SB 274 — BOARD OF FINANCE APPROVAL FOR LAND SALES
Last action — Signed
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 04, 2025. Enacted.
Signed by Governor Michelle Lujan Grisham (Democratic) on April 08, 2025.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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2 sponsors
2 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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Cleared a recorded vote
Passed 2 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Bill Text
What changed in the latest version
274 added · 501 removedPlain-language change summary
The amendment to Bill SB 274 raises the limit for when state agencies and local public bodies need approval from the State Board of Finance to sell, trade, or lease property. Specifically, properties valued at $30,000 or less can be disposed of without needing this extra oversight, allowing for faster and easier management of surplus or unusable items. This change is significant because it streamlines the process for public entities, saving time and resources when dealing with outdated or non-functional property.
SENATEAN BILLACT 274RELATING 57THTO LEGISLATUREPUBLIC -PROPERTY; STATE OF NEW MEXICO - FIRST SESSION, 2025 INTRODUCED BY Peter Wirth and Tara L.
LujanCHANGING ThisTHE documentTHRESHOLD mayFOR incorporateSTATE amendmentsBOARD proposedOF byFINANCE aAPPROVAL committee,ON butSALES, notTRADES yetOR adopted,LEASES asOF wellPROPERTY asBY amendmentsSTATE thatAGENCIES haveAND beenLOCAL adoptedPUBLIC duringBODIES. the current legislative session.
The6 documentBE isIT aENACTED toolBY toTHE showLEGISLATURE amendmentsOF inTHE contextSTATE andOF cannotNEW beMEXICO: used for the purpose of adding amendments to legislation.
hSECTION AN1. ACT g o RELATING TO PUBLIC PROPERTY;
CHANGINGSection THE13-6-1 THRESHOLDNMSA FOR1978 STATE(being tLaws hr1961, gChapter e100, iSection k1, BOARDas OFamended) FINANCEis APPROVALamended ONto SALES,read: TRADES OR LEASES OF h r i s PROPERTY BY STATE AGENCIES AND LOCAL PUBLIC BODIES.
h"13-6-1. , t, e u g e b l e e h BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
nDISPOSITION dOF dOBSOLETE, iWORN-OUT =OR =UNUSABLE oTANGIBLE hPERSONAL SECTIONPROPERTY.-- 1.A.
SectionThe 13-6-1governing NMSAauthority 1978of (beingeach Lawsstate 1961,agency, llocal ]public bbody ,dand ischool adistrict ºmay edispose Chapterof 100,any Sectionitem 1,of astangible amended)personal isproperty amendedbelonging to read:that authority and delete the item from its public inventory upon a specific finding by the authority that the item of property is:
r(1) iof =a rcurrent tresale evalue wof dthirty mthousand adollars n($30,000) oor "13-6-1.less;
DISPOSITION OF OBSOLETE, WORN-OUT OR UNUSABLE d m :
b e d s º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e e a n e d r e l u [ A d TANGIBLE PERSONAL PROPERTY.-- A.
The governing authority of each state agency, local public body and school district [and state educational institution] may dispose of any item of tangible personal property belonging to that authority and delete the item from its public inventory upon a specific finding by the authority that the item of property is:
(1) of a current resale value of [five thousand dollars ($5,000)] thirty thousand dollars ($30,000) or less;
(1) designate a committee of at least three h officials of the governing authority to approve and oversee theSB u274 »Page r1 the disposition;
and t h g e l i (2) give notification at least thirty days h r i s prior to its action making the deletion by sending a copy of h , e h its official finding and the proposed disposition of the t u g e b l e e , gh property to the state auditor and the appropriate approval n d d i = = o h authority designated in Section 13-6-2 NMSA 1978, duly sworn l ] b ,d i a º r and subscribed under oath by each member of the authority e r = t e w d m a n o approving the action.
dC. m :
b r e t º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e - 2 - e a n e d r e l u [ A d C.
The governing authority shall dispose of the tangible personal property by negotiated sale to any governmental unit of an Indian nation, tribe or pueblo in New Mexico or by negotiated sale or donation to other state agencies, local public bodies, school districts [state educational institutions] or municipalities or through the central purchasing office of the governing authority by means of competitive sealed bid or public auction or, if a state agency, through the surplus property bureau of the transportation services division of the general services department.
h E.
A state agency shall give the surplus property u » r bureau of the transportation services division of the general tSB h274 gPage e2 l i services department the right of first refusal when disposing h r i s of obsolete, worn-out or unusable tangible personal property of h , e h the state agency.
t u g e b l e e , gh F.
If the governing authority is unable to dispose n d d i = = o h of the tangible personal property pursuant to Subsection D or E l ] b ,d i a º r of this section, the governing authority may sell or, if the e r = t e w d m a n o property has no value, donate the property to any organization ddescribed min :Section 501(c)(3) of the Internal Revenue Code of 1986.
b r e t º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e - 3 - e a n e d r e l u [ A d described in Section 501(c)(3) of the Internal Revenue Code of 1986.
No tangible personal property shall be donated to an employee or relative of an employee of a state agency, local public body or school districtdistrict; [or state educational institution];
provided that nothing in this subsection h precludes an employee from participating and bidding for public u » r property at a public auction.
t h g e l i J.
This section shall not apply to any property hSB r274 iPage s3 acquired by a museum through abandonment procedures pursuant to h , e h the Abandoned Cultural Properties Act.
t u g e b l e e , gh K.
Notwithstanding the provisions of Subsection A n d d i = = o h of this section, the department of transportation may sell l ] b ,d i a º r through public auction or dispose of surplus tangible personal e r = t e w d m a n o property used to manage, maintain or build roads that exceeds dthirty mthousand :dollars ($30,000) in value.
b r e t º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e - 4 - e a n e d r e l u [ A d [five thousand dollars ($5,000)] thirty thousand dollars ($30,000) in value.
If the secretary of public safety finds that [the] a K-9 dog presents no threat to public safety, the K-9 dog shall be released from public ownership as provided in this subsection.
If both of the above fail, the K-9 dog shall only be sold to a qualified individual found capable of providing a good home to the animal." h SECTION 2.
Section 13-6-2 NMSA 1978 (being Laws 1979, g o t hr Chapter 195, Section 3, as amended) is amended to read:
g e i k "13-6-2.
SALE OF PROPERTY BY STATE AGENCIES OR LOCAL hSB r274 iPage s4 PUBLIC BODIES--AUTHORITY TO SELL OR DISPOSE OF PROPERTY-- h , t, APPROVAL OF APPROPRIATE APPROVAL AUTHORITY.-- e u g e b l e e h A.
Providing a written determination has been made, n d d i = = o h a state agency, local public body or school district [or state l ] b ,d i a º e educational institution] may sell or otherwise dispose of real r i = r t e w d m a n o or tangible personal property belonging to the state agency, dlocal mpublic :body or school district.
b e d s º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e - 5 - e a n e d r e l u [ A d local public body or school district [or state educational institution].
A state agency, local public body or school district [or state educational institution ] may sell or otherwise dispose of real property:
(2) by negotiated sale or donation to other state agencies, local public bodies or school districtsdistricts; [or state educational institutions];
(3) through the central purchasing office of h the state agency, local public body or school district [or g o t hr state educational institution] by means of competitive sealed g e i k bid, public auction or negotiated sale to a private person or h r i s to an Indian nation, tribe or pueblo in New Mexico;
Show all 76 changed lines (36 more)
or h , t, (4) if a state agency, through the surplus e u g e b l e e h property bureau of the transportation services division of theSB n274 dPage d5 ithe = = o h general services department.
l ] b ,d i a º e C.
A state agency shall give the surplus property rbureau iof =the rtransportation tservices edivision wof dthe mgeneral aservices ndepartment othe bureauright of thefirst transportationrefusal servicesto divisiondispose of thetangible generalpersonal dproperty mof :the state agency.
b e d s º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e - 6 - e a n e d r e l u [ A d services department the right of first refusal to dispose of tangible personal property of the state agency.
Except as provided in Section 13-6-2.1 NMSA 1978 requiring state board of finance approval for certain transactions, sale or disposition of real or tangible personal property having a current resale value of more than [five thousand dollars ($5,000)] thirty thousand dollars ($30,000) may be made by a state agency, local public body or school district [or state educational institution ] if the sale or disposition has been approved by the state budget division of the department of finance and administration for state agencies, the local government division of the department of finance and administration for local public bodies other than h community colleges, the public education department for school u » r districts and the higher education department for [statecommunity tcolleges. h g e l i educational institutions] SFCºcommunity colleges»SFC .
h r i s E.
Prior approval of the appropriate approval h , e h authority is not required if the value of the real or tangible t u g e b l e e , gh personal property is less than thirty thousand dollars n d d i = = o h ($30,000) or the tangible personal property is to be usedSB as274 aPage l6 ]used bas ,d i a º r trade-in or exchange pursuant to the provisions of the e r = t e w d m a n o Procurement Code.
dF. m :
bThe rappropriate eapproval tauthority ºmay ocondition tthe napproval =of .230344.2SAAICthe Marchsale 4,or 2025other (2:00pm)disposition sof kreal mor etangible -personal 7property -upon ethe aproperty nbeing eoffered dfor rsale eor ldonation uto [a Astate dagency, F.local public body or school district.
The appropriate approval authority may condition the approval of the sale or other disposition of real or tangible personal property upon the property being offered for sale or donation to a state agency, local public body or school district [or state educational institution ].
The state agency, local public body or school district [or state educational institution] may convey all or any interest in the real or tangible personal property without warranty.
(3) the New Mexico state police division of h the department of public safety;
g o t hr (4) the state land office or the department of g e i k transportation;
h r i s (5) property acquired by a museum through h , t, abandonment procedures pursuant to the Abandoned Cultural e u g e b l e e h Properties Act;
nSB d274 dPage i7 = = o h (6) leases of county hospitals with any person l ] b ,d i a º e pursuant to the Hospital Funding Act;
r(7) iproperty =acquired rby tthe eeconomic wdevelopment ddepartment mpursuant ato n o (7) property acquired by the economicStatewide dEconomic mDevelopment :Finance Act;
b e d s º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e - 8 - e a n e d r e l u [ A d development department pursuant to the Statewide Economic Development Finance Act;
Except [as provided in ] for sales, trades or leases approved pursuant to Section 13-6-3 NMSA 1978, [for state agencies] any sale, trade or lease [for a period] of real property belonging to a state agency, local public body or school district for more than five years [of real property belonging to a state agency, local public body or school district or any sale, trade or lease of such real property] or for a consideration of more than [twenty-five thousand dollars h ($25,000) shall not be valid unless it is] one hundred fifty g o t hr thousand dollars ($150,000) shall be approved by the state g e i k board of finance prior to its effective datedate. [by the state h r i s board of finance].
h , t, B.
The provisions of this section shall not be e u g e b l e e h applicable to:
n d d i = = o h (1) those institutions specifically enumerated l ] b ,d i a º e in Article 12, Section 11 of the constitution of New Mexico;
r i = r t e w d m a n o (2) the state land office;
d(3) mthe :state transportation commission;
bSB e274 dPage s8 º(4) othe teconomic ndevelopment =department .230344.2SAAICwhen Marchdisposing 4,of 2025property (2:00pm)acquired spursuant kto mthe eStatewide -Economic 9Development -Finance eAct; a n e d r e l u [ A d (3) the state transportation commission;
(4) the economic development department when disposing of property acquired pursuant to the Statewide Economic Development Finance Act;
Any sale, trade or lease for a period exceeding twenty-five years in duration of real property belonging to any state agency, which sale, trade or lease shall be for a consideration of [one hundred thousand dollars ($100,000) ] five h hundred fifty thousand dollars ($550,000) or more, shall be g o t hr subject to the ratification and approval of the state g e i k legislature prior to the sale, trade or lease becoming h r i s effective.
[TheB. provision specified in Section 13-6-2 NMSA h , t, 1978 requiring approval of the state budget division of the e u g e b l e e h department of finance and administration as a prerequisite to n d d i = = o h consummating such sales or dispositions of realty shall not be l ] b ,d i a º e applicable in instances wherein the consideration for the sale, r i = r t e w d m a n o trade or lease shall be for a consideration of one hundred d m :
bThe eprovisions dof sthis ºsection oshall tnot nbe =applicable .230344.2SAAICas Marchto 4,those 2025institutions (2:00pm)specifically senumerated kin mArticle e12, -Section 1011 -of ethe aconstitution nof eNew dMexico, rthe estate lland uoffice, [the Astate dtransportation thousandcommission dollars ($100,000) or morethe andeconomic whereindevelopment adepartment statewhen agencydisposing not specifically excepted by Subsection B of thisproperty sectionacquired ispursuant ato contracting party, and, in every such instance, the legislatureStatewide shallEconomic specifySB its274 approvalPage prior9 toDevelopment theFinance sale,Act." tradeSECTION or5. lease becoming effective.] B.
The provisions of this section shall not be applicable as to those institutions specifically enumerated in Article 12, Section 11 of the constitution of New Mexico, the state land office, the state transportation commission or the economic development department when disposing of property acquired pursuant to the Statewide Economic Development Finance Act." SECTION 5.
h A.
"local public body" means all political u » r subdivisions [except ] of the state, including their agencies, t h g e l i instrumentalities and institutions, and includes community h r i s colleges but excludes municipalities and school districtsdistricts; [of h , e h the state and their agencies, instrumentalities and t u g e b l e e , gh institutions];
n d d i = = o h B.
"state agency" means the state [of New Mexico ] l ] b ,d i a º r or any of its branches, agencies, departments, boards, e r = t e w d m a n o instrumentalities or institutions other than state educational dinstitutions; m :
b r e t º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e - 11 - e a n e d r e l u [ A d institutions;
-SB 12274 -Page h10 u25 » r t h g e l i h r i s h , e h t u g e b l e e , gh n d d i = = o h l ] b ,d i a º r e r = t e w d m a n o d m :
b r e t º o t n = .230344.2SAAIC March 4, 2025 (2:00pm) s k m e e a n e d r e l u [ A d
Show all 76 changed rows (36 more)
View plain text versions (3)
- Final Version View text Current pdf
- Amended Amendments in Context pdf
- Introduced introduced version pdf
Action History
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Signed
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passed House
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DO PASS committee report adopted
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withdrawn from committee
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Sent to House Commerce & Economic Development Committee & House Judiciary Committee
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passed Senate
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DO PASS, as amended, committee report adopted
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DO PASS committee report adopted
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Sent to Senate Rules Committee & Senate Finance Committee
Sponsors
- Tara L. Lujan · Primary
- Peter Wirth · Primary
Sponsorship breakdown
Export CSV (upgrade) →2 sponsors · 0 co-sponsors · 110 not signed on · 5 voted No
Sponsors (2)
- Lujan, Tara L.
- Peter Wirth Democrat
Co-sponsors (0)
None.
Not signed on (110)
110 members have not signed on to this bill.
Show all 110 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 38 | 0 | 0 | 2 |
| Republican | 18 | 4 | 0 | 2 |
| Unaffiliated | 4 | 1 | 0 | 1 |
| Total | 60 | 5 | 0 | 5 |
| % of votes cast | 86% | 7% | 0% | 7% |
How each member voted (70)
| Member | Party | Vote |
|---|---|---|
| Romero, GA | — | Yea |
| De La Cruz | — | Yea |
| Hernandez J.N. | — | Not Voting |
| Hernandez, J.F. | — | Yea |
| Roybal Caballero | — | Yea |
| Sena Cortez | — | Nay |
| Andrea Romero | Democrat | Yea |
| Angelica Rubio | Democrat | Yea |
| Anita Gonzales | Democrat | Yea |
| Charlotte Little | Democrat | Yea |
| Christine Chandler | Democrat | Yea |
| Cristina Parajón | Democrat | Yea |
| Cynthia Borrego | Democrat | Yea |
| D. Wonda Johnson | Democrat | Yea |
| Dayan Hochman-Vigil | Democrat | Yea |
| Debra M. Sariñana | Democrat | Not Voting |
| Derrick J. Lente | Democrat | Yea |
| Doreen Y. Gallegos | Democrat | Not Voting |
| E. Diane Torres-Velásquez | Democrat | Yea |
| Eleanor Chávez | Democrat | Yea |
| Elizabeth "Liz" Thomson | Democrat | Yea |
| Janelle Anyanonu | Democrat | Yea |
| Javier Martínez | Democrat | Yea |
| Joanne J. Ferrary | Democrat | Yea |
| Joseph Sanchez | Democrat | Yea |
| Joy Garratt | Democrat | Yea |
| Kathleen Cates | Democrat | Yea |
| Kristina Ortez | Democrat | Yea |
| Linda Serrato | Democrat | Yea |
| Marian Matthews | Democrat | Yea |
| Marianna Anaya | Democrat | Yea |
| Martha Garcia | Democrat | Yea |
| Matthew McQueen | Democrat | Yea |
| Meredith A. Dixon | Democrat | Yea |
| Micaela Lara Cadena | Democrat | Yea |
| Michelle Paulene Abeyta | Democrat | Yea |
| Miguel P. García | Democrat | Yea |
| Nathan P. Small | Democrat | Yea |
| Pamelya Herndon | Democrat | Yea |
| Patricia A. Lundstrom | Democrat | Yea |
| Raymundo Lara | Democrat | Yea |
| Reena Szczepanski | Democrat | Yea |
| Sarah Silva | Democrat | Yea |
| Susan K. Herrera | Democrat | Yea |
| Tara L. Lujan | Democrat | Yea |
| Yanira Gurrola | Democrat | Yea |
| Alan T. Martinez | Republican | Not Voting |
| Andrea Reeb | Republican | Yea |
| Angelita Mejia | Republican | Nay |
| Brian G. Baca | Republican | Yea |
| Catherine J. Cullen | Republican | Yea |
| Cathrynn N. Brown | Republican | Yea |
| Gail Armstrong | Republican | Yea |
| Harlan Vincent | Republican | Nay |
| Jack Chatfield | Republican | Yea |
| Jenifer Jones | Republican | Yea |
| Jimmy G. Mason | Republican | Yea |
| John Block | Republican | Nay |
| Jonathan A. Henry | Republican | Yea |
| Luis M. Terrazas | Republican | Yea |
| Mark B. Murphy | Republican | Yea |
| Mark Duncan | Republican | Yea |
| Martin R. Zamora | Republican | Yea |
| Nicole Chavez | Republican | Yea |
| Randall T. Pettigrew | Republican | Nay |
| Rebecca Dow | Republican | Yea |
| Rod Montoya | Republican | Yea |
| Stefani Lord | Republican | Not Voting |
| Tanya Mirabal Moya | Republican | Yea |
| William A. Hall II | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 24 | 0 | 0 | 1 |
| Republican | 13 | 0 | 0 | 2 |
| Unaffiliated | 2 | 0 | 0 | 0 |
| Total | 39 | 0 | 0 | 3 |
| % of votes cast | 93% | 0% | 0% | 7% |
How each member voted (42)
| Member | Party | Vote |
|---|---|---|
| PAUL | — | Yea |
| SEDILLO-LOPEZ | — | Yea |
| Angel M. Charley | Democrat | Yea |
| Antoinette Sedillo Lopez | Democrat | Yea |
| Antonio Maestas | Democrat | Yea |
| Benny Shendo, Jr. | Democrat | Yea |
| Carrie Hamblen | Democrat | Yea |
| Cindy Nava | Democrat | Yea |
| Elizabeth "Liz" Stefanics | Democrat | Yea |
| George K. Muñoz | Democrat | Yea |
| Harold Pope | Democrat | Yea |
| Heather Berghmans | Democrat | Yea |
| Jeff Steinborn | Democrat | Yea |
| Joseph Cervantes | Democrat | Yea |
| Katy Duhigg | Democrat | Yea |
| Leo Jaramillo | Democrat | Yea |
| Linda M. Trujillo | Democrat | Yea |
| Martin Hickey | Democrat | Yea |
| Micaelita Debbie O'Malley | Democrat | Yea |
| Michael Padilla | Democrat | Yea |
| Mimi Stewart | Democrat | Yea |
| Natalie Figueroa | Democrat | Yea |
| Pete Campos | Democrat | Yea |
| Peter Wirth | Democrat | Yea |
| Roberto "Bobby" J. Gonzales | Democrat | Not Voting |
| Shannon D. Pinto | Democrat | Yea |
| William P. Soules | Democrat | Yea |
| Anthony L. Thornton | Republican | Yea |
| Candy Spence Ezzell | Republican | Yea |
| Craig W. Brandt | Republican | Not Voting |
| Crystal Brantley | Republican | Yea |
| David M. Gallegos | Republican | Yea |
| Gabriel Ramos | Republican | Yea |
| James G. Townsend | Republican | Yea |
| Jay C. Block | Republican | Yea |
| Joshua A. Sanchez | Republican | Yea |
| Larry R. Scott | Republican | Not Voting |
| Nicole Tobiassen | Republican | Yea |
| Pat Boone | Republican | Yea |
| Pat Woods | Republican | Yea |
| Steve D. Lanier | Republican | Yea |
| William E. Sharer | Republican | Yea |
Subjects
Frequently asked questions
- Who sponsors SB 274?
- SB 274 is sponsored by Lujan, Tara L. and Peter Wirth (Democrat).
- What is the current status of SB 274?
- This bill has been enacted into law. Introduced February 04, 2025. Enacted.
- Where can I track SB 274?
- Track SB 274 free on One Click Politics — get push/email alerts when it moves.
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