Signed
Summary
The bill restricts how often and for how long New Mexico can reauthorize capital outlay projects, requires at least 10% of the original appropriation to be encumbered by Jan. 1, and sends any unspent general‑fund money to the Capital Development and Reserve Fund (or the Tribal Infrastructure Project Fund for tribal projects). It also bars local governments from requesting drinking‑water, wastewater, storm‑water, or dam projects through the legislature, sending those requests to state grant programs instead. The changes are meant to tighten fiscal oversight and keep infrastructure spending on track.
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