NM SB112

Amends Section 7-27-5 NMSA 1978 governing investment of the Severance Tax Permanent Fund by restructuring the classification of permitted investments

Restricts "differential rate investments" (intended to stimulate New Mexico's economy) to only investments made under Subsection F of Section 7-27-5.15 NMSA 1978 going forward

Permits certain differential rate investment categories under multiple existing code sections only through July 1, 2026, after which they will no longer be authorized

Removes the requirement for the fund to invest in emergency economic relief loans to local governments that was established in a 2020 act

Requires all investments to comply with the Uniform Prudent Investor Act and generally accepted accounting principles