Bill > SB1

This bill creates two new funds in the state treasury: the Behavioral Health Trust Fund and the Behavioral Health Program Fund. The Behavioral Health Trust Fund will be a non-reverting fund composed of distributions, appropriations, gifts, grants, and donations, with investment income credited to the fund. The state investment officer will manage the fund's investments according to the prudent investor rule and must provide quarterly reports to legislative committees. Starting July 1, 2026, 5% of the fund's average year-end market value from the preceding three years will be distributed to the Behavioral Health Program Fund. The Behavioral Health Program Fund, administered by the health care authority, will support behavioral health services and programs, including mental health and substance misuse treatment, infrastructure and workforce support, matching funds for grants, compliance with federal requirements, and implementation of regional behavioral health plans. Expenditures from this fund will require warrants signed by the health care authority secretary, and any unused balance at the end of a fiscal year will revert to the Behavioral Health Trust Fund.

Budget and Finance, Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=1&year=25