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Read. Follow. Verify.New Mexico Senate Bill 166 Authorizes Surplus General Fund Transfers to Specific State Trust Funds
Last action · January 28, 2026: SCC: Reported by committee to fall within the purview of a 30 day sessionSponsor: Mimi Stewart
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What This Bill Proposed
TRANSFER FROM GENERAL FUND TO OTHER FUNDS
The bill determines how excess state revenues are reallocated among designated trust funds—including medicaid, behavioral health, community benefit, public education reform, rural health care, and senior dignity funds—when budget surpluses exceed statutory thresholds.
- State trust funds and reserve balances in New Mexico are managed under statutory guidelines administered by the Department of Finance and Administration and the State Investment Council. context
- The tax stabilization reserve acts as a core budgetary buffer for the state of New Mexico during periods of revenue volatility. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Department of Finance and Administration
The department is responsible for determining aggregate general fund appropriations and operating reserve balances to calculate applicable transfer thresholds.
Medicaid Trust Fund
The fund receives 25 percent of eligible surplus revenue transfers when the five-to-eight percent excess revenue threshold is met.
Behavioral Health Trust Fund
The fund receives 25 percent of eligible surplus revenue transfers when the five-to-eight percent excess revenue threshold is met.
Public Education Reform Fund
The fund receives 15 percent of eligible surplus revenue transfers when the five-to-eight percent excess revenue threshold is met.
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 triggers transfers from the general fund to other trust funds under Senate Bill 166?
Which funds receive allocations when excess revenue falls between five and eight percent of previous recurring appropriations?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in Senate committee.
Procedural history
2 actions- Jan 28, 2026SenateSCC: Reported by committee to fall within the purview of a 30 day session
- Jan 27, 2026SenateCommitteeSent to SCC - Referrals: SCC/STBTC/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
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Restructuring of Surplus Distribution Tiers
The bill reorganizes Section 6-4-4 NMSA 1978 to distribute excess general fund revenues among six specific trust funds before routing remaining amounts above eight percent to the government results and opportunity expendable trust.
Connected Entities
Sources
www.nmlegis.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 65)
- Controversy25Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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