SB 227 New Mexico Senate · 2025 Regular Session

FUNDS IN STATE RESERVE

This bill defines which specific funds constitute New Mexico's state reserves, listing five named funds: the appropriation contingency fund, general fund operating reserve, government results and opportunity expendable trust, state-support reserve fund, and tax stabilization reserve. It affects how the state government categorizes its financial reserves but does not change how these funds are managed or used. The bill is procedural, formally codifying existing reserve funds into law without introducing new policy changes or affecting specific groups or programs.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2025 Last action Jun 3, 2025
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
4
Key actions
2
Committee
2
Feb 28, 2025
Upper · Passed
DO PASS committee report adopted
upper
Feb 21, 2025
Upper · Passed
DO PASS committee report adopted
upper
Jan 31, 2025
Introduced
Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
GM
George Muñoz
DDemocratic
NM
4