REPEAL RENT CONTROL PROHIBITION

SB 138 repeals a state law that has prohibited New Mexico cities and towns from enacting rent control on privately owned housing. This bill directly affects local governments, removing a legal barrier that has prevented them from creating rent control policies since 1991. The key mechanism is the repeal of Section 47-8A-1 NMSA 1978, which previously banned municipalities from passing such ordinances. If passed, this would allow cities and towns to develop their own rent control rules for private rental properties.