summary
Introduced
01/20/2026
01/20/2026
In Committee
01/29/2026
01/29/2026
Crossed Over
01/23/2026
01/23/2026
Passed
02/05/2026
02/05/2026
Dead
Signed/Enacted/Adopted
02/05/2026
02/05/2026
Introduced Session
2026 Regular Session
Bill Summary
AN ACT RELATING TO THE FINANCING OF HIGHWAY PROJECTS; PROVIDING ADDITIONAL BONDING AUTHORITY TO THE STATE TRANSPORTATION COMMISSION FOR STATE HIGHWAY PROJECTS IDENTIFIED IN THE STATEWIDE TRANSPORTATION IMPROVEMENT PROGRAM; REQUIRING THE DEPARTMENT OF TRANSPORTATION TO INCLUDE A REPORT ON HIGHWAY PROJECT SELECTION AND PRIORITIES FINANCED BY BONDS IN ITS ANNUAL BUDGET REQUEST; INCREASING THE WEIGHT DISTANCE TAX FOR MOTOR VEHICLES OTHER THAN BUSES; INCREASING REGISTRATION FEES FOR PASSENGER VEHICLES; REQUIRING ADDITIONAL REGISTRATION FEES FOR ELECTRIC AND PLUG-IN HYBRID ELECTRIC VEHICLES AND DISTRIBUTING THE ADDITIONAL FEES TO THE STATE ROAD FUND; ADJUSTING CERTAIN FORMULAIC DISTRIBUTIONS OF MOTOR VEHICLE FEES.
AI Summary
This bill aims to increase funding for state highway projects by authorizing additional bonding authority for the State Transportation Commission, which oversees highway infrastructure. To help finance these projects, the bill will increase the weight distance tax for motor vehicles other than buses, which is a tax based on the weight of a vehicle and the distance it travels, and also raise registration fees for passenger vehicles. Additionally, new annual registration fees will be imposed on electric and plug-in hybrid electric vehicles, with these additional fees being directed to the State Road Fund, which is dedicated to highway maintenance and construction. The bill also mandates that the Department of Transportation include a report in its annual budget request detailing how highway projects financed by bonds are selected and prioritized, and it adjusts how certain motor vehicle fees are distributed.
Committee Categories
Transportation and Infrastructure
Sponsors (19)
Heather Berghmans (D)*,
Pete Campos (D)*,
Bobby Gonzales (D)*,
George Muñoz (D)*,
Joe Cervantes (D),
Angel Charley (D),
Art De La Cruz (D),
Katy Duhigg (D),
Natalie Figueroa (D),
Martin Hickey (D),
Day Hochman-Vigil (D),
Leo Jaramillo (D),
Patty Lundstrom (D),
Michael Padilla (D),
Antoinette Sedillo Lopez (D),
Benny Shendo, Jr. (D),
Bill Soules (D),
Liz Stefanics (D),
Peter Wirth (D),
Last Action
Signed by Governor - Chapter 4 - Feb. 5 (on 02/05/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=2&year=26 |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/final/SB0002.pdf |
| Senate .233451.4 - Rep. Cathrynn N. Brown Floor Amendment | https://www.nmlegis.gov/Sessions/26%20Regular/Floor_Amendments/.233451.4.pdf |
| HTPWC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0002TP1.pdf |
| SFC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0002FC1.pdf |
| Senate SFC1 SB2 233264.2 Committee Amendment | https://www.nmlegis.gov/Sessions/26%20Regular/Committee_Subs_And_Amendments/SB0002FC1%20233264.2%20.pdf |
| SCC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0002CC1.pdf |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0002.pdf |
| Fiscal Note | https://www.nmlegis.gov/Sessions/26%20Regular/firs/SB0002.PDF |
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