Matching Funds For Floodplain Land Rehab

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Plain-English Summary

This bill appropriates $62 million from New Mexico's general fund to the Department of Finance and Administration for fiscal years 2027-2029. These funds will provide state matching money to local governments that have received federal aid. The purpose is to help these local governments buy and restore floodplain land back to its natural state, especially if the land poses a risk to people or public buildings due to floods.

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