2022 HB 4 Hydrogen Hub Development Act

Description

HB 4 allows public-private partnerships (PPP) to establish hydrogen hubs; outlines criteria for hydrogen hubs; outlines process for establishing PPP; creates a hydrogen hub development board and outlines duties; outlines approval process for hydrogen hub projects; tasks the New Mexico Finance Authority with administration and oversight; creates a hydrogen hub project fund; authorizes fund to award up to $250K grants; establishes revenue bonding authority; established refunding bond authority; creates an annual reporting requirement; creates (individual and corporate) hydrogen production and energy generation tax credits; allows for variable GRT deductions based on type of hydrogen produced; tasks the Dept. of the Environment with evaluation and analysis projects; calls for Environmental Improvement Board rules to be promulgated by July 1, 2024; enacts procurement code exemptions; amends the Rural Electric Cooperative and Renewable Energy Acts to include hydrogen projects; specifies methane as a responsibly sourced gas in hydrogen production.

Outcome

HB 4 was tabled and died in House Energy, Environment, and Natural Resources Committee.


How Legislators Voted on HB 4


  • = Pro Conservation Vote
  • = Anti Conservation Vote
  • A = Absent
  • E = Excused
  • R = Recused
  • W = Abstain
Legislator Party District Office Conservation
Vote
Year
Garcia, Miguel P. (D) D 14 Representative 2022
McQueen, Matthew (D) D 50 Representative 2022
Montoya, Rod (R) R 1 Representative 2022
Scott, Larry R. (R) R 62 Representative 2022
Strickler, James R.J. (R) R 2 Representative 2022
Townsend, James G. (R) R 54 Representative 2022
Herndon, Pamelya (D) D 28 Representative 2022
Ortez, Kristina (D) D 42 Representative 2022
Sariñana, Debra M. (D) D 21 Representative 2022
Dixon, Meredith A. (D) D 20 Representative 2022
Barreras, Brittany (D) D 12 Representative E 2022