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HB 184·NM·house

INVESTMENT OF CONSERVATION & LEGACY FUNDS

Signed into LawFiled Jan 27, 2026
Sponsor: Small, Nathan P.
Latest Action

PASS - SGND BY GOV - Chapter 37

Mar 5, 2026

Summary

The law creates a permanent conservation fund that must be invested under the prudent investor rule and outlines when earnings move to a second legacy fund. It also specifies annual payouts from the Land of Enchantment Fund to several state agencies for forest, wildlife, water, recreation, cultural, and agricultural projects, with any unused money returning to the conservation fund. The measure is designed to provide stable, long‑term financing for natural‑resource and cultural programs.

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

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