HOUSE BILL 298
56th legislature - STATE OF NEW MEXICO - first session, 2023
ENDORSED BY THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE
MAKING APPROPRIATIONS FROM THE PUBLIC PROJECT REVOLVING FUND TO THE DRINKING WATER STATE REVOLVING LOAN FUND, THE WATER AND WASTEWATER PROJECT GRANT FUND, THE CULTURAL AFFAIRS FACILITIES INFRASTRUCTURE FUND AND THE LOCAL GOVERNMENT PLANNING 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) three million five hundred thousand
dollars ($3,500,000) to the drinking water state revolving loan
fund for expenditure in fiscal year 2024 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) three million seven hundred thousand dollars ($3,700,000) to the water and wastewater project grant fund for expenditure in fiscal year 2023 and subsequent fiscal years to provide matching funds for clean water state revolving fund projects that meet the eligibility requirements of the Federal Water Pollution Control Act;
(3) five million dollars ($5,000,000) to the
cultural affairs facilities infrastructure fund for expenditure
in fiscal year 2024 and subsequent fiscal years to carry out
the purposes of the fund; and
(4) two million dollars ($2,000,000) to the local government planning fund for expenditure in fiscal year 2024 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.
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