HB308
Type: B Origin: House New Mexico Comments: 0

General Obligation Bonds

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The "General Obligation Bonds" bill proposes the issuance of bonds by the federal government to finance various projects and initiatives. These bonds are backed by the full faith and credit of the government, meaning they are considered low-risk investments. The funds raised through these bonds can be used for infrastructure improvements, public works projects, or other government expenditures. This bill aims to provide a mechanism for raising capital to support important public initiatives while offering investors a secure investment option.

Bill Activity

  • 2024-01-31: Sent to HTRC - Referrals: HTRC

  • 2024-02-05: HTRC: Reported by committee with Do Pass recommendation

  • 2024-02-07: Passed in the House of Representatives - Y:67 N:0

  • 2024-02-08: Sent to SFC - Referrals: SFC

  • 2024-02-13: SFC: Reported by committee with Do Pass recommendation

  • 2024-02-14: Passed in the Senate - Y:39 N:0

  • 2024-03-06: Signed by Governor - Chapter 64 - Mar. 6

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