SB 1 WATER TRUST FUND

Sen Peter Wirth

Actions: [1] SCC/SCONC/SFC-SCC-germane-SCONC [3] DP-SFC

Scheduled: Not Scheduled

 Senate Bill 226849 (SB) transfers one hundred million dollars ($100,000,000) to the Water Trust Fund. 
The Water and Natural Resources Committee asked for the introduction of this bill.
 

 Senate Bill (SB )  transfers one hundred million dollars ($100,000,000) from the General Fund (GF) to the Water Trust Fund for expenditure in Fiscal Year (FY) 2024.
The Water and Natural Resources Committee asked for the introduction of this bill. 

 The Water Trust Fund (WTF) is a constitutionally protected permanent fund created in 2006 with an initial appropriation of $40 million and a subsequent legislative contribution of $15 million in 2007.
The WTF distributes $4 million annually to the state’s Water Trust Board, which authorizes spending these and other state funds on various water infrastructure projects around New Mexico.
https://www.sic.state.nm.us/investments/permanent-funds/water-trust-fund/