The legislative authorization for a qualifying entity to receive a grant or loan from the water project fund for a project is void three years after that authorization is given, but this provision does not prohibit the legislature from authorizing a project that was previously authorized.
History: Laws 2015, ch. 88, § 2.
Emergency clauses. — Laws 2015, ch. 88, § 3 contained an emergency clause and was approved April 8, 2015.
Structure New Mexico Statutes
Article 4A - Water Project Finance
Section 72-4A-1 - Short title.
Section 72-4A-2 - Findings and purpose.
Section 72-4A-3 - Definitions.
Section 72-4A-4 - Water trust board created.
Section 72-4A-5 - Board; duties.
Section 72-4A-5.1 - Implementation of state water plan.
Section 72-4A-6 - Authority; duties.
Section 72-4A-7 - Conditions for grants and loans.
Section 72-4A-8 - Water trust fund; created; investment; distribution.
Section 72-4A-9 - Water project fund; created; purpose.
Section 72-4A-9.1 - Acequia project fund.
Section 72-4A-10 - Report to legislature.
Section 72-4A-11 - Voiding of authorization.