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SB 2·NM·senate

STATE HIGHWAY PROJECT BONDS

Signed into LawFiled Jan 20, 2026
Sponsor: Gonzales, Roberto "Bobby" J.
Latest Action

Signed

Feb 7, 2026

Summary

The bill increases the weight‑distance tax on trucks, raises registration fees for passenger vehicles, and adds new annual fees for electric and plug‑in hybrid cars. It also gives the State Transportation Commission more bonding power to fund highway projects and requires a DOT report on bond‑financed projects. These changes generate additional revenue for the state road fund and aim to improve highway infrastructure.

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

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