WATER PROJECT FUND CHANGES

Summary

The bill establishes a dedicated Water Project Fund and a scoring system for ranking water‑related projects based on urgency, matching funds, readiness, regional impact, health and safety, design quality, and water improvements. It lets the New Mexico Finance Authority issue loans and grants from the fund without waiting for the Legislature until the end of 2028, after which a two‑thirds vote is needed to extend that deadline. The measure aims to speed up critical water infrastructure work across the state.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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