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NM SB186

NM SB186
Rent Control Prohibitions


summary

Introduced
01/23/2024
In Committee
Crossed Over
Passed
Dead
01/23/2024

Introduced Session

2024 Regular Session

Bill Summary

AN ACT REPEALING THE PROHIBITION ON POLITICAL SUBDIVISIONS AND HOME RULE MUNICIPALITIES FROM ENACTING RENT CONTROL FOR PRIVATELY OWNED REAL PROPERTY.

AI Summary

This bill repeals the prohibition on political subdivisions and home rule municipalities from enacting rent control for privately owned real property. In other words, it allows local governments to implement rent control policies for privately owned properties in their jurisdictions, which was previously prohibited by state law.

Sponsors (6)

Last Action

Action Postponed Indefinitely (on 01/23/2024)

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