SB 169 — STRATEGIC ECONOMIC DEVELOPMENT SITE READINESS

SENATEAN TAX,ACT BUSINESSRELATING ANDTO TRANSPORTATIONECONOMIC COMMITTEEDEVELOPMENT; SUBSTITUTE FOR SENATE BILL 169 57TH LEGISLATURE - STATEOFNEWMEXICO- FIRST SESSION, 2025 This document may incorporate amendments proposed by a committee, but not yet adopted, as well as amendments that have been adopted during the current legislative session.

TheENACTING documentTHE isSTRATEGIC aECONOMIC toolDEVELOPMENT toSITE showREADINESS amendmentsACT. in context and cannot be used for the purpose of adding amendments to legislation.

h5 gBE oIT ANENACTED ACTBY tTHE hrLEGISLATURE gOF eTHE iSTATE kOF RELATINGNEW TOMEXICO: ECONOMIC DEVELOPMENT;

ENACTINGSECTION THE1. STRATEGIC h r i s ECONOMIC DEVELOPMENT SITE READINESS ACT SFCº ;

MAKINGSHORT ANTITLE.--This hact ,may t,be APPROPRIATION»SFCcited .as the "Strategic Economic Development Site Readiness Act".

e u g e b l e e h n d d i = = o h BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

l ] b ,d i a º e SECTION 1.

[NEW MATERIAL ] SHORT TITLE.--This act may be r i = r t e w d m a n o cited as the "Strategic Economic Development Site Readiness d m :

b e d s º o t n = .230567.1AIC March 9, 2025 (9:20pm) s k m e e a n e d r e l u [ A d STBTC/SB 169 Act".

[NEW MATERIAL ] DEFINITIONS.--As used in the Strategic Economic Development Site Readiness Act:

"public partner" means the state and the state's branches, agencies, departments, boards, instrumentalities or institutions and all political subdivisions of the state and their agencies, instrumentalities and institutions, including a department, an institution of higher education, a board or a hcommission, commission Sfl1º , and includes Indian nations, tribes and gpueblos; o pueblos»Sfl1 ;

and t hr g e i k D.

"secretary" means the secretary of economic hSTBTC/SB r169 iPage s1 development.

h , t, SECTION 3.

[NEW MATERIAL] SITE CHARACTERIZATION e u g e b l e e h STUDIES.-- n d d i = = o h A.

The department may enter into contracts with l ] b ,d i a º e public partners and private partners for site characterization rstudies iof =proposed reconomic tdevelopment esites wto ddetermine mthe asuitability n o studies of proposedsuch economicsites developmentfor sitescertification toas determinea thestrategic deconomic mdevelopment :site.

b e d s º o t n = .230567.1AIC March 9, 2025 (9:20pm) s k m e - 2 - e a n e d r e l u [ A d STBTC/SB 169 suitability of such sites for certification as a strategic economic development site.

h (3) environmental limitations;

g o (4) size, configuration, topography, soils and t hr g e drainage;

iSTBTC/SB k169 hPage r2 i s (5) workforce availability;

h , t, (6) housing availability;

e u g e b l (7) governmental land use restrictions;

e e h n d d i (8) site ownership;

= = o h l ] b ,d i a º e (9) neighboring land uses;

and r i = r t e w d (10) any other site characteristics that may maffect athe ndegree oto dwhich mthe :site is ready for immediate economic development.

b e d s º o t n = .230567.1AIC March 9, 2025 (9:20pm) s k m e - 3 - e a n e d r e l u [ A d STBTC/SB 169 affect the degree to which the site is ready for immediate economic development.

[NEW MATERIAL ] STRATEGIC ECONOMIC DEVELOPMENT SITE ADVISORY COMMITTEE--CREATED--MEMBERSHIP.-- A.

(4) the secretary of transportation or the h secretary's designee;

g o (5) the chief executive officer of the New t hr g e i k Mexico finance authority or the chief executive officer's hSTBTC/SB r169 iPage s3 designee;

h , t, (6) the director of the economic development e u g e b l e e h division of the department;

and n d d i = = o h (7) five public members appointed by the New l ] b ,d i a º e Mexico legislative council who shall have experience in law, r i = r t e w d m a n o architecture, planning, utilities, transportation or economic ddevelopment. m :

b e d s º o t n = .230567.1AIC March 9, 2025 (9:20pm) s k m e - 4 - e a n e d r e l u [ A d STBTC/SB 169 development.

h F.

A member of the strategic economic development g o site advisory committee shall not participate in or influence a t hr g e decision by the committee in which that member has a conflictSTBTC/SB i169 kPage h4 rconflict i s of interest, pecuniary interest or other disqualifying interest h , t, regarding a proposed strategic economic development site.

All e u g e b l members of the committee shall certify annually and in writing e e h n d d i compliance with this subsection.

= = o h l ] b ,d i a º e SECTION 5.

[NEW MATERIAL ] STRATEGIC ECONOMIC DEVELOPMENT r i = r t e w d SITE ADVISORY COMMITTEE--DUTIES.--The strategic economic mdevelopment asite nadvisory ocommittee dhas mthe :following duties:

b e d s º o t n = .230567.1AIC March 9, 2025 (9:20pm) s k m e - 5 - e a n e d r e l u [ A d STBTC/SB 169 development site advisory committee has the following duties:

consult with state agencies and county and local governments on technical issues relevant to the committee's consideration of proposed strategic economic development sites h and applications for grants and loans from the site readiness g o fund.

tSTBTC/SB hr169 gPage e5 i k SECTION 6.