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Committee gives due-pass to annual PPRF project list bill
Summary
The committee recommended passage of Senate Bill 115, the annual list authorizing the New Mexico Finance Authority to make loans under the Public Project Revolving Fund (PPRF); the motion passed unanimously.
The committee voted to give Senate Bill 115 a "do pass" recommendation. The bill, presented by Representative Lundstrom, is the annual authorization bill that provides the New Mexico Finance Authority authority to make loans under its Public Project Revolving Fund (PPRF) and allows projects to be added during the legislative session.
Representative Lundstrom said the Senate substitute added 45 projects and made one technical change. No witnesses opposed the bill on the record. The committee recorded a unanimous roll call and reported the bill favorably.
SB115 will proceed with the committee’s recommendation to the next step in the legislative process.
