CAMPAIGN FINANCE CHANGES

SB 85 updates New Mexico's campaign finance rules to require more detailed reporting of contributions and expenditures. It mandates disclosure of electronic communications related to campaigns, standardizes reporting for all contributions of $1,000 or more (including during legislative session fundraising bans), and prohibits using campaign funds to repay candidate loans with interest. The bill directly affects candidates, campaign committees, and political committees by tightening transparency requirements for donations and spending. The measure passed the Senate in February 2025 but was postponed indefinitely by the House in June 2025.