New Mexico 2020 Regular Session Status: Enacted 2 D cosponsors

HB 27 — PUBLIC PROJECT REVOLVING FUND PROJECTS

Last action — Signed

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

This bill has been enacted into law. Introduced December 16, 2019. Enacted.

Prognosis

Advancing 56% · 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.

  • 3 sponsors

    3 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 D).

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

133 added · 204 removed

Plain-language change summary

The updated version of HB 27 now includes specific authorization for the New Mexico Finance Authority to provide loans from the Public Project Revolving Fund for public projects, such as those proposed by the Dulce Independent School District and the Eastern New Mexico Water Utility Authority. This change is significant because it allows these entities to access funding for essential infrastructure and development projects without needing separate approval for smaller loans, making it easier for them to proceed with important initiatives quickly.

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HOUSE BILL 27 54TH LEGISLATURE - STATEOFNEWMEXICO- SECOND SESSION , 2020 INTRODUCED BY Patricia A.
AN ACT RELATING TO FINANCE;
Lundstrom and Sheryl Williams Stapleton and Roberto "Bobby” J.
AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO MAKE LOANS FOR PUBLIC PROJECTS FROM THE PUBLIC PROJECT REVOLVING FUND;
Gonzales This document incorporates amendments that have been adopted during the current legislative session.
The document is a tool to show the amendments in context and is not to be used for the purpose of amendments.
ENDORSED BY THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE AN ACT RELATING TO FINANCE;
AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO MAKE LOANS FOR PUBLIC PROJECTS FROM THE PUBLIC h PROJECT REVOLVING FUND;
g o t hr g e i k BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
h r i s SECTION 1.
SECTION 1.
AUTHORIZATION OF PROJECTS.--Pursuant to h , t, Section 6-21-6 NMSA 1978, the legislature authorizes the New e u g e b l e e h Mexico finance authority to make loans from the public project n d d i = = o h revolving fund for public projects as defined in Section 6-21-3 l ] b ,d i a º e NMSA 1978.
AUTHORIZATION OF PROJECTS.--Pursuant to Section 6-21-6 NMSA 1978, the legislature authorizes the New Mexico finance authority to make loans from the public project revolving fund for public projects as defined in Section 6-21-3 NMSA 1978.
Pursuant to Section 6-21-6 NMSA 1978, loans of one r i = r t e w d m a n o million dollars ($1,000,000) or less do not require specific d m :
Pursuant to Section 6-21-6 NMSA 1978, loans of one million dollars ($1,000,000) or less do not require specific authorization and need not be identified in this act.
b e d s º o t n = .216144.1SAAIC February 8, 2020 (12:03pm) s k m e e a n e d r e l u [ A d authorization and need not be identified in this act.
3.
HB 27/a Page 1 3.
Luna county for building, equipment, h infrastructure, debt refinance, road, land acquisition, water, u » r t h wastewater, water rights and solid waste projects;
Luna county for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
g e l i 5.
5.
Navajo technical university in McKinley county h r i s for building, equipment, infrastructure, debt refinance, road, h , e h t u g land acquisition, water, wastewater, water rights and solid e b l e e , gh waste projects;
Navajo technical university in McKinley county for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
n d d i = = o h 6.
6.
the board of regents of New Mexico institute of l ] b ,d i a º r mining and technology in Socorro county for building, e r = t e w d m a n o equipment, infrastructure, debt refinance, road, land d m :
the board of regents of New Mexico institute of mining and technology in Socorro county for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
b r e t º o t n = .216144.1SAAIC February 8, 2020 (12:03pm) s k m e - 2 - e a n e d r e l u [ A d acquisition, water, wastewater, water rights and solid waste projects;
the board of regents of New Mexico state university in Dona Ana county for the arrowhead center for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
the board of regents of New Mexico state university in Dona Ana county for the arrowhead center for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid HB 27/a Page 2 waste projects;
the governing board of Mesalands community college in Quay county for building, equipment, infrastructure, h g debt refinance, road, land acquisition, water, wastewater, o t hr water rights and solid waste projects;
the governing board of Mesalands community college in Quay county for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
g e i k 11.
11.
the city of Rio Communities in Valencia county h r i s for building, equipment, infrastructure, debt refinance, road, h , t, e u g land acquisition, water, wastewater, water rights and solid e b l e e h waste projects;
the city of Rio Communities in Valencia county for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
HAFCº and»HAFC n d d i = = o h 12.
12.
the school of dreams academy in Valencia county l ] b ,d i a º e r i = r for building, equipment, infrastructure, debt refinance, road, t e w d m a n o land acquisition, water, wastewater, water rights and solid d m :
the school of dreams academy in Valencia county for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
b e d s º o t n = .216144.1SAAIC February 8, 2020 (12:03pm) s k m e - 3 - e a n e d r e l u [ A d waste projects HAFCº.»HAFC HAFCº;»HAFC HAFCº 13.
13.
el camino real academy charter school in Bernalillo county for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
el camino real academy charter school in HB 27/a Page 3 Bernalillo county for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
the board of regents of the university of New h u Mexico for building, equipment, infrastructure, debt refinance, » r t h road, land acquisition, water, wastewater, water rights and g e l i solid waste projects;
the board of regents of the university of New Mexico for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects;
and h r i s h , 18.
and 18.
the board of regents of the university of New e h t u g Mexico for the university of New Mexico health sciences center e b l e e , gh for building, equipment, infrastructure, debt refinance, road, n d d i = = o h l ] b ,d land acquisition, water, wastewater, water rights and solid i a º r e r = waste projects.»HAFC t e w d m a n o d m :
the board of regents of the university of New Mexico for the university of New Mexico health sciences center for building, equipment, infrastructure, debt refinance, road, land acquisition, water, wastewater, water rights and solid waste projects.
b r e t º o t n = .216144.1SAAIC February 8, 2020 (12:03pm) s k m e - 4 - e a n e d r e l u [ A d SECTION 2.
SECTION 2.
VOIDING OF AUTHORIZATION.--If a qualified entity listed in Section 1 of this act has not certified to the New Mexico finance authority by the end of fiscal year 2023 its desire to continue to pursue a loan from the public project revolving fund for a public project listed in that section, the legislative authorization granted to the New Mexico finance authority by Section 1 of this act to make a loan from the public project revolving fund to that qualified entity for that public project is void.
VOIDING OF AUTHORIZATION.--If a qualified entity listed in Section 1 of this act has not certified to the New Mexico finance authority by the end of fiscal year its desire to continue to pursue a loan from the public project revolving fund for a public project listed in that section, the legislative authorization granted to the New Mexico finance authority by Section 1 of this act to make a loan from the public project revolving fund to that qualified entity for that public project is void.
SECTION 3.
HB 27/a Page 4 SECTION 3.
- 5 - h u » r t h g e l i h r i s h , e h t u g e b l e e , gh n d d i = = o h l ] b ,d i a º r e r = t e w d m a n o d m :
HB 27/a Page 5 5 7 9 25
b r e t º o t n = .216144.1SAAIC February 8, 2020 (12:03pm) s k m e e a n e d r e l u [ A d
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Action History

  1. Signed

  2. passed Senate

  3. DO PASS committee report adopted

  4. Sent to Senate Finance Committee

  5. passed House

  6. DO PASS, as amended, committee report adopted

  7. Sent to House Appropriations & Finance Committee

  8. Sent to House Pre-file

Sponsors

Sponsorship breakdown

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3 sponsors · 0 co-sponsors · 109 not signed on

Sponsors (3)

Co-sponsors (0)

None.

Not signed on (109)

109 members have not signed on to this bill.

Show all 109 →

"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
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Frequently asked questions

Who sponsors HB 27?
HB 27 is sponsored by Stapleton, Sheryl Williams, Patricia A. Lundstrom (Democrat), and Anita Gonzales (Democrat).
What is the current status of HB 27?
This bill has been enacted into law. Introduced December 16, 2019. Enacted.
Where can I track HB 27?
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