Reported by CommitteeFiled Jan 30, 2026
Sponsor: Vincent, Harlan
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill appropriates $62 million from New Mexico’s general fund for the Department of Finance and Administration to provide matching money to cities, counties and other political subdivisions that have received federal aid to buy and restore floodplain land. The land must pose a threat to life, safety or public infrastructure because of natural disasters or ongoing flood risk. Any unspent balance after fiscal year 2029 returns to the general fund.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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