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Read. Follow. Verify.New Mexico Creates Infrastructure Trust Funds and Allocates Severance Tax Bonds for Land Grants and Acequias
Last action · February 15, 2026: Sent to SFC - Referrals: SFCSponsors: Pete Campos and 4 others
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What This Bill Proposed
This bill enacts the and Infrastructure Act, establishing dedicated trust and project funds to finance community and irrigation infrastructure projects in New Mexico starting July 1, 2026. It allocates portions of state severance tax bond capacity to these funds and mandates that land grants and acequias apply through their respective oversight bodies before seeking legislative s.
Changes how historic land grants and community irrigation ditches secure state infrastructure money by routing requests through new dedicated funds and the land grant council or interstate stream commission, impacting project funding timelines and application requirements.
- Land grants-mercedes and acequias are historic community land and water management institutions unique to New Mexico and the American Southwest. context
- Severance tax bonds are a primary mechanism by which the State of New Mexico finances capital infrastructure projects statewide. 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.
land grants-mercedes
Must apply to the land grant council for project funding prior to requesting legislative capital outlay appropriations and become eligible for grants and loans from the new project fund.
acequias
Must apply to the interstate stream commission for project funding prior to requesting legislative capital outlay appropriations and become eligible for grants and loans from the new project fund.
land grant council
Must promulgate rules by July 1, 2027, authorize funding for qualified projects, and submit an annual report to the legislative interim committee.
interstate stream commission
Must promulgate rules by July 1, 2027, authorize funding for qualified acequia projects, and submit an annual report to the legislative interim committee.
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 is the purpose of the Land Grant-Merced and Acequia Infrastructure Trust Fund?
When must land grants and acequias apply for funding under this act?
How are distributions from the trust fund calculated once active?
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 · passed the House · in Senate committee.
Procedural history
6 actions- Feb 15, 2026SenateCommitteeSent to SFC - Referrals: SFC
- Feb 15, 2026HouseFloorPassed in the House of Representatives - Y:63 N:2
- Feb 14, 2026HouseHAFC: Reported by committee with Do Not Pass but with a Do Pass recommendation on Committee Substitution
- Feb 11, 2026HouseCommitteeReferred to: HAFC
- Feb 11, 2026New Mexico LegislatureWithdrawn from committee or daily calendar for subsequent action
- Feb 4, 2026New Mexico LegislatureNot Printed
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.
Mandatory Pre-Application for Capital Outlay
The bill shifts the funding process by requiring land grants and acequias to apply through administrative councils before seeking legislative capital outlay appropriations.
Connected Entities
Sources
www.nmlegis.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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