Docket Room
HB 237·NM·house

SMALL BUSINESS DISASTER RELIEF PROGRAM

In CommitteeFiled Jan 29, 2026
Sponsor: Gonzales, Anita
Latest Action

action postponed indefinitely

Mar 24, 2026

Summary

The bill sets up a Small Business Disaster Relief Program that gives grants for operating costs, property repair, and other disaster‑related expenses to qualifying small businesses in areas the governor declares a disaster. It is run by the Economic Development Department, funded with $1 million from the general fund, and uses a competitive review process. The goal is to support businesses that lack federal or insurance assistance.

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