HB 330 (García, Jaramillo, Martínez) is scheduled to be heard in the House Taxation and Revenue Committee (HTRC) on February 28, 2025, 8:30am in Room 317. You can also participate via zoom following instructions on the HTRC Agenda.
HB 330 will create a Land Grant-Merced Fund and an Acequia Infrastructure fund by earmarking 2.2 percent of the severance tax bond capacity to fund qualifying Land Grant-Merced and Acequia infrastructure projects.
If passed, this bill would be a historic step forward in addressing the needs of land grant and acequia communities. Land grants can invest in critically needed projects and acequias can repair and improve irrigation infrastructure. Currently, acequia infrastructure projects have an unmet need of over $75 million. The creation of this funding mechanism will help to maintain our traditional ways of life in New Mexico and strengthen our rural economies.
Committee: House Taxation & Revenue Committee
Date: Friday, February 28, 2025
Time: 8:30am
In Person: Room 317
Online: https://us02web.zoom.us/j/84092015982
Phone:1 253 205 0468 Webinar ID: 840 9201 5982
Click Here to view the HRTC Agenda. |