INDEBTEDNESS LIMIT OF ARROYO FLOOD CONTROL

SB 100 increases the maximum allowable debt for the Albuquerque Metropolitan Arroyo Flood Control Authority from $80 million to $120 million. This change directly affects the authority, allowing it to borrow more money for flood control infrastructure projects without needing additional voter approval for amounts up to the new limit. The key provision modifies the existing statute (Section 72-16-44) to raise the debt ceiling, requiring state legislative approval only if the authority exceeds $120 million in outstanding debt. The bill became effective July 1, 2025, after passing the legislature and being signed into law.