New MexicoBill would direct $222 million to New Mexico water projects
If enacted, the bill would direct $222 million to New Mexico’s Water Project Fund for projects authorized by the Legislature during its 2026 session.
What it does
The bill would direct $222 million from the general fund to New Mexico’s Water Project Fund for water projects authorized by the Legislature during its 2026 session.
Argument forThe funding could help pay for water projects that the Legislature authorizes during its 2026 session.
Argument againstProjects might have less time to use the money because any balance left after fiscal year 2027 would return to the general fund.
More detail
The bill would appropriate $222 million from the general fund to the Department of Finance and Administration for the New Mexico Finance Authority’s Water Project Fund. The money would pass through the Department of Finance and Administration to the New Mexico Finance Authority’s Water Project Fund. The money would fund water projects authorized by the Legislature during its second session in 2026. The money would be available in fiscal years 2026 and 2027. Any unspent balance at the end of fiscal year 2027 would return to the general fund.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 24action postponed indefinitelyLatest
- Feb 5DO PASS committee report adoptedMinor
- Jan 30germane
- Jan 29Sent to Senate Committees' Committee & Senate Conservation Committee & Senate Finance CommitteeIntroduced
Environment & Energy