Signed into LawFiled Jan 30, 2026
Sponsor: Lente, Derrick J.
Latest Action
PASS - SGND BY GOV - Chapter 65
Mar 10, 2026
Summary
HB 248 lets New Mexico issue up to $280 million in general‑obligation bonds to improve senior citizen facilities, expand library collections, and upgrade higher‑education and tribal schools. The bonds will be repaid through a new statewide ad‑valorem property tax, and the measures must be approved by voters in the November 2026 election. The act also sets out the issuance, sale, and administration procedures and declares an emergency so it takes effect immediately.
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