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NM SB142

Bill

Status

Introduced

1/26/2026

Primary Sponsor

George Munoz

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Committees1/26/2026

Full Bill Text

No bill text available