Maddy summarySB 215 requires local governments (political subdivisions) that receive disaster relief loans under specific 2023 and 2024 laws to deposit all program income earned from those loans into New Mexico’s Natural Disaster Revolving Fund. Program income includes fees, rental income, sales from property bought with loan funds, and other direct earnings from activities supported by the loans. This policy change ensures that money generated by these loans - such as from services or property rentals - replenishes the fund used to provide future disaster loans, rather than going to local government general funds. The bill directly affects cities, counties, and electric cooperatives that receive federal disaster funding through state loan programs.
Sponsored bills
Maddy summaryBased solely on the provided context, SB 275 lacks substantive details needed for a policy summary. The bill title ("PUBLIC PEACE, HEALTH, SAFETY & WELFARE") is broad but does not specify any concrete provisions, affected groups, or mechanisms. No bill text, summary, or specific policy changes are included in the available information. The only recorded action is its referral to the Senate Finance Committee on February 4, 2026. Without further details on the bill's content, a factual summary cannot be generated.
Maddy summarySB 228, the General Appropriation Act of 2026, allocates funding for New Mexico's state government operations during fiscal year 2027. It provides budgets for all state agencies, sets rules for spending (including requiring unspent funds to revert to the general fund by October 1 each year), and establishes accounting standards for tracking revenue and expenditures. This bill directly affects all state agencies by determining their operating budgets and how they manage financial resources under the state's fiscal framework.
Maddy summarySB 253 prevents state agencies from adopting new rules that would cost the state money or reduce state revenue without a prior legislative budget allocation for that specific purpose. The bill requires agencies to include a fiscal analysis of the rule's financial impact on state funds in their public notice and to cite a prior legislative appropriation as the legal basis for the rule. This applies to all state agencies proposing new rules under New Mexico's rulemaking process, ensuring new regulations align with existing state budget authority. The law aims to prevent unfunded mandates by requiring fiscal transparency before rule adoption.
Maddy summarySB 260 creates a tax credit allowing businesses to claim 75% of donations (up to $750,000 per company annually) to public colleges or school districts for workforce education programs, such as vocational training and job skills courses. The credit is capped at $5 million total per year across all businesses, requiring companies to apply for certification through the state's economic development department. Eligible donations must be direct monetary contributions to public institutions - not to affiliated entities - and the credit applies to taxable years starting January 1, 2026. This policy directly affects businesses donating to workforce training programs and public educational institutions receiving those funds.
Maddy summarySB 213 indexes New Mexico's gasoline tax, weight distance tax (for commercial vehicles), and special fuel excise tax to inflation starting July 1, 2028. It requires annual adjustments based on the Consumer Price Index (CPI), calculated by multiplying the current rate by (previous year's CPI / 2026 CPI), rounded down to the nearest cent, while ensuring rates never drop below the previous year's level. This directly affects gasoline retailers, commercial trucking companies, and businesses using special fuels (like diesel or propane) by tying tax rates to inflation rather than fixed amounts. The bill updates existing tax statutes to implement this automatic adjustment mechanism, preventing the real value of these taxes from eroding over time.
Maddy summarySB 214 increases penalty assessments for minor traffic violations under New Mexico's Motor Vehicle Code and Boat Act. It raises specific fines for offenses like expired registration ($50 to $125), speeding (up to $275 for severe cases), failure to wear seat belts ($25 to $100), and many other routine violations. These changes directly affect drivers convicted of these specific misdemeanor offenses, increasing the monetary penalties they must pay. The bill updates the existing penalty schedule without altering the underlying traffic laws or offense classifications.
Maddy summarySB 244 allocates $5 million from the state general fund to the University of New Mexico's Board of Regents for fiscal year 2027 to directly support UNM student athletes. The funding covers specific needs like travel, nutrition, and other athlete-related expenses during their participation in intercollegiate sports. Any unspent portion of the appropriation must be returned to the general fund by the end of fiscal year 2027. This bill creates a one-time state funding mechanism for UNM athletic programs, with no ongoing financial commitment beyond the specified fiscal year.
Maddy summarySB 243 allocates $5 million from the state general fund to New Mexico State University's Board of Regents for fiscal year 2027 to support student athletes. The funds cover direct needs like travel, nutrition, and other athlete-related expenses. Any unspent money at year-end must return to the general fund. This bill directly affects NMSU student athletes and the university's athletic program funding. It is a straightforward funding appropriation with no policy changes beyond the specified budget allocation.
Maddy summaryHB 325 creates a dedicated state fund to improve safety at road-rail crossings in New Mexico, directly affecting communities and transportation agencies at intersections where roads meet railroad tracks. The fund, initially funded with $1 million for fiscal year 2027, will finance projects like installing crossing gates, signals, or grade separations through the state Department of Transportation. Unspent funds will roll over annually without reverting to the general fund, and starting October 1, 2026, any remaining balance will be transferred to the state road fund to support additional safety projects. This legislation provides a permanent funding mechanism for safety improvements at high-risk crossings.