NM HB131

Establishes a Planning Bureau within the Economic Development Division of the Economic Development Department to address state growth, development, and coordinate use of land, facilities, and resources

Requires the bureau to prepare a comprehensive development plan in collaboration with the Department of Transportation, Department of Environment, New Mexico Mortgage Finance Authority, regional planning commissions, and three regional housing authorities

Plan must emphasize job creation, housing, transportation needs and linkages, and interagency/intergovernmental coordination, with updates required every three years or more frequently as needed

Bureau must collaborate with Indian nations, tribes, or pueblos on development and planning matters upon their request

Appropriates $1,000,000 from the general fund for fiscal year 2027 and subsequent years to staff the bureau, with unexpended balances not reverting to the general fund