STUDY PUBLICLY OWNED ELECTRIC UTILITY

Summary

The bill appropriates $150,000 from New Mexico’s general fund to the University of New Mexico’s Board of Regents for the Bureau of Business and Economic Research to conduct a feasibility study on creating a publicly owned electric utility. The study would explore whether the state could acquire and operate an electric utility. Funding is limited to fiscal year 2027, and any unspent money returns to the general fund.

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