WATER PROJECT FUND APPROPRIATION

SB 29 appropriates $222 million from New Mexico's general fund to the Water Project Fund for authorized water projects during fiscal years 2025 and 2026. The funding supports existing water infrastructure projects approved by the legislature, with any unspent balance at the end of 2026 remaining in the fund rather than returning to the general fund. This bill directly affects state water projects and agencies managing infrastructure, as it provides dedicated funding for their implementation. It is a straightforward funding measure without new policy requirements or eligibility changes.