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NM SB153
Bill
Status
Introduced
1/26/2026
Primary Sponsor
Michael Padilla
Click for details
AI Summary
- Reduces the taxpaying years required for resident business certification from three years to one year, and for resident contractor certification from five years to one year
- Increases small purchase thresholds from $60,000 to $100,000 for competitive procurement requirements, and from $20,000 to $60,000 for direct purchase orders based on best obtainable price
- Extends maximum professional services contract terms from four years to eight years, including all extensions and renewals
- Limits sole source contracts to a maximum term of four years including all extensions and renewals, and reduces the notice period before awarding sole source contracts from thirty days to fifteen days
- Allows prepayment for child care assistance services contracts when the central purchasing office certifies in writing that prepayment is necessary due to customary business practices or undue hardship
Legislative Description
Procurement Changes
Last Action
SCC: Reported by committee to fall within the purview of a 30 day session
1/27/2026
Committee Referrals
Committees1/26/2026
Full Bill Text
No bill text available