HB 240 New Mexico House · 2025 Regular Session

DRINKING WATER SYSTEM GRANTS & LOANS

HB 240 expands New Mexico's drinking water funding by allowing the New Mexico Finance Authority to provide grants (not just loans) for constructing or rehabilitating drinking water facilities. It directly affects local water systems, including municipalities, counties, water districts, and community water providers. Key changes include extending loan repayment periods, requiring annual reports from the Finance Authority and Environment Department, and renewing the authority to transfer up to one-third of certain grants into revolving loan funds. The bill modifies existing law to streamline access to capital for water infrastructure upgrades while maintaining federal compliance requirements.

Bill status signed all 5 stages cleared

Introduction

Feb 2025

Committee Review

Mar 2025

House Passage

Mar 2025

Senate Passage

Mar 2025

Signed into Law

Apr 2025

Introduced Feb 3, 2025 Signed Apr 9, 2025

Maddy AI version diff · 1 comparison

What changed between versions

introduced version → Final Version · 6 edits

MODERATE

This bill significantly restructures New Mexico's Drinking Water State Revolving Loan Fund by expanding its purpose to include wastewater facilities, clarifying definitions, and redistributing duties between the Finance Authority and Department of Environment. It also extends repayment periods for loans and allows the Finance Authority to transfer up to one-third of certain grants to the new Wastewater Facility Construction Loan Fund.

Scope change

The bill's scope expanded from solely drinking water facilities to include wastewater facility construction, and duties were redistributed between two state agencies.

SCOPE

Added authority for the New Mexico Finance Authority to provide grants for wastewater facility construction in addition to drinking water facilities.

FISCAL

Allowed the Finance Authority to transfer up to one-third of certain grants to the new Wastewater Facility Construction Loan Fund.

REQUIREMENT

Extended repayment period requirements for loans made under the Drinking Water State Revolving Loan Fund Act.

Required the Finance Authority to provide annual reports on the Drinking Water State Revolving Loan Fund in cooperation with the Department of Environment.

DEFINITION

Updated statutory definitions to reflect the expanded scope, including new definitions for 'drinking water facility construction project' and 'drinking water supply facility'.

ENFORCEMENT

Redistributed duties between the New Mexico Finance Authority and the Department of Environment regarding fund administration and oversight.

Floor votes · Senate Mar 21, 2025 · House Mar 7, 2025

How they voted

37–0

Passed · 3 other

Total votes 40

Mar 21, 2025

D Democratic24

21 Yea 3

87% Yea

R Republican16

16 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 9, 2025

Signed into law

Signed

executive

Mar 21, 2025

Upper · Passed

passed Senate

upper

Mar 17, 2025

Upper · Passed

DO PASS committee report adopted

upper

Mar 7, 2025

Introduced

Sent to Senate Finance Committee

upper

Mar 7, 2025

Lower · Passed

passed House

lower

Mar 5, 2025

Lower · Passed

DO PASS committee report adopted

lower

Feb 14, 2025

Lower · Passed

DO PASS committee report adopted

lower

Feb 3, 2025

Introduced

Sent to House Agriculture, Acequias & Water Resources Committee & House Appropriations & Finance Committee

lower

5 primary · 0 co-sponsors