Low-carbon Construction Material Rebate Act

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Plain-English Summary

This bill creates the Low-Carbon Construction Material Rebate Act, establishing a program to offer financial incentives to buyers who purchase construction materials with lower greenhouse gas emissions. It creates a fund and appropriates $25 million to provide rebates for these materials, aiming to reduce the environmental impact of construction projects in New Mexico. The Department of Environment will set emissions benchmarks and administer the program, with limits on rebate amounts per project and statewide.

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