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NM SB132

Bill

Official Source

Status

Passed

3/3/2026

Primary Sponsor

Michael Padilla

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Expands the Department of Information Technology's equipment replacement plans to now include software in addition to hardware
  • Renames "Equipment Replacement Revolving Funds" to "Equipment and Software Replacement Revolving Funds" throughout state law
  • Requires submission of equipment and software replacement plans to the Department of Finance and Administration and legislature by September 1 annually
  • Authorizes the State Treasurer to establish revolving funds in the state treasury for acquiring and replacing both capital equipment and software used for enterprise services
  • Fund expenditures require legislative appropriation and must follow generally accepted accounting principles, with investment income credited back to the funds and no year-end reversion

Legislative Description

Doit Software Replacement Plan & Funding

Last Action

Signed by Governor - Chapter 12 - Mar. 3

3/3/2026

Committee Referrals

Appropriations & Finance2/11/2026
Committees1/26/2026

Full Bill Text

No bill text available