Zero-interest Loans For Flood Damage

Where it is in the process

Plain-English Summary

This bill creates a program for the New Mexico Department of Finance and Administration to offer zero-interest loans to local governments. These loans are for repairing public infrastructure or removing debris damaged by a specific storm in Chaves County on October 19, 2024. Local governments must have federal assistance approval and agree to repay the loans with federal funds within 30 days of receipt.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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