Category Archives: Revolving Border Fund

NM Gov. Susana Martinez signs Union Pacific tax bill in Santa Teresa

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New Mexico Governor Susana Martinez spoke Tuesday (April 4th) before signing three bills into law. (Victor Calzada / El Paso Times)

With a stroke of a pen, New Mexico Gov. Susana Martinez on Tuesday started the wheels rolling for a proposed $400 million Union Pacific rail facility in Santa Teresa.

Martinez, appearing in a Santa Teresa warehouse filled with politicians and area business people, signed recently passed state legislation exempting Union Pacific from paying locomotive fuel tax so the railroad company will develop the new facility.

The locomotive fueling station and intermodal freight yard are expected to create 3,000 jobs during four years of construction and bring 600 permanent jobs, Union Pacific officials have said.

Legislative Recap

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HB 24 (Overweight bill):

This bill passed both houses and is sitting on the governor’s desk waiting for her signature.  Because this bill was endorsed by the governor during the session, it is a given that she will sign this.  After signature, this bill will become law on July 1st.