HB 49 increases penalties for felons who receive, transport, or possess firearms or destructive devices in New Mexico. It specifically raises the penalty for first-time felon firearm possession from a third-degree felony to a second-degree felony, and to a first-degree felony for repeat offenses. The bill applies directly to individuals convicted of felonies who have not completed their sentence, probation, or received a pardon within the past ten years. Key provisions clarify definitions of "serious violent felon" and "destructive device" while raising criminal charges for violations. This policy change aims to strengthen restrictions on firearm access for certain convicted individuals.