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NM HB140

Bill

Official Source

Status

Introduced

1/22/2026

Primary Sponsor

Janelle Anyanonu

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Appropriates $500,000 from the general fund to the Department of Finance and Administration for use by the New Mexico Mortgage Finance Authority

  • Funds oversight duties required under the Affordable Housing Act beginning in fiscal year 2027

  • Allows unexpended or unencumbered balances to carry forward into subsequent fiscal years without reverting to the general fund

  • Endorsed by the Mortgage Finance Authority Act Oversight Committee

Legislative Description

Affordable Housing Act Oversight Duties

Last Action

HGEIC: Reported by committee with Do Pass recommendation

1/28/2026

Committee Referrals

Government, Elections & Indian Affairs1/22/2026

Full Bill Text

No bill text available