Section 71-10-9 – Bonds not obligation of the state or a county.
Except as otherwise provided in the Electric Generating Facility Economic District Act, all bonds or other obligations issued pursuant to that act are payable solely from the revenues of the district that may be pledged to the payment of such obligations, and the bonds or other obligations shall not create an obligation, debt or liability […]
Section 71-10-10 – Dissolution.
The governing body of the county that formed the district and the governing bodies of any counties that have become part of the district may, by majority vote, agree to unwind and dissolve the district and dismiss the authority members if they find the district is not meeting the needs of the community in creating […]
Section 71-10-11 – Limitation of applicability.
No provision of the Electric Generating Facility Economic District Act or Section 12 [71-10-12 NMSA 1978] of this 2020 act shall affect an operating coal-fueled electric generating facility that is owned by a non-investor-owned electric utility or a coal-fueled electric generating facility that is owned by a non-investor-owned electric utility and has been or is […]
Section 71-11-1 – Grid modernization roadmap and grant program.
A. The energy, minerals and natural resources department shall develop a roadmap for grid modernization that shall detail priorities and strategies to modernize New Mexico’s electric grid. B. The department shall establish a grid modernization grant program to support implementation of a modern grid by providing grants to eligible projects proposed by: (1) municipalities and […]
Section 71-11-2 – Grid modernization grant fund; created.
The “grid modernization grant fund” is created in the state treasury. The fund consists of appropriations, gifts, grants and donations. The energy, minerals and natural resources department shall administer the fund, and money in the fund is subject to appropriation by the legislature to the department for the purpose of administering the grid modernization grant […]
Section 71-9-10 – Water rights owner; action for impairment.
In addition to the appeal rights pursuant to Section 9 [71-9-9 NMSA 1978] of the Geothermal Resources Development Act, a water rights owner may bring a de novo action in the district court in which the water rights are located for damages or injunctive relief with respect to any claimed impairment of existing water rights […]
Section 71-9-11 – Transfer of administration of rules, orders and permits.
All rules, orders, permits and administrative determinations of the oil conservation division of the energy, minerals and natural resources department or oil conservation commission issued pursuant to the Geothermal Resources Conservation Act [repealed] that existed prior to the effective date of the Geothermal Resources Development Act shall be administered by the energy conservation and management […]
Section 71-10-1 – Short title.
Sections 1 through 11 [71-10-1 to 71-10-11 NMSA 1978] of this act may be cited as the “Electric Generating Facility Economic District Act”. History: Laws 2020, ch. 78, § 1. ANNOTATIONS Emergency clause. — Laws 2020, ch. 78, § 13 contained an emergency clause and was approved March 9, 2020.
Section 71-10-2 – Definitions.
As used in the Electric Generating Facility Economic District Act: A. “authority” means the governing body of a district; and B. “district” means an electric generating facility economic district governed by an authority. History: Laws 2020, ch. 78, § 2. ANNOTATIONS Emergency clause. — Laws 2020, ch. 78, § 13 contained an emergency clause and […]
Section 71-10-3 – Creation of a district.
A county may form a district: A. the initial boundaries of which lie within the jurisdiction of the county; and B. that includes an operating coal-fueled electric generating facility that is owned by a non-investor-owned electric utility or a coal-fueled electric generating facility that is owned by a non-investor-owned electric utility and has been or […]