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Key Votes

HB 162 - Severance Bonds For Tribal Infrastructure - Key Vote

New Mexico Key Votes

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Severance Bonds For Tribal Infrastructure

Legislation - Bill Passed (Senate) (40-0) -
Legislation - Bill Passed (House) (42-24) - (Key vote)

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).
Legislation - Introduced (House) -

Title: Severance Bonds For Tribal Infrastructure

Sponsors

  • Ben R. Lujan Sr. (NM - D) (Out Of Office)
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