summary
Introduced
01/26/2026
01/26/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
AN ACT REPEALING THE PROHIBITION ON POLITICAL SUBDIVISIONS AND HOME RULE MUNICIPALITIES FROM ENACTING RENT CONTROL FOR PRIVATELY OWNED REAL PROPERTY.
AI Summary
This bill repeals a state law that previously prohibited local governments, including political subdivisions and home rule municipalities, from enacting rent control measures for privately owned rental properties. Rent control refers to laws that limit how much landlords can increase rent. By repealing this prohibition, the bill allows these local governments to consider and implement their own rent control policies if they choose to do so.
Sponsors (4)
Last Action
Sent to SCC - Referrals: SCC/SHPAC/SJC (on 01/26/2026)
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=138&year=26 |
| Fiscal Note | https://www.nmlegis.gov/Sessions/26%20Regular/firs/SB0138.PDF |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0138.pdf |
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