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NM SB240
Bill
AI Summary
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Authorizes severance tax bonds and general fund appropriations for capital outlay projects across New Mexico, with bonds requiring certification by end of fiscal year 2028 and expenditure of at least 85% of proceeds within 3 years
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Appropriates $75,000,000 for a forensic unit at NM Behavioral Health Institute in Las Vegas and $95,000,000 for a new executive office building in Santa Fe through the Capital Program Fund
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Allocates $17,000,000 for magistrate court improvements statewide, including up to $10,000,000 for Cibola County and $6,500,000 for Sandoval County magistrate courts
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Provides $20,000,000 for state parks improvements and $13,000,000 for Forestry Division vehicles and wildfire response facilities, plus $7,500,000 for watershed restoration and wildfire protection
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Appropriates $10,000,000 to the Child Care Facility Revolving Loan Fund managed by the New Mexico Finance Authority
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Funds extensive Navajo Nation and tribal infrastructure projects including $6,000,000 for a wastewater system at Pueblo of Santo Domingo, $4,500,000 for a health care facility at Pueblo of Sandia, and $3,300,000 for a community wellness center at Ohkay Owingeh
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Allocates millions for water and wastewater infrastructure across rural communities, including $4,000,000 for pipeline and water systems in the Melody Ranch area of Torrance County and $10,000,000 for wastewater treatment in Bosque Farms
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Provides funding for affordable housing construction in multiple communities including $1,550,000 in Santa Fe, $1,104,000 in Hobbs, and $375,000 for cottage housing in Albuquerque's International District
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Appropriates extensive road, drainage, and transportation infrastructure funding for Bernalillo County including $1,700,000 for Paseo del Norte improvements and $2,050,000 for Mesa Grande Drive extension in Las Cruces
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Sets reversion deadlines requiring unexpended balances to revert by end of fiscal year 2030 for most projects, with equipment purchases reverting within 2 years of appropriation
Legislative Description
Capital Outlay Projects
Last Action
Signed by Governor - Chapter 71 - Mar. 11
3/11/2026