LOW-CARBON CONSTRUCTION MATERIAL REBATE ACT

Summary

The act would have the New Mexico Department of Environment establish a rebate program that rewards buyers of construction materials with lower greenhouse‑gas emissions, requiring independently verified environmental product declarations. Rebates would be limited to $500,000 per project and $10 million statewide each fiscal year, with mandatory reporting and fraud penalties. The bill was vetoed and therefore is not in effect.

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