DOIT SOFTWARE REPLACEMENT PLAN & FUNDING

SB 132 expands New Mexico's Department of Information Technology (DOIT) funding mechanisms to include software replacement costs alongside hardware. It amends existing law to rename "Equipment Replacement Revolving Funds" as "Equipment and Software Replacement Revolving Funds," requiring DOIT to create separate plans for both hardware and software replacement for its enterprise services. The bill establishes that funds must be replenished through revenue from services (based on cost structures) and cannot expire at year-end, ensuring dedicated capital for replacing both physical equipment and associated software used across state agencies. This change directly affects DOIT's operations and the state's IT infrastructure funding, shifting the focus from purely equipment to encompassing software lifecycle management.