SENATE BILL 120
56th legislature - STATE OF NEW MEXICO - second session, 2024
William P. Soules
RELATING TO AVIATION; CREATING THE UNLEADED AVIATION FUEL GRANT PROGRAM; CREATING A FUND; MAKING AN APPROPRIATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. [NEW MATERIAL] UNLEADED AVIATION FUEL GRANT PROGRAM.--
A. The "unleaded aviation fuel grant program" is created in the department of transportation to be administered by the aviation division of the department.
B. Subject to the availability of funds, competitive grants not to exceed two hundred thousand dollars ($200,000) shall be awarded to applicants for the sole purpose of installing an unleaded aviation fuel dispensing system or otherwise providing unleaded aviation fuel at an airport.
C. Publicly owned airports, political subdivisions of the state and Indian nations, tribes and pueblos may apply for an unleaded aviation fuel grant.
D. The aviation division shall award grants to applicants through a competitive process and based upon criteria as determined by the division, and the division shall establish grant reporting requirements that meet the general purpose of this section.
E. As used in this section, "unleaded aviation fuel" means alcohol-free gasoline used in aircraft that has no more than one thousandth of one gram of lead per gallon.
SECTION 2. [NEW MATERIAL] UNLEADED AVIATION FUEL GRANT PROGRAM FUND.--The "unleaded aviation fuel grant program fund" is created as a nonreverting fund in the state treasury. The fund consists of distributions, appropriations, gifts, grants, donations and income from investment of the fund. The department of transportation shall administer the fund. Money in the fund is appropriated to the department of transportation to carry out the unleaded aviation fuel grant program. Disbursements from the fund shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of transportation or the secretary's authorized representative.
SECTION 3. APPROPRIATION.--Five million dollars ($5,000,000) is appropriated from the general fund to the unleaded aviation fuel grant program fund for expenditure in fiscal year 2025 and subsequent fiscal years for the purposes of the fund. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.
- 3 -