SENATE BILL 70
55th legislature - STATE OF NEW MEXICO - first session, 2021
ENDORSED BY THE NEW MEXICO FINANCE AUTHORITY
MAKING APPROPRIATIONS FROM THE PUBLIC PROJECT REVOLVING FUND TO THE DRINKING WATER STATE REVOLVING LOAN FUND, THE LOCAL GOVERNMENT PLANNING FUND, THE WASTEWATER FACILITY CONSTRUCTION LOAN FUND AND THE CULTURAL AFFAIRS FACILITIES INFRASTRUCTURE FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATIONS.--
A. The following amounts are appropriated from the public project revolving fund to the following funds:
(1) two million five hundred thousand dollars ($2,500,000) to the drinking water state revolving loan fund for expenditure in fiscal year 2022 and subsequent fiscal years to provide state matching funds for federal Safe Drinking Water Act of 1974 projects and to carry out the purposes of the Drinking Water State Revolving Loan Fund Act;
(2) two million dollars ($2,000,000) to the local government planning fund administered by the New Mexico finance authority for expenditure in fiscal year 2022 and subsequent fiscal years to make grants to qualified entities; to evaluate and estimate the costs of implementing the most feasible alternatives for infrastructure, water and wastewater public project needs; or to develop water conservation plans, long-term master plans, economic development plans or energy audits; and to pay the administrative costs of the local government planning program;
(3) one million eight hundred thousand dollars ($1,800,000) to the wastewater facility construction loan fund pursuant to Section 6-21-6.1 NMSA 1978 for expenditure in fiscal year 2022 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; and
(4) five million dollars ($5,000,000) to the cultural affairs facilities infrastructure fund for expenditure in fiscal year 2022 and subsequent fiscal years to carry out the purposes of the fund.
B. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the public project revolving fund.