The economic stimulus package is working its way slowly through the U.S. Senate, and both New Mexico senators have introduced an amendment that would help communities access the money given to the state.
The amendment would allow the individual states the flexibility to choose to provide grants to municipalities for their water, waste-water or drinking-water projects. The bill currently only allows states to fund State Revolving Fund projects through loans, negative-interest loans or principal subsidies, according to a press release from New Mexico Sens. Jeff Bingaman and Tom Udall, both Democrats, as well as Missouri’s two senators, Republican Kit Bond and Democrat Claire McCaskill. This would otherwise be difficult to do in both states due to language in both states’ constitutions.
“This amendment will help make sure New Mexico’s communities are treated fairly and can make the best use of this critical stimulus funding for water and wastewater projects,” Bingaman said.
Udall said that he was pleased to introduce the amendment “to make vital resources like water more available to rural areas and help get our economy moving again.”
Both Missouri senators said the bill was necessary to get projects in their state done as well.