New Mexico Governor Michelle Lujan Grisham has signed two legislative bills focused on flood recovery and emergency medical services (EMS) funding. The signing took place on Friday, March 28.
Senate Bill 383 has an emergency clause which allows for its immediate implementation. It enables municipalities to issue flood recovery revenue bonds. These funds will be used for rebuilding, repairing, replacing, and hardening municipal properties affected by floods. Additionally, the legislation establishes a municipal flood recovery gross receipts tax to support these bonds financially.
Senate Bill 197 permits the state treasurer to reallocate funds from the Emergency Medical Services Fund to the New Mexico Finance Authority. These redirected funds will offer loans to acquire equipment for improving the emergency medical services system.
“These bills provide critical tools for our municipalities to recover from devastating floods and strengthen our emergency medical services across the state,” Governor Lujan Grisham stated.
