SB 155 — DETERMINATION OF EMBEZZLEMENT PENALTY

SENATEAN BILLACT 155RELATING 57THTO LEGISLATUREEMBEZZLEMENT; - STATE OF NEW MEXICO - FIRST SESSION, 2025 INTRODUCED BY Antonio Maestas This document may incorporate amendments proposed by a committee, but not yet adopted, as well as amendments that have been adopted during the current legislative session.

TheALLOWING documentA isTWELVE-MONTH aAGGREGATION toolOF toINCIDENTS showOF amendmentsEMBEZZLEMENT inTO contextDETERMINE andPENALTY. cannot be used for the purpose of adding amendments to legislation.

h5 ANBE ACTIT gENACTED oBY RELATINGTHE TOLEGISLATURE EMBEZZLEMENT;OF THE STATE OF NEW MEXICO:

ALLOWINGSECTION A1. TWELVE-MONTH AGGREGATION t hr g e i k OF INCIDENTS OF EMBEZZLEMENT TO DETERMINE PENALTY.

hSection r30-16-8 iNMSA s1978 h(being ,Laws t,1963, BEChapter IT303, ENACTEDSection BY16-7, THEas LEGISLATUREamended) OFis THEamended STATEto OFread: NEW MEXICO:

e"30-16-8. u g e b l e e h SECTION 1.

SectionEMBEZZLEMENT.-- 30-16-8A. NMSA 1978 (being Laws 1963, n d d i = = o h Chapter 303, Section 16-7, as amended) is amended to read:

lEmbezzlement ]consists bof ,da iperson aembezzling ºor econverting "30-16-8.to the person's own use anything of value, with which the person has been entrusted, with fraudulent intent to deprive the owner thereof.

EMBEZZLEMENT.-- r i = r t e w d m a n o A.

Embezzlement consists of a person embezzling or d m :

b e d s º o t n = .229799.1GLGAIC February 19, 2025 (9:41pm) s k m e e a n e d r e l u [ A d converting to the person's own use anything of value, with which the person has been entrusted, with fraudulent intent to deprive the owner thereof.

Whoever commits embezzlement when the value of the thing embezzled or converted is two hundred fifty dollars ($250) or less SJCº against any one victim»SJCvictim in any consecutive twelve-month period is guilty of a petty misdemeanor.

Whoever commits embezzlement when the value of the thing embezzled or converted is over two hundred fifty dollars ($250) but not more than five hundred dollars ($500) SJCº against any one victim»SJCvictim in any consecutive twelve-month period is guilty of a misdemeanor.

Whoever commits embezzlement when the value of the thing embezzled or converted is over five hundred dollars ($500) but not more than two thousand five hundred dollars h ($2,500) SJCº against any one victim»SJCvictim in any consecutive gSB o155 tPage hr1 twelve-month period is guilty of a fourth degree felony.

g e i k E.

Whoever commits embezzlement when the value of h r i s the thing embezzled or converted is over two thousand five h , t, e u g hundred dollars ($2,500) but not more than twenty thousand e b l e e h dollars ($20,000) SJCº against any one victim»SJCvictim in any n d d i = = o h consecutive twelve-month period is guilty of a third degree l ] b ,d i a º e felony.

r i = r t e w d m a n o F.

Whoever commits embezzlement when the value of dthe mthing :embezzled or converted exceeds twenty thousand dollars ($20,000) against any one victim in any consecutive twelve-month period is guilty of a second degree felony." SECTION 2.

bEFFECTIVE eDATE.--The deffective sdate ºof o t n = .229799.1GLGAIC February 19, 2025 (9:41pm) s k m e - 2 - e a n e d r e l u [ A d the thingprovisions embezzledof orthis convertedact exceeds twenty thousand dollars ($20,000) SJCº against any one victim»SJC in any consecutive twelve-month period is guiltyJuly of1, a2025. second degree felony." SJCº SECTION 2.

EFFECTIVESB DATE.--The155 effectivePage date2 of25 the provisions of this act is July 1, 2025.»SJC - 3 - » g o » r h t i k l i g t h s , e h t l i w l b l e e , g n d l h = = b , a l º d i a r e r = , a t e d m a n o d m :

b r e t º o t n = .229799.1GLGAIC February 19, 2025 (9:41pm) s k em e e a n e d r e l u [ A d