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SB 132·NM·senate

DOIT SOFTWARE REPLACEMENT PLAN & FUNDING

Signed into LawFiled Jan 26, 2026
Sponsor: Padilla, Michael
Latest Action

PASS - SGND BY GOV - Chapter 12

Mar 3, 2026

Summary

The legislation requires the Department of Information Technology to include software in its annual equipment‑replacement planning and to submit those plans to Finance and the Legislature each September. It also directs the state treasurer to set up revolving funds—now called equipment and software replacement revolving funds—to finance the purchase and replacement of capital equipment and associated software. The changes aim to improve budgeting and accountability for the state’s technology assets.

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

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