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NMFA-backed bill authorizes loans and grants for 113 water projects
House Appropriations and Finance Committee · February 9, 2026
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Summary
House Bill 63, presented as an NMFA-sponsored emergency measure, authorizes loans and grants from the Water Project Fund for 113 projects recommended by the Water Trust Board. NMFA told the committee requests total about $522 million while roughly $335 million is available; committee moved to pass the bill.
Representative Garrett presented House Bill 63 (emergency clause), describing it as an NMFA-endorsed bill to authorize loans or grants from the Water Project Fund for 113 projects sought by 75 public entities. Marquita Russell, CEO of the New Mexico Finance…
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