Bill > SB479

This bill appropriates $200,000 from New Mexico's general fund to the state Department of Transportation to conduct a feasibility study for constructing a high-speed passenger railroad within New Mexico during fiscal year 2026. The bill specifies that if any funds remain unused or uncommitted by the end of the fiscal year, those funds will be returned to the general fund. A feasibility study typically involves researching the technical, economic, legal, and scheduling considerations of a potential infrastructure project to determine whether it is practical and worthwhile to pursue. In this case, the study would examine the potential for developing a high-speed passenger rail system in New Mexico, which could have implications for transportation infrastructure, economic development, and regional connectivity.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=479&year=25