Land Grant-merced Acequia Infrastructure Act

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Plain-English Summary

This bill creates the Land Grant-Merced and Acequia Infrastructure Act, establishing a trust fund and two project funds to provide grants for infrastructure projects. It aims to support land grants-mercedes and acequias (community ditches) in New Mexico by funding improvements to water, wastewater, roads, and other essential infrastructure. The bill also amends existing law to allocate a portion of severance tax bond capacity for these new infrastructure projects.

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