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Bill > SB240


NM SB240

NM SB240
Capital Outlay Projects


summary

Introduced
02/03/2026
In Committee
02/18/2026
Crossed Over
02/18/2026
Passed
03/11/2026
Dead
Signed/Enacted/Adopted
03/11/2026

Introduced Session

2026 Regular Session

Bill Summary

AN ACT RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF SEVERANCE TAX BONDS; MAKING APPROPRIATIONS FROM THE GENERAL FUND AND OTHER STATE FUNDS; ESTABLISHING CONDITIONS FOR THE ISSUANCE OF SEVERANCE TAX BONDS AND THE EXPENDITURE OF SEVERANCE TAX BOND PROCEEDS; REQUIRING CERTIFICATIONS TO THE DEPARTMENT OF FINANCE AND ADMINISTRATION; ESTABLISHING CONDITIONS FOR THE REVERSION OF UNEXPENDED BALANCES; AUTHORIZING THE ISSUANCE OF SUPPLEMENTAL SEVERANCE TAX BONDS FOR A NEW UNIVERSITY OF NEW MEXICO SCHOOL OF MEDICINE; REQUIRING SUFFICIENT FUNDING FOR TRIBAL INFRASTRUCTURE FUND PROJECTS; MAKING APPROPRIATIONS; DECLARING AN EMERGENCY.

AI Summary

This bill authorizes the issuance of severance tax bonds and makes appropriations from various state funds for capital outlay projects across New Mexico for fiscal years 2027 through 2030. * **Administrative Office of the Courts:** $17,000,000 from severance tax bonds for statewide magistrate court improvements, including specific allocations for Sandoval County ($6,500,000) and Cibola County ($10,000,000), and $500,000 for statewide emergency repairs and small projects. * **Capital Program Fund:** $209,030,000 from severance tax bonds for various projects, including a forensic unit at the New Mexico Behavioral Health Institute ($75,000,000), a new executive office building in Santa Fe ($95,000,000), improvements to correctional facilities ($3,000,000), state-owned facilities statewide ($5,050,000), a new state police facility in Grants ($2,500,000), improvements to veteran cemeteries and memorials ($2,000,000), improvements to job centers ($1,500,000), the Mora County courthouse ($5,000,000), an emergency operations center in Santa Fe ($10,000,000), and an analytical laboratory in Albuquerque ($2,500,000). * **Public Education Department:** $4,000,000 from severance tax bonds for a STEM classroom suite at East Mountain High School ($1,000,000) and a career and technical education center at Rio Grande Preparatory Institute ($3,000,000). * **Energy, Minerals and Natural Resources Department:** $40,500,000 from severance tax bonds for wildfire response facilities and vehicles ($13,000,000), state park improvements ($20,000,000), and watershed restoration and wildfire protection improvements ($7,500,000). * **Department of Environment:** $18,090,000 from severance tax bonds for wastewater and water system improvements in various locations, including Lovington ($1,500,000), Ruidoso ($2,500,000), Pecos ($1,500,000), Corrales ($1,000,000), Taos ($590,000), and Bosque Farms ($10,000,000). * **Indian Affairs Department:** $22,470,000 from severance tax bonds for various tribal infrastructure projects, including improvements at the Indian Pueblo Cultural Center ($1,000,000), parks and playgrounds in the Pueblo of Laguna ($3,230,000), an emergency management building for the Mescalero Apache Tribe ($2,500,000), a fire station in the Pueblo of Santa Clara ($2,000,000), a STEAM facility at Navajo Preparatory School ($4,000,000), community spaces in the Pueblo of Jemez ($40,000), a performing arts and career center amphitheater at Santa Fe Indian School ($4,000,000), and a community wellness facility in the Pueblo of Picuris ($4,000,000). * **Department of Information Technology:** $20,000,000 from severance tax bonds for public safety radio communications systems. * **Department of Finance and Administration:** $5,000,000 from severance tax bonds for critical infrastructure, buildings, and public safety vehicles and equipment for local public bodies. * **Local Government Division of the Department of Finance and Administration:** $34,550,000 from severance tax bonds for various local park and facility improvements across numerous counties. * **Department of Military Affairs:** $2,000,000 from severance tax bonds for improvements to readiness centers, staging areas, and challenge program properties. * **Secretary of State:** $6,000,000 from severance tax bonds for election equipment. * **Spaceport Authority:** $4,000,000 from severance tax bonds for runway and facility improvements at Spaceport America. * **Supreme Court Building Commission:** $4,000,000 from severance tax bonds for improvements to the Supreme Court building basement. * **Taxation and Revenue Department:** $200,000 from severance tax bonds for a scanning machine. * **Department of Transportation:** $18,350,000 from severance tax bonds for various road and infrastructure improvements statewide, including electric vehicle infrastructure ($5,000,000). * **Eastern New Mexico University:** $1,300,000 from severance tax bonds for improvements at the Roswell branch campus. * **New Mexico Institute of Mining and Technology:** $500,000 from severance tax bonds for an academic laboratory for AI security research. * **University of New Mexico:** $15,000,000 from severance tax bonds for clinical facilities to improve rural healthcare access. * **Western New Mexico University:** $1,000,000 from severance tax bonds for athletic field improvements. * **Aging and Long-Term Services Department:** $5,000,000 from the General Fund for senior center improvements and vehicle purchases statewide. * **Cultural Affairs Department:** $7,190,000 from the General Fund for museum and historic site improvements statewide. * **Cumbres and Toltec Scenic Railroad Commission:** $208,000 from the General Fund for depot and facility improvements. * **District Attorneys:** A total of $670,000 from the General Fund for office furniture, IT equipment, vehicles, and annex construction. * **Third Judicial District Court:** $800,000 from the General Fund for court expansion. * **Early Childhood Education and Care Department:** $2,195,000 from the General Fund for early childhood facility construction and improvements. * **Higher Education Department:** $7,545,000 from the General Fund for improvements at higher education institutions, including early childcare facilities and instructional laboratories. * **Public Education Department:** $4,000,000 from severance tax bonds for STEM classrooms and career/technical education centers. Additionally, $19,315,000 from the Public School Capital Outlay Fund for school bus purchases. * **Department of Environment:** $18,090,000 from severance tax bonds for water and wastewater system improvements. * **Department of Game and Fish:** $5,000,000 from the Trail Safety Fund and the Sikes Act account of the Game Protection Fund for off-highway vehicle trail improvements and riparian habitat restoration. An additional $2,000,000 from the Habitat Management Fund and $2,500,000 from the Big Game Enhancement Account of the Game Protection Fund are also allocated for riparian habitat restoration and property improvements. * **Miners' Hospital:** $1,500,000 from the Miners' Trust Fund for medical equipment and facility improvements. * **Indian Affairs Department:** $1,050,000 from the Capital Development Program Fund for a convenience station at the Roadrunner RV Park. * **Local Government Division of the Department of Finance and Administration:** $7,360,000 from the Capital Development Program Fund for fire station construction, an animal shelter, a fleet maintenance facility, an emergency operations center, and a county administration building. * **Department of Transportation:** $6,550,000 from the Capital Development Program Fund for roadway and drainage improvements. * **University of New Mexico:** $1,011,000 from severance tax bonds for softball clubhouse improvements. * **Western New Mexico University:** $100,000 from severance tax bonds for athletic field improvements. * **Workforce Solutions Department:** $26,575,000 from the General Fund for housing and homelessness projects. * **State Land Office:** $750,000 from the State Lands Maintenance Fund for improvements to the State Land Office building. * **University of New Mexico:** $1,011,000 from the General Fund for softball clubhouse improvements. * **New Mexico Highlands University:** $1,170,000 from the General Fund for stadium, campus safety, golf course, and IT infrastructure improvements. * **New Mexico Institute of Mining and Technology:** $700,000 from the General Fund for campus improvements, equipment upgrades, and accessibility enhancements. * **New Mexico State University:** $5,000,000 from the General Fund for agricultural programs, campus safety, and facility improvements. * **University of New Mexico:** $4,500,000 from the General Fund for campus improvements, safety systems, and facility upgrades. * **Western New Mexico University:** $440,000 from the General Fund for irrigation infrastructure, accessible van purchase, and collaborative learning hub improvements. * **New Mexico Mortgage Finance Authority:** $4,000,000 from the General Fund for affordable single-family home construction. * **Office of the State Engineer:** $200,000 from the General Fund for Rio Grande bosque habitat restoration. * **Office of Superintendent of Insurance:** $1,500,000 from the General Fund for statewide digital provider directory IT systems. * **Department of Transportation:** $4,000,000 from the General Fund for road and infrastructure improvements statewide. * **Supplemental Severance Tax Bonds:** $280,000,000 authorized for the University of New Mexico School of Medicine for planning, design, construction, equipping, furnishing, and landscaping a new school of medicine. Unexpended balances from severance tax bond proceeds generally revert to the severance tax bonding fund by the end of fiscal year 2030, with specific reversion dates for certain project types. General fund appropriations are available through fiscal year 2030, with unexpended balances reverting to the General Fund by September 30 following the end of fiscal year 2028 for vehicle purchases or the end of fiscal year 2030 for construction projects. Appropriations from other state funds also have reversion dates tied to project completion or fiscal year end. Agencies must certify the need for funds by the end of fiscal year 2028, or the authorization for that project becomes void.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Signed by Governor - Chapter 71 - Mar. 11 (on 03/11/2026)

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