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SB 112NEW MEXICOSession 2026State Billdead

Did Not Advance

New Mexico Senate Bill 112 alters investment classes for the severance tax permanent fund

Original title: SEVERANCE TAX FUND INVESTMENT CLASSES

Last action · January 23, 2026: Sent to SCC - Referrals: SCC/STBTC/SFCSponsors: Pete Campos and 1 other

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Proposed

Senate Bill 112 modifies the statutory investment classes and rules governing the severance tax permanent fund in New Mexico, including setting a July 1, 2026 expiration date for several differential rate investment categories and removing emergency economic relief loan provisions.

Why it matters

Changes the legal parameters and timelines under which state severance tax funds can be deployed into differential rate economic development investments versus .

Background

The severance tax permanent fund is a permanent endowment fund established by the State of New Mexico, funded by severance taxes on natural resource extraction. 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.

Directly affected

Local governments

Directly affected

State of New Mexico

The legal framework governing how the severance tax permanent fund is invested and accounted for is modified.

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 changes does Senate Bill 112 make to the severance tax permanent fund?

It updates the rules for investment classes, sets a July 1, 2026 expiration date for several differential rate investment categories, and removes provisions allowing emergency economic relief loans to local governments.

Are all investments still subject to standard accounting rules under the bill?

Yes, all market rate and must be invested in accordance with the and accounted for using generally accepted accounting principles.

What else do you want to know?

News Coverage

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Where This Stands

This bill did not become law - Died at adjournment · in Senate committee.

Procedural history

1 action

Jan 23, 2026SenateCommittee
Sent 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.

Connected Entities

Sarah Silva, Pete Campos, Legislative Finance Committee

PersonSarah Silva“Co-sponsor of Senate Bill 112”Map →

PersonPete Campos“Primary sponsor of Senate Bill 112”Map →

OrganizationLegislative Finance Committee“Requested the introduction of the act”Map →

Sources

Open source document

www.nmlegis.gov

Analysis Score

0–100

Significance20
Lowered because this bill did not pass (its text scored 45)
Controversy15
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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