New Mexico 2025 Regular Session Status: In Committee 1 D cosponsors

SB 511 — AUDIT ACT CHANGES

Last action — action postponed indefinitely

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill amends the Audit Act to expand definitions, restructure audit requirements, and update local public body audit thresholds.

  • Section 6-6-1 NMSA 1978

    less than [fifty thousand dollars ($50,000)] → less than one hundred thousand dollars ($100,000)

    Raises the revenue threshold for certain local public bodies from $50,000 to $100,000.

  • Section 12-6-2 NMSA 1978

    [(4)] → [(5)]

    Renumbers the existing definition of 'office or officer' in the audit definitions.

  • Section 12-6-3 NMSA 1978

    [or] independent auditors approved by the state auditor → independent auditors approved by the state auditor or personnel of the state auditor's office designated by the state auditor working jointly with independent auditors approved by the state auditor

    Clarifies that the audits can be conducted by a combination of state auditor personnel and independent auditors.

  • Section 12-6-3 NMSA 1978

    [If a local public body has an annual revenue, calculated on a cash basis of accounting, exclusive of capital outlay funds, federal or private grants or capital outlay funds disbursed directly by an administrating agency, of: (1) less than ten thousand dollars ($10,000) ... (7) five hundred thousand dollars ($500,000) or more, it shall be thoroughly examined and audited as required by Subsection A of this section] → provided that for fiscal year 2026 and each fiscal year thereafter: (1) if a local public body expends federal funds more than the current federal expenditure threshold requiring an audit ... (3) if a local public body has revenue, calculated on the cash basis of accounting, of: (a) less than one hundred thousand dollars ($100,000) ... (c) more than or equal to one hundred thousand dollars ($100,000) but less than one million dollars ($1,000,000)

    Updates the auditing and financial reporting requirements for local public bodies based on new thresholds.

Action History

  1. action postponed indefinitely

  2. Sent to Senate Health and Public Affairs Committee & Senate Finance Committee

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 111 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (111)

111 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

Who sponsors SB 511?
SB 511 is sponsored by Pete Campos (Democrat).
What is the current status of SB 511?
This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 511?
Track SB 511 free on One Click Politics — get push/email alerts when it moves.

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