New Mexico 2025 Regular Session

New Mexico Senate Bill SB49 Compare Versions

Only one version of the bill is available at this time.

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28	28	SENATE BILL 49
29	29	57
30	30	TH LEGISLATURE
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33	33	STATE
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35	35	OF
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39	39	MEXICO
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42	42	FIRST SESSION
43	43	,
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45	45	2025
46	46	INTRODUCED BY
47	47	Mimi Stewart
48	48	AN ACT
49	49	MAKING APPROPRIATIONS AND TRANSFERS FROM THE COMMUNITY BENEFIT
50	50	FUND CONTINGENT ON ENACTMENT OF THE FUND DURING THE FIRST
51	51	SESSION OF THE FIFTY-SEVENTH LEGISLATURE AND THE PROVISION OF
52	52	FUNDING FOR THE FUND.
53	53	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
54	54	SECTION 1. APPROPRIATION--COMMUNITY BENEFIT FUND TO THE
55	55	ECONOMIC DEVELOPMENT DEPARTMENT.--Forty million dollars
56	56	($40,000,000) is appropriated from the community benefit fund
57	57	to the economic development department for expenditure in
58	58	fiscal years 2026 through 2028 to assist in diversifying and
59	59	promoting the state's economy by fostering economic development
60	60	opportunities unrelated to fossil fuel development or use and
61	61	prioritizing projects from target industries, including
62	62	aerospace, biosciences, creative industries, cybersecurity,
63	63	.229719.1 underscored material = new
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90	90	film and television, outdoor recreation, sustainable and
91	91	value-added agriculture, intelligent manufacturing, global
92	92	trade and sustainable and green industries. Any unexpended or
93	93	unencumbered balance remaining at the end of fiscal year 2028
94	94	shall revert to the community benefit fund.
95	95	SECTION 2. TRANSFER--COMMUNITY BENEFIT FUND TO THE
96	96	COMMUNITY ENERGY EFFICIENCY DEVELOPMENT BLOCK GRANT FUND.--
97	97	Twenty million dollars ($20,000,000) is transferred from the
98	98	community benefit fund to the community energy efficiency
99	99	development block grant fund.
100	100	SECTION 3. TRANSFER--COMMUNITY BENEFIT FUND TO THE GRID
101	101	MODERNIZATION GRANT FUND.--One hundred million dollars
102	102	($100,000,000) is transferred from the community benefit fund
103	103	to the grid modernization grant fund.
104	104	SECTION 4. TRANSFER--COMMUNITY BENEFIT FUND TO THE
105	105	TRANSPORTATION PROJECT FUND.--Fifty million dollars
106	106	($50,000,000) is transferred from the community benefit fund to
107	107	the transportation project fund for transportation-related
108	108	projects that reduce the use of combustion engine vehicles,
109	109	including for bicycle and pedestrian infrastructure and
110	110	pedestrian safety.
111	111	SECTION 5. APPROPRIATION--COMMUNITY BENEFIT FUND TO THE
112	112	STATE SUPPLEMENTAL LAND AND WATER CONSERVATION FUND.--Five
113	113	million dollars ($5,000,000) is appropriated from the community
114	114	benefit fund to the state supplemental land and water
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143	143	conservation fund for expenditure in fiscal years 2026 through
144	144	2028 for the purposes of the Outdoor Recreation Act. Any
145	145	unexpended or unencumbered balance remaining at the end of
146	146	fiscal year 2028 shall revert to the community benefit fund.
147	147	SECTION 6. APPROPRIATION--COMMUNITY BENEFIT FUND TO THE
148	148	ENERGY, MINERALS AND NATURAL RESOURCES DEPARTMENT.--Forty
149	149	million dollars ($40,000,000) is appropriated from the
150	150	community benefit fund to the energy, minerals and natural
151	151	resources department for expenditure in fiscal years 2026
152	152	through 2028 to provide competitive grants to entities to
153	153	develop or enhance energy efficiency technology, renewable
154	154	energy technology, batteries and other systems capable of
155	155	retaining, storing and delivering energy by chemical, thermal,
156	156	mechanical or other means and any interconnection equipment
157	157	required to safely interconnect these systems with the electric
158	158	grid. Any unexpended or unencumbered balance remaining at the
159	159	end of fiscal year 2028 shall revert to the community benefit
160	160	fund.
161	161	SECTION 7. APPROPRIATION--COMMUNITY BENEFIT FUND TO THE
162	162	WORKFORCE SOLUTIONS DEPARTMENT.--Twenty-five million dollars
163	163	($25,000,000) is appropriated from the community benefit fund
164	164	to the workforce solutions department for expenditure in fiscal
165	165	years 2026 through 2028 in consultation with the higher
166	166	education department to provide individuals training in
167	167	non-extractive industries and to provide extractive industry
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196	196	workers with training that will enhance their skill set to
197	197	transition to non-extractive industries. Any unexpended or
198	198	unencumbered balance remaining at the end of fiscal year 2028
199	199	shall revert to the community benefit fund.
200	200	SECTION 8. APPROPRIATION--COMMUNITY BENEFIT FUND TO THE
201	201	PUBLIC SCHOOL FACILITIES AUTHORITY.--Sixty million dollars
202	202	($60,000,000) is transferred from the community benefit fund to
203	203	the public school facilities authority for expenditure in
204	204	fiscal years 2026 through 2028 to cover electric vehicle
205	205	charging infrastructure for school districts and the difference
206	206	in cost between upgrading from diesel-fueled school buses to
207	207	electric school buses. Any unexpended or unencumbered balance
208	208	remaining at the end of fiscal year 2028 shall revert to the
209	209	community benefit fund.
210	210	SECTION 9. CONTINGENT EFFECTIVE DATE.--The effective date
211	211	of the provisions of this act is contingent on enactment of a
212	212	fund deemed the "community benefit fund" during the first
213	213	session of the fifty-seventh legislature and the provision of
214	214	funding for the fund sufficient to meet the appropriations and
215	215	transfers made pursuant to this act.
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217	217	.229719.1