Resulting utility cost savings and conservation-related cost savings, income from lands granted for the use of certain institutions and public buildings and deposited in income funds for such institutions and buildings pursuant to Section 19-1-17 NMSA 1978 or special funds of institutions may be appropriated and pledged for payments pursuant to a guaranteed utility savings contract or related lease-purchase agreement or installment payment contract pursuant to the Public Facility Energy Efficiency and Water Conservation Act. Money appropriated for that purpose shall be deposited in a special fund or account of the institution or fund and that revenue and no other revenue shall be pledged for payments pursuant to the Public Facility Energy Efficiency and Water Conservation Act.

History: Laws 1993, ch. 231, § 10; 1997, ch. 42, § 11; 1999, ch. 257, § 4; 2001, ch. 247, § 10; 2009, ch. 138, § 4.

The 2009 amendment, effective July 1, 2009, at the beginning of the section, added "Resulting utility cost savings and conservation-related cost savings"; and deleted former Subsection D, which provided for the pledge of resulting utility cost savings or conservation-related cost savings for payment under a contract.

The 2001 amendment, effective June 15, 2001, inserted the Subsection A designation and added Subsection B; in Subsection A, substituted "Public Facility" for "Public Building" in two places and inserted "except as provided in Subsection B of this section".

The 1999 amendment, effective June 18, 1999, inserted "and special funds of institutions" preceding "may be" and substituted "pledged for" for "used to make such" near the end of the section.

The 1997 amendment, effective June 20, 1997, in the first sentence, substituted "utility" for "energy" and inserted "and Water Conservation", and in the second sentence, inserted "pursuant" and inserted "and Water Conservation".