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HB 180·NM·house

USE OF EMERGENCY FUNDS & DISASTERS

VetoedFiled Jan 27, 2026
Sponsor: Vincent, Harlan
Latest Action

Vetoed

Mar 11, 2026

Summary

The bill creates several state reserve accounts—including a general fund operating reserve, a tax stabilization reserve, an appropriation contingency fund, a natural disaster revolving fund, and an executive order for disasters fund—and sets limits on how and when money can be moved between them. It directs how funds may be used for non‑natural disasters, natural disasters, martial law, and state‑called troops, and requires regular reporting. The changes aim to improve financial readiness for emergencies while imposing caps and oversight.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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