New Mexico 2023 Regular Session Status: Enacted Bipartisan · 2 D · 1 R cosponsors

SB 6 — HERMITS PEAK-CALF CANYON FIRE RECOVERY FUNDS

Last action — Signed

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 17, 2023. Enacted.

Signed by Governor Michelle Lujan Grisham (Democratic) on February 21, 2023.

Prognosis

Likely to advance 74% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    4 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 D · 1 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

92 added · 132 removed

Plain-language change summary

The amendment to SB 6 introduces zero-interest loans for local governments in New Mexico to help them repair public infrastructure damaged by recent disasters like fires and flooding. It specifies that these loans will only be available if the local governments have already been approved for federal assistance funding. This change is important because it ensures that local entities have access to financial support without the burden of interest, facilitating quicker recovery and rebuilding efforts following the Hermits Peak-Calf Canyon fire.

→
Previous
Latest
SENATE FINANCE COMMITTEE SUBSTITUTE FOR SENATE BILL 6 56TH LEGISLATURE -STATEOFNEWMEXICO- FIRST SESSION, 2023 4 6 8 10 AN ACT RELATING TO PUBLIC FINANCE;
AN ACT RELATING TO PUBLIC FINANCE;
REQUIRING APPROVAL FOR e t 17 FEDERAL ASSISTANCE FUNDING;
REQUIRING APPROVAL FOR FEDERAL ASSISTANCE FUNDING;
w l n d 18 PROVIDING FOR ENFORCEMENT;
PROVIDING FOR ENFORCEMENT;
DECLARING = = 19 a l AN EMERGENCY.
DECLARING AN EMERGENCY.
i a e r 20 a t m m 21 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
d r e 22 SECTION 1.
SECTION 1.
TEMPORARY PROVISION--LOANS TO POLITICAL c e s k 23 SUBDIVISIONS--REPLACEMENT OR REPAIR OF PUBLIC INFRASTRUCTURE e a n b 24 DAMAGED BY FIRE, FLOODING OR DEBRIS FLOWS--REQUIREMENT FOR u [ PUBLIC ASSISTANCE GRANTS--REPORTS.-- .224708.3 SFC/SB 6 A.
TEMPORARY PROVISION--LOANS TO POLITICAL SUBDIVISIONS--REPLACEMENT OR REPAIR OF PUBLIC INFRASTRUCTURE DAMAGED BY FIRE, FLOODING OR DEBRIS FLOWS--REQUIREMENT FOR PUBLIC ASSISTANCE GRANTS--REPORTS.-- A.
The local government division of the department of finance and administration, in consultation with the homeland security and emergency management department, shall provide zero-interest reimbursable loans to political subdivisions of the state that have been approved for federal public assistance funding for projects to replace or repair public infrastructure damaged by fire, flooding or debris flows caused by or stemming from the Hermits Peak-Calf Canyon fire.
The local government division of the department of finance and administration, in consultation with the homeland security and emergency management department, shall provide zero-interest reimbursable loans to political subdivisions of the state that have been approved for federal public assistance funding for projects to replace or repair public infrastructure damaged by fire, flooding or debris flows caused by or stemming from the Hermits Peak-Calf Canyon SFC/SB 6 fire.
The local government division shall require a contract for reimbursement from a political subdivision of the state receiving a loan pursuant to this section.
The local government division shall require a contract Page 1 for reimbursement from a political subdivision of the state receiving a loan pursuant to this section.
e t 17 (2) the political subdivision shall repay the w l n d 18 loan within thirty days of having received the approved federal = = 19 public assistance funding;
(2) the political subdivision shall repay the loan within thirty days of having received the approved federal public assistance funding;
a l i a e r 20 (3) such notice or reporting requirements that a t m m 21 the local government division deems necessary to be d r e 22 sufficiently informed regarding compliance with Paragraphs (1) c e s k 23 and (2) this subsection;
(3) such notice or reporting requirements that the local government division deems necessary to be sufficiently informed regarding compliance with Paragraphs (1) and (2) this subsection;
and e a n b 24 (4) that upon failure to meet a requirement of u [ this subsection, the loan shall be repaid at current market .224708.3 - 2 - SFC/SB 6 interest rates.
and (4) that upon failure to meet a requirement of this subsection, the loan shall be repaid at current market interest rates.
On or before April 1, 2023, and every three months thereafter, the local government division shall provide a report to the legislative finance committee and the governor regarding the loans made pursuant to this section, including:
On or before April 1, 2023, and every three months thereafter, the local government division shall provide a report to the legislative finance committee and the SFC/SB 6 Page 2 governor regarding the loans made pursuant to this section, SFC/SB 6 Page 3 including:
e t 17 SECTION 2.
SECTION 2.
APPROPRIATION.-- w l n d 18 A.
APPROPRIATION.-- A.
One hundred million dollars ($100,000,000) is = = 19 appropriated from the general fund to the local government a l i a e r 20 division of the department of finance and administration for a t m m 21 expenditure in fiscal years 2023 and 2024 for the following d r e 22 purposes:
One hundred million dollars ($100,000,000) is appropriated from the general fund to the local government division of the department of finance and administration for expenditure in fiscal years 2023 and 2024 for the following purposes:
c e s k 23 (1) two hundred fifty thousand dollars e a n b 24 ($250,000) shall be used for issuance of loans and u [ administration and enforcement of loan contracts entered into .224708.3 - 3 - SFC/SB 6 pursuant to Section 1 of this act;
(1) two hundred fifty thousand dollars ($250,000) shall be used for issuance of loans and administration and enforcement of loan contracts entered into pursuant to Section 1 of this act;
- 4 - 12 14 16 e t 17 w l n d 18 = = 19 a l i a e r 20 a t m m 21 d r e 22 c e s k 23 e a n b 24 u [ .224708.3
SFC/SB 6 Page 4 3 5 7 9 25
⬇ Download PDF
View plain text versions (3)

Action History

  1. Signed

  2. passed House

  3. DO PASS committee report adopted

  4. Sent to House Appropriations & Finance Committee

  5. passed Senate

  6. DO NOT PASS, replaced with committee substitute

  7. DO PASS committee report adopted

  8. Sent to Senate Conservation Committee & Senate Finance Committee

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

4 sponsors · 0 co-sponsors · 108 not signed on

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (108)

108 members have not signed on to this bill.

Show all 108 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance environment
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 6?
SB 6 is sponsored by Castellano, Ambrose, Joshua A. Sanchez (Republican), Elizabeth "Liz" Stefanics (Democrat), and Pete Campos (Democrat).
What is the current status of SB 6?
This bill has been enacted into law. Introduced January 17, 2023. Enacted.
Where can I track SB 6?
Track SB 6 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 6

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 6

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →