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NM SB142
Bill
Status
1/26/2026
Primary Sponsor
George Munoz
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AI Summary
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Amends Section 7-27-12.6 NMSA 1978 to remove an internal sunset provision from the statute authorizing supplemental severance tax bonds for education technology infrastructure
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Director of the Office of Broadband Access and Expansion may certify up to $10,000,000 per fiscal year in supplemental severance tax bond proceeds for education technology infrastructure
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State Board of Finance authorized to issue and sell these bonds when the director certifies the need, with bond proceeds appropriated to the education technology infrastructure fund
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Establishes a delayed repeal of the entire section effective July 1, 2030, replacing what was previously an internal sunset clause with a separate repeal provision
Legislative Description
Severance Bonds For Ed. Technology
Last Action
Sent to SCC - Referrals: SCC/SEC/SFC
1/26/2026