SENATE BILL 594

52nd legislature - STATE OF NEW MEXICO - first session, 2015

INTRODUCED BY

Ron Griggs and Carl Trujillo

AN ACT

RELATING TO THE HAZARDOUS WASTE EMERGENCY FUND; AUTHORIZING GENERAL USES; SETTING A MINIMUM BALANCE.

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

     SECTION 1. Section 74-4-8 NMSA 1978 (being Laws 1977, Chapter 313, Section 8, as amended) is amended to read:

     "74-4-8. EMERGENCY FUND.--The "hazardous waste emergency fund" is created in the state treasury. This fund shall be used for cleanup of hazardous substance incidents, disposal of hazardous substances and necessary repairs to or replacement of state property and may be used for the state's share of any response action taken under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, 42 U.S.C. Sections 9601 et seq., and to improve the design and structural safety of transportation infrastructure throughout the state; provided that priority shall be given to rehabilitation of waste isolation pilot plant transportation routes. The administrative and technical expenses of maintaining an emergency response program within the [division] department shall be reimbursable on a quarterly basis from this fund. Any penalties collected by the [division] department shall be credited to this fund. Amounts in the fund shall be deposited with the state treasurer and [then] disbursed pursuant to vouchers signed by the [director] secretary or [his] the secretary's authorized representative upon warrants drawn by the secretary of finance and administration. The hazardous waste emergency fund shall be maintained at a minimum balance of one million five hundred thousand dollars ($1,500,000)."

     SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2015.

- 2 -