House Bill 241 (HB 241) requires the board to set aside ten percent of an allocation for qualifying water projects from the Water Project Fund for qualifying water projects that serve mutual domestic water systems in urgent need.
Synopsis: The House Agriculture and Water Resources Committee introduced a committee substitute for HB 241 (CS/HB 241 HAWC) providing that ten percent of available water project funds be dedicated to projects that serve certain mutual domestic water associations.
House Bill 241 (HB 241) modifies Section 72-4A-5 NMSA 1978 to require the Water Trust Board to set aside ten percent of the annual amount allocated from the Water Trust Fund as grants for qualifying water projects that serve mutual domestic water systems in urgent need. It directs the board to adopt rules to govern the terms and conditions of these grants. It requires no matching funds from the mutual domestic water systems for these grants.
HB 241 does not compel these mutual domestic water systems to be part of an accepted regional water planning area in order to receive priority points. Although it requires these funding recipients to obtain all requisite state and federal permits and necessary authorizations as part of the grant authorization, HB 241 allows the funding proceeds to be used to acquire the necessary permits if approved.
HB 241 defines mutual domestic water system in urgent need.