HOUSE BILL 116
54th legislature - STATE OF NEW MEXICO - first session, 2019
Randal S. Crowder
ENDORSED BY THE NEW MEXICO
FINANCE AUTHORITY OVERSIGHT COMMITTEE
MAKING AN APPROPRIATION FOR WASTEWATER SYSTEM FINANCING.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--One million five hundred thousand dollars ($1,500,000) is appropriated from the public project revolving fund to the wastewater facility construction loan fund for expenditure in fiscal year 2020 and subsequent fiscal years to provide state matching funds for federal Clean Water Act of 1977 projects and to carry out the purposes of the Wastewater Facility Construction Loan Act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the public project revolving fund.
SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2019.