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HB 322 New Mexico House · 2026 Regular Session

TRANSPORTATION TRUST FUND & PROGRAM FUND

HB 322 creates two new transportation funds in New Mexico: the Transportation Trust Fund and the Transportation Program Fund. The Trust Fund receives annual distributions from electricity sales tax (starting at 1% and increasing to 2% over time) and adjusted motor vehicle tax revenues (shifting 30% to the Trust Fund after 2028). The Program Fund uses these funds to provide matching money for federal transportation infrastructure projects. Unspent capital project funds from the general budget also revert to the Trust Fund, ensuring ongoing revenue for transportation initiatives.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates dedicated tax-funded transportation trusts (electricity sales tax, motor vehicle tax reallocation) to finance infrastructure projects, advancing public infrastructure funding through fiscal mechanisms.95% confidence ✓ TransportationSupports TransportationCreates Transportation Trust Fund (funded by electricity/motor vehicle taxes) and Program Fund for infrastructure projects/federal matching, directly advancing transportation infrastructure funding.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2026 Last action Mar 24, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
1
Feb 12, 2026
Lower · Passed
DO PASS, as amended, committee report adopted
lower
Feb 4, 2026
Introduced
Sent to House Transportation, Public Works & Capital Improvements Committee & House Taxation & Revenue Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Cathrynn Brown
Cathrynn Brown
RRepublican
NM
55