CLEANUP OF CONTAMINATED SITES

SB 260 appropriates $50 million from the state general fund to New Mexico's Department of Environment for assessing and cleaning up abandoned or neglected contaminated sites, including former uranium mines, where no responsible party exists to pay for cleanup. The funding is available for use over fiscal years 2026 through 2028, with any unspent balance reverting to the general fund by the end of 2028. This bill directly affects state taxpayers through the funding mechanism and communities near contaminated sites by enabling cleanup actions that lack private funding. The key provision is the dedicated state funding to address environmental hazards at sites with no viable cleanup funding source.