SENATE BILL 186

47th legislature - STATE OF NEW MEXICO - first session, 2005

INTRODUCED BY

Kent L. Cravens

FOR THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE

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 Section 72-4A-9 NMSA 1978, 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 Dona Ana mutual domestic water consumers association in Dona Ana county for a surface water project;

          B. to the interstate stream commission for Middle Rio Grande endangered species collaborative program in Bernalillo county for water and refugium projects;

          C. to the city of Aztec in San Juan county for a water storage project;

          D. to the city of Alamogordo in Otero county for a regional water project;

          E. to the El Rito regional water system in Rio Arriba county for a regional water project;

          F. to Raton water works in Colfax county for a watershed project;

          G. to the Eastern New Mexico rural water system in Curry county for a water project;

          H. to Cuatro Villas mutual domestic water users association in Santa Fe county and Greater Chimayo mutual domestic water users association in Rio Arriba and Santa Fe counties;

          I. to the Claunch-Pinto soil and water conservation district in Santa Fe, Torrance and Bernalillo counties for a watershed project;

          J. to the village of Cloudcroft in Otero county for a water project;

          K. to the city of Deming in Luna county for a water project;

          L. to the city of Gallup in McKinley county for a water project;

          M. to the city of Las Vegas in San Miguel county for a wastewater project;

          N. to the city of Santa Fe in Santa Fe county for a water project;

          O. to the Pueblo of Taos in Taos county for the War Chief office watershed project; and

          P. to the town of Taos in Taos county for a wastewater project.

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

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