY

Jerry Sandel

FOR THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE

AN ACT

MAKING AN APPROPRIATION TO THE DRINKING WATER STATE REVOLVING LOAN FUND FOR DRINKING WATER SYSTEM FINANCING; DECLARING AN EMERGENCY.

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

Section 1. APPROPRIATION.--Pursuant to Section 6-21-6.1 NMSA 1978, one million six hundred eighty-six thousand two hundred seventy-nine dollars ($1,686,279) is appropriated from the public project revolving fund to the drinking water state revolving loan fund for expenditure in fiscal year 1999 and subsequent fiscal years to carry out the purposes of the Drinking Water State Revolving Loan Fund Act. Any unexpended or unencumbered balance remaining at the end of any fiscal year shall not revert to the public project revolving fund.

Section 2. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.

- 2 -