The Strategic Water Supply Act establishes a framework for enhancing New Mexico's fresh water resources through the utilization of treated brackish water. The Act creates the Strategic Water Supply Program, which allows the Department of Environment and the Office of the State Engineer to enter into contracts and award grants for eligible projects that meet specific criteria. These projects must comply with various governmental standards, demonstrate economic development benefits, and include a community engagement plan. Additionally, the Act mandates that the agency publish community benefits plans and notify the state investment council about new contracts or grants.

Furthermore, the Act creates the Strategic Water Supply Program Fund, a nonreverting fund in the state treasury, to support the administration of the program. The fund will consist of various financial sources, including appropriations and donations, and will be managed by the Department of Environment. The bill also amends existing law regarding the notice of intention to drill wells, requiring individuals to file a notice with the state engineer and publish it in a local newspaper, ensuring that the proposed water use does not impair existing rights or public welfare.

Statutes affected:
introduced version: 7-1-2, 7-1-8.8, 70-2-12, 70-13-1, 72-12-26
AA substitute: 7-1-2, 7-1-8.8, 70-2-12, 70-13-1, 72-12-26
EN substitute: 72-12-26
Final Version: 72-12-26