NM TECH BOARD MONITORING NETWORK

SB 44 appropriates $2 million from the state general fund to the New Mexico Institute of Mining and Technology (NM Tech) for seismology equipment and expanding monitoring capabilities at its Bureau of Geology and Mineral Resources. The funding, to be used in fiscal year 2027, supports partnership with the Energy Department’s Oil Conservation Division to enhance seismic monitoring. Unspent funds at year-end would revert to the general fund. This bill directly affects NM Tech’s geology bureau and the state’s oil conservation operations through infrastructure upgrades.