summary
Introduced
01/22/2026
01/22/2026
In Committee
01/30/2026
01/30/2026
Crossed Over
Passed
Dead
02/19/2026
02/19/2026
Introduced Session
2026 Regular Session
Bill Summary
AN ACT MAKING A TRANSFER FROM THE GENERAL FUND TO THE RURAL LIBRARIES ENDOWMENT FUND; MAKING AN APPROPRIATION.
AI Summary
This bill directs a transfer of $29,500,000 from the state's general fund, which is the main pool of money collected from taxes and other revenue sources, into a specific fund called the Rural Libraries Endowment Fund. This endowment fund is intended to provide long-term financial support for libraries located in rural areas of New Mexico, ensuring they have resources for their operations and services.
Sponsors (3)
Last Action
SIRC: Reported by committee with Do Pass recommendation (on 01/30/2026)
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=62&year=26 |
| SIRC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0062IC1.pdf |
| Fiscal Note | https://www.nmlegis.gov/Sessions/26%20Regular/firs/SB0062.PDF |
| SCC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0062CC1.pdf |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0062.pdf |
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