Reported by CommitteeFiled Feb 4, 2026
Sponsor: Murphy, Mark B.
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill lets the state’s local government division give zero‑interest, reimbursable loans to municipalities and other political subdivisions that have secured federal disaster assistance for repairing flood‑damaged public infrastructure in Chaves County. Loans must be repaid within 30 days of receiving the federal funds, and interest is charged only if the borrower defaults. The measure sets aside $150 million for the program and directs repayments to the state’s general fund.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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