HB 162 - Severance Bonds For Tribal Infrastructure - New Mexico Key Vote
Karen Giannini voted Nay (Passage) on this Legislation.
Timeline
- Executive Signed
- March 5, 2010
- Senate Bill Passed
- Feb. 17, 2010
- House Bill Passed
- Feb. 9, 2010
- Introduced
- Jan. 25, 2010
Related Issues
Stage Details
Title: Severance Bonds For Tribal Infrastructure
Signed by Governor Bill Richardson
Title: Severance Bonds For Tribal Infrastructure
Vote Smart's Synopsis:
Vote to pass a bill that allocates 5 percent of the bonding capacity from severance tax bonds to tribal infrastructure projects.
Highlights:
-Requires 10 percent of bonding capacity of the severance tax bond to be used for water projects (Sec. 1). -Specifies that any unexpended proceeds from severance tax bonds issued for water projects or tribal infrastructure projects will revert to the severance tax bonding fund within 6 months of completion of the project (Sec. 1). -Specifies that this act will become effective on July 1, 2011 (Sec. 3).
Title: Severance Bonds For Tribal Infrastructure