In 2001, the New Mexico legislature passed the Water Project Finance Act. The stated purpose of the Water Project Finance Act is to provide a financing mechanism to promote water use efficiency, water resource conservation and protection, and fair distribution and allocation of water to all users. The Water Trust Board was created in the Act. Its purpose is to: 1) oversee and administer the Water Trust Fund and Water Project Fund; 2) review and recommend funding for qualifying water projects to the legislature; and 3)pursue additional funding opportunities.
Hilton, Joanne and Darcy S. Bushnell. "Water Trust Board." Water Matters! 2015, 1 (2015): 28-1-28-7. https://digitalrepository.unm.edu/utton_watermatters/vol2015/iss1/33
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2009, updated 2014 by Darcy Bushnell