HB 108 — WATERSHED DISTRICT TAXES AND DIRECTORS

LOANS--REPAYMENTS.-- n d d i = = o h A.

In addition to the borrowing of money by the l ] b ,d i a º r issuance of bonds for the purposes set out in Section 73-20-13HB e108/a rPage =4 t73-20-13 e w d m a n o NMSA 1978, the district may borrow money from the United States ddepartment mof :agriculture or any other federal agency if the loan can be repaid according to its terms by use of the levy authorized by Subsection A of Section 5 73-20-17 NMSA 1978 and the board of supervisors has so determined.

b r e t º o t n = .232192.3AIC January 29, 2026 (5:43pm) s k m e - 5 - e a n e d r e l u [ A d department of agriculture or any other federal agency if the loan can be repaid according to its terms by use of the levy authorized by Subsection A of Section 73-20-17 NMSA 1978 and the board of supervisors has so determined.

The district may also borrow money from the United States department of agriculture or any other federal agency [andif levythe anloan assessmentcan notbe torepaid exceedaccording fiveto dollarsits ($5.00)terms onby eachuse one thousand dollars ($1,000) of net taxable value, as that term is defined in the Propertylevy Tax Code, of property subject to taxation by the district, in addition to others authorized by theSubsection WatershedB District Act, to repay the loan if the board of directorsSection determines73-20-17 theNMSA rate1978." ofSECTION the5. levy required and:

(1) secures the approval of the board of supervisors;

(2) a referendum on the acceptance of the loan h for specified purposes is held;

u » r (3) two-thirds of the landowners voting favor t h g e l i the proposal;

and h r i s (4) the procedures of Sections 73-20-8 through h , e h 73-20-11 NMSA 1978 as to notice, qualifications of voters and t u g e b l e e , gh manner of holding referendum election are followed in the n d d i = = o h referendum held under this section] if the loan can be repaid l ] b ,d i a º r according to its terms by use of the levy authorized by e r = t e w d m a n o Subsection B of Section 73-20-17 NMSA 1978." d m :

b r e t º o t n = .232192.3AIC January 29, 2026 (5:43pm) s k m e - 6 - e a n e d r e l u [ A d SECTION 5.

After approval of the budgetbudget, [by the board of supervisors ], the board of [directors] supervisors shall, by order or resolution, levy an assessment sufficient to meet the budget, not to exceed five dollars ($5.00), or any lower maximum amount required by operation of the rate limitation provisions of Section 7-37-7.1 NMSA 1978 upon the assessment authorized by this section, on each one thousand dollars HB 108/a Page 5 ($1,000) of net taxable value, as that term is defined in the Property Tax Code, of all real property subject h to taxation within the district, except that the limit on u » r assessments does not apply to any levy necessary to provide a t h g e l i sinking 5 fund for retirement of bonds authorized by Section h r i s 73-20-13 NMSA 1978.

If a watershed district lies within more h , e h than one soil and water conservation district, the board of t u g e b l e e , gh supervisors in each soil and water conservation district shall n d d i = = o h approve of the budget submitted by the watershed district l ] b ,d i a º r before an assessment may be levied pursuant to this subsection.

eA rcopy =of tthe ebudget wand dorder mor aresolution nshall obe Acertified copyto the county assessor of the budgetcounty or counties involved and orderto orthe resolutiondepartment shallof befinance certifiedand dadministration mby :July 15 of each year.

b r e t º o t n = .232192.3AIC January 29, 2026 (5:43pm) s k m e - 7 - e a n e d r e l u [ A d to the county assessor of the county or counties involved and to the department of finance and administration by July 15 of each year.

(1) a referendum on the acceptance of the loan for specified purposes is held by the board of HB 108/a Page 6 supervisors;

and (3) the procedures of HAAWCºSections 73-20-8 h through 73-20-11 NMSA 1978 as to notice, qualifications of u » r voters and manner of holding a referendum election are followed t h g e l i in the referendum held pursuant to this subsection»HAAWC h r i s HAAWCºthe Local Election Act 5 or the Special Election Act as h , e h well as local government ballot question election provisions in t u g e b l e e , gh the Election Code are followed as to notice, qualifications of n d d i = = o h voters and manner of holding a tax authorization election are l ] b ,d i a º r followed in the referendum held pursuant to this esubsection." rSECTION =6. t e w d m a n o subsection»HAAWC ." d m :

b r e t º o t n = .232192.3AIC January 29, 2026 (5:43pm) s k m e - 8 - e a n e d r e l u [ A d SECTION 6.

The county assessor shall compute the assessment due the district from each landowner in accordance with the rate fixed by the board of [directors ] supervisors and the value of the real property indicated on the tax roll.

The computation shall be made on the regular tax bills in the manner as may be directed by regulation of the property tax division of the taxation and revenue department." hHB 108/a Page 7 SECTION 7.

Section 73-20-20 NMSA 1978 (being Laws 1957, g o t hr Chapter 210, Section 19, as amended) is amended to read:

g e i k "73-20-20.

EXPENDITURES.--Assessment funds collected h r i s shall be transferred to and held by the treasurer of the h , t, watershed district for the specific purpose for which they have e u g e b l e e h been collected.

All expenditures of such funds shall be made n d d i = = o h by the board of directors upon order and approval of the [board l ] b ,d i a º e approved by the] board of supervisors of the soil and water r i = r t e w d m a n o conservation district [or districts ] involved." dSECTION m8. :

b e d s º o t n = .232192.3AIC January 29, 2026 (5:43pm) s k m e - 9 - e a n e d r e l u [ A d SECTION 8.

borrow money and otherwise contract indebtedness for the purposes of the district and, without limitation of the generality of the foregoing, borrow money and accept grants from the United States or from a corporation or agency created or designated by the United States and, in connection with any such loan or grant, enter into agreements as the United States or the corporation or HB 108/a Page 8 agency may require;

and issue its notes h or obligations therefor and secure the payment thereof by g o t hr mortgage, pledge or deed of trust of all or any of its g e i k property, assets, rights, privileges, licenses, rights of way, h r i s easements, 5 revenues or income;

h , t, E.

option, as optionee and optioner, and acquire, e u g e b l e e h in any manner, real and personal property or any right or n d d i = = o h interest in it;

l ] b ,d i a º e F.

improve, rent, lease and sell district property r i = r t e w d m a n o or any interest in it;

dG. m :

b e d s º o t n = .232192.3AIC January 29, 2026 (5:43pm) s k m e - 10 - e a n e d r e l u [ A d G.

[and ] H.

levy a tax upon request of a watershed district pursuant to the provisions of Section 73-20-17 NMSA 1978." -HB 11108/a -Page »9 g25 o » r h t i k l i g t h s , e h t l i w l b l e e , gh n d l h = = b , a l º d i a r e r = , a t e d m a n o d m :

b r e t º o t n = .232192.3AIC January 29, 2026 (5:43pm) s k m e e a n e d r e l u [ A d