Bill > SB229

This bill is the General Appropriation Act of 2025, which establishes the state budget and authorizes expenditures for fiscal year 2026 across various government sectors. The bill provides detailed appropriations from multiple funding sources including the general fund, other state funds, internal service funds/interagency transfers, and federal funds. Key funding allocations include $4.492 billion for public school support, $3.244 billion for health and human services, $1.400 billion for higher education, $580.9 million for public safety, and $219.8 million for general control agencies. The bill includes comprehensive definitions of financial terms and provides guidance on budget management, such as requiring the Department of Finance and Administration to monitor revenue and consult with the legislative finance committee about potential budget deficits. The bill also specifies that unexpended balances will generally revert to the general fund by October 1, 2025, and sets rules about credit card usage and accounting practices. Additionally, the bill includes a provision for transferring funds from the tobacco settlement permanent fund to ensure full funding of tobacco-related program appropriations, and contains a severability clause to ensure that if any part of the act is found invalid, the rest of the act remains in effect.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=229&year=25