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
No floor votes recorded yet.
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
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 227
Scope: NM
Hi! I can help you understand SB 227. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline