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Committee gives due pass to bill listing projects for public project revolving fund
Summary
Senate Bill 115, the annual projects list for the Public Project Revolving Fund (PPRF), received a due-pass recommendation from the committee; presenters said the bill authorizes the New Mexico Finance Authority to make loans under the PPRF program and was substituted in the Senate to add projects.
The House committee gave a due-pass recommendation to Senate Bill 115, the annual authorization that places projects on the Public Project Revolving Fund list and allows the New Mexico Finance Authority to make loans under the program.
A committee member described the measure as the annual authorization for the Finance Authority’s PPRF loans and said the Senate substitute added projects during the earlier Senate process. The presenter summarized the bill as an annual projects list; no members of the public testified for or against the bill in committee.
Committee members moved and seconded a due-pass recommendation; the committee recorded a roll call and advanced SB115. A committee member who presided over the roll call noted the decision was unanimous.
The bill is a routine, annual authorization used to place eligible projects on the Finance Authority’s lending list.
