HB 308
Page 1
AN ACT
RELATING TO FINANCE; AUTHORIZING THE NEW MEXICO FINANCE
AUTHORITY TO MAKE LOANS OR GRANTS FOR CERTAIN WATER PROJECTS
FROM THE WATER PROJECT FUND; MAKING AN APPROPRIATION;
DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. AUTHORIZATION OF PROJECTS.--Pursuant to the
provisions of the Water Project Finance Act, the legislature
authorizes the New Mexico finance authority to make loans or
grants from the water project fund to the following qualified
entities for the following qualifying water projects on terms
and conditions established by the water trust board and the
New Mexico finance authority:
A. to the Agua Sana water users association in Rio
Arriba county for a water project;
B. to the village of Angel Fire in Colfax county
for a water project;
C. to the village of Angel Fire in Colfax county
for a water conservation and reuse project;
D. to the city of Bloomfield in San Juan county
for a water project;
E. to the city of Carlsbad in Eddy county for a
water conservation and reuse project;
F. to the Chamberino mutual domestic water users