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Enacted

New Mexico Approves Statewide Capital Outlay Act Funding Infrastructure, School, and Community Projects

Original title: CAPITAL OUTLAY PROJECTS

Last action · March 11, 2026: Signed by Governor - Chapter 71 - Mar. 11Sponsors: Pete Campos and 1 other

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Does

The New Mexico Legislature authorizes the issuance of and makes general fund appropriations for hundreds of projects across the state, including up to $280 million for a new University of New Mexico School of Medicine. The measure establishes strict certification, expenditure, and timelines for state agencies receiving funds and declares an emergency for immediate enactment.

Why it matters

State and local agencies, tribal governments, and educational institutions across New Mexico receive direct funding for building construction, road improvements, water systems, and equipment purchases, subject to strict spending deadlines and project completion rules.

Background
  • Capital outlay acts are regularly enacted by the New Mexico Legislature to fund local and statewide infrastructure projects through bond issuances and direct appropriations. context
  • Severance tax bonds are a primary financing mechanism in New Mexico secured by revenues collected from the extraction of natural resources. context

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

State Agencies and Local Governments

State agencies, local public bodies, and tribal governments receive capital outlay funding and bond proceeds, obligating them to meet strict certification, expenditure, and reversion deadlines.

Directly affected

New Mexico Residents

Residents experience changes in local public infrastructure, court facilities, healthcare centers, road improvements, and community facilities funded across the state.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What happens if an agency does not use its appropriated funds on time?
If an agency has not certified the need for severance tax bond proceeds or general fund appropriations by the end of fiscal year 2028, the authorization for that project becomes void, and unexpended balances revert according to statutory deadlines.
What is the largest single project funded in this act?
The act authorizes up to $280,000,000 in supplemental for a new University of New Mexico School of Medicine.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Current status: Signed into law.

Procedural history

8 actions
  1. Mar 11, 2026Governor of New MexicoEnrolled
    Signed by Governor - Chapter 71 - Mar. 11
  2. Feb 18, 2026HouseFloor
    Passed in the House of Representatives - Y:49 N:8
  3. Feb 18, 2026House
    HTRC: Reported by committee with Do Pass recommendation
  4. Feb 18, 2026HouseCommittee
    Sent to HTRC - Referrals: HTRC
  5. Feb 18, 2026SenateFloor
    Passed in the Senate - Y:37 N:0
  6. Feb 18, 2026Senate
    Senate Floor Amendment
Show 2 earlier actions
  1. Feb 17, 2026Senate
    SFC: Reported by committee with Do Not Pass but with a Do Pass recommendation on Committee Substitution
  2. Feb 3, 2026SenateCommittee
    Sent to SFC - Referrals: SFC

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection95% confidence

Extensive Multi-Fund Capital Appropriations

The act coordinates funding across severance tax bonds, general funds, and various specific state trust and program funds with standardized reversion timelines.

Connected Entities

University of New Mexico, Benny Shendo, State Board of Finance and 2 more
OrganizationUniversity of New Mexico“Recipient of bond proceeds for a new school of medicine and clinical facilities”Map →
PersonBenny Shendo“Cosponsor of SB 240”Map →
OrganizationState Board of Finance“Responsible for issuing and selling severance tax bonds”Map →
PersonPete Campos“Primary sponsor of SB 240”Map →
OrganizationDepartment of Finance and Administration“Receives certifications of need for general fund appropriations”Map →

Sources

Open source document

www.nmlegis.gov

Analysis Score

0–100
  • Significance95
    How much this matters to a regular citizen
  • Controversy15
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz40
    Current news / social attention level

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