ADDITIONAL HIGHWAY PROJECT BONDING

HB 145 increases New Mexico's bonding authority for highway projects, authorizing up to $1.124 billion in additional bonds. It sets specific limits: $624 million for major infrastructure projects (including those with federal financing history), $100 million for roads tied to the waste isolation pilot project, and $400 million for other highway work. Proceeds would come from state road fund taxes and federal highway reimbursement money, with annual caps on new bond issuance. This directly affects the State Transportation Commission's ability to finance road projects and impacts taxpayers through future bond obligations.