Signed into LawFiled Feb 3, 2026
Sponsor: Shendo, Benny, Jr.
Latest Action
PASS - SGND BY GOV - Chapter 71 - (partial veto)
Mar 11, 2026
Summary
The bill lets New Mexico issue severance tax bonds and allocates money from the general fund and other state funds for improvements to museums, veteran cemeteries, and the purchase of school buses. Agencies must certify the need for the money, meet defined spending timelines, and any unspent balances must be returned to the bonding fund by set dates. A 1% allocation for art in public places is included, and the law takes effect immediately.
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