Sat Mar 8 5:02PM - 13 days, 17 hours left in session

House Bill 289

Geothermal Projects Development Fund [view on nmlegis.gov]

Financial Analysis: FIR


Sponsors
Rep. Patricia Roybal Caballero 13 Bernalillo
Sen. Elizabeth "Liz" Stefanics 39 San Miguel, Santa Fe, Torrance & Valencia
Rep. Tara L. Lujan 48 Santa Fe

Status
HousePassed, Mar 6, 35-23
SCONC[Referred, not scheduled]
SFC


"Official" History

This is the official nmlegis action history. I'm doing my best to translate the LONG/WEIRD-STRING to something less gibberishy. And before you ask, no, the "Legis Day" number has no mapping to the real world.

Actions: [4] HENRC/HAFC-HENRC [5] DP-HAFC [11] DP/a [13] PASSED/H (35-23)- SCONC/SFC-SCONC

Legis DayActionDetails
4 referred HENRC/HAFC
4 sent HENRC
5 passed HENRC (view committee report) DP 6-4; nays: Henry, Montoya, Murphy, Sena Cortez
5 sent HAFC
11 passed HAFC (view committee report) DP/a 8-6; nays: Baca, Chatfield, Dow, Duncan, Pettigrew, Vincent
13 passed House 35-23
13 referred SCONC/SFC
13 sent SCONC



This table shows bill actions detected on Ed's system, using heuristics that may not be 100% accurate and which may not reflect the "official" nmlegis chronology. It is probably more than you care to know.

Feb 5 filed: [Prefiled by Patricia Roybal Caballero; not yet on nmlegis]
[new]
sent to HENRC
title: '[prefiled by Patricia Roybal Caballero; Not Yet on Nmlegis]' -> 'Geothermal Projects Development Fund'
actions: 'HPREF' -> '[4] HENRC/HAFC-HENRC'
new sponsor: Patricia Roybal Caballero
Feb 11 scheduled for HENRC on Thu Feb 13, 08:30
Feb 13 passed HENRC; sent to HAFC
actions: '[4] HENRC/HAFC-HENRC' -> '[4] HENRC/HAFC-HENRC [5] DP-HAFC'
Feb 14 new sponsor: Elizabeth "Liz" Stefanics
Feb 27 added to HAFC agenda on Fri Feb 28, 13:30
Mar 1 passed HAFC; sent to Speaker's Table
actions: '[4] HENRC/HAFC-HENRC [5] DP-HAFC' -> '+ [11] DP/a-T'
Mar 2 on House calendar for Mon Mar 3, 10:30
Mar 3 actions: '[4] HENRC/HAFC-HENRC [5] DP-HAFC [11] DP/a-T' -> '[4] HENRC/HAFC-HENRC [5] DP-HAFC [11] DP/a'
on House calendar for Tue Mar 4, 10:30
Mar 4 on House calendar for Wed Mar 5, 10:30
Mar 5 on House calendar for Thu Mar 6, 10:30
Mar 6 passed House
actions: '[4] HENRC/HAFC-HENRC [5] DP-HAFC [11] DP/a' -> '+ [13] PASSED/H (35-23)'
new sponsor: Tara L. Lujan
Mar 7 referred to SCONC/SFC; sent to SCONC
actions: '[4] HENRC/HAFC-HENRC [5] DP-HAFC [11] DP/a [13] PASSED/H (35-23)' -> '+- SCONC/SFC-SCONC'

HOUSE BILL 289

57th legislature - STATE OF NEW MEXICO - first session, 2025

INTRODUCED BY

Patricia Roybal Caballero and Elizabeth "Liz" Stefanics

and Tara L. Lujan

 

 

 

 

AN ACT

RELATING TO GEOTHERMAL RESOURCES; AMENDING THE PROVISIONS OF THE GEOTHERMAL PROJECTS DEVELOPMENT FUND; MAKING AN APPROPRIATION.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. Section 71-9-12 NMSA 1978 (being Laws 2024, Chapter 55, Section 4) is amended to read:

     "71-9-12. GEOTHERMAL PROJECTS DEVELOPMENT FUND CREATED--STUDY GRANTS--PROJECT GRANTS--ANNUAL REPORT.--

          A. The "geothermal projects development fund" is created in the state treasury. The fund consists of appropriations, income from investment of the fund and any other money distributed or otherwise allocated to the fund. Balances in the fund at the end of any fiscal year shall not revert to the general fund. The division shall administer the fund. Money in the fund is subject to appropriation by the legislature.

          B. Money in the geothermal projects development fund may be used to make grants of up to two hundred fifty thousand dollars ($250,000) for the purposes of studying the costs and benefits of a proposed geothermal development project as approved by the secretary of energy, minerals and natural resources.

          C. Money in the geothermal projects development fund may be used to provide grants for financing a geothermal development project approved by the secretary of energy, minerals and natural resources.

          D. Except as provided in Subsection E of this section, money in the geothermal projects development fund may be used pursuant to Subsections B and C of this section only for grants to a political subdivision of the state, [or to] a state university or other entities that participate in a competitive bidding process conducted in accordance with the Procurement Code, for a geothermal development project.

          E. Money in the geothermal projects development fund may be used for grants to an Indian nation, tribe or pueblo for the development of a geothermal development project only if the grant application is approved by the secretary of energy, minerals and natural resources.

          F. Geothermal development projects approved for a grant by the secretary of energy, minerals and natural resources under this section shall not be exempt from any required permits or permissions under New Mexico or United States law.

          G. Money in the geothermal projects development fund may be used for administrative and reimbursable costs incurred by the energy, minerals and natural resources department.

          H. Disbursements from the geothermal projects development fund shall be made by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of energy, minerals and natural resources or the secretary's authorized representative.

          I. By December 1, 2024, and by December 1 of each year thereafter, the secretary of energy, minerals and natural resources shall provide a report to the governor, the legislative finance committee and the library of the legislative council service regarding:

                (1) grants approved by the secretary pursuant to Subsections B and C of this section;

                (2) the status of studies funded in part by grants made pursuant to Subsection B of this section;

                (3) the status of projects funded in part by grants made pursuant to Subsection C of this section;

                (4) money used for administrative and reimbursable costs pursuant to Subsection G of this section; and

                (5) the status of the geothermal projects development fund."

     SECTION 2. APPROPRIATION.--Twenty million dollars ($20,000,000) is appropriated from the general fund to the geothermal projects development fund for expenditure in fiscal year 2026 and subsequent fiscal years. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

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Legislators: Democratic sponsorship Republican sponsorship Bipartisan sponsorship This indicates your legislator
(Highlights bills they sponsor, committees they sit in)
Bill Rows: Active -- hearings scheduled (NN) - sequence number in agenda Inactive -- no hearings scheduled
Bill Progress: Passed Failed Vote Tabled
Incomplete Data: Heard(?)
(was scheduled for hearing recently)
Heard Long Ago
(was scheduled for hearing many days ago)
(There is very little I can do about these because nmlegis.gov does not report real-time results)

This site pulls data from nmlegis.gov but is in no way associated with that site or the state of New Mexico. It's just a labor of love by Ed.

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