SB 115 — PUBLIC PROJECT REVOLVING FUND PROJECTS
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 January 23, 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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3 sponsors
3 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (3 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
979 added · 1371 removedPlain-language change summary
The updated version of SB 115 allows the New Mexico Finance Authority to make loans from the Public Project Revolving Fund specifically for public projects, without needing specific authorization for loans of one million dollars or less. This change is important because it streamlines the process for funding essential projects such as infrastructure and public facilities, making it easier for local organizations to access financial support quickly. This could lead to more timely improvements in communities across New Mexico.
SENATEAN FINANCEACT COMMITTEERELATING SUBSTITUTETO FORFINANCE; SENATE BILL 115 57TH LEGISLATURE - STATEOFNEWMEXICO- FIRST SESSION, 2025 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.
TheAUTHORIZING documentTHE isNEW aMEXICO toolFINANCE toAUTHORITY showTO amendmentsMAKE inLOANS contextFOR andPUBLIC cannotPROJECTS beFROM usedTHE forPUBLIC thePROJECT purposeREVOLVING ofFUND; adding amendments to legislation.
h AN ACT g o RELATING TO FINANCE;
AUTHORIZING THE NEW MEXICO FINANCE t hr g e i k AUTHORITY TO MAKE LOANS FOR PUBLIC PROJECTS FROM THE PUBLIC h r i s PROJECT REVOLVING FUND;
h6 , t, e u g e b l e e h BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
n d d i = = o h SECTION 1.
AUTHORIZATION OF PROJECTS.--Pursuant to l ] b ,d i a º e Section 6-21-6 NMSA 1978, the legislature authorizes the New r i = r t e w d m a n o Mexico finance authority to make loans from the public project drevolving mfund :for public projects as defined in Section 6-21-3 NMSA 1978.
b e d s º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e e a n e d r e l u [ A d SFC/SB 115 revolving fund for public projects as defined in Section 6-21-3 NMSA 1978.
the Alamogordo public school district in Otero county for land, building, equipment, furniture and SFC/SB 115 Page 1 machinery projects;
the city of Alamogordo in Otero county for land, h building, equipment, furniture, machinery, electric, water, u » r wastewater, water rights, solid waste, road, street, airport, t h g e parking facility, public transportation system, public l i h r i s recreational facility and refinancing projects;
h , e h 4.
the city of Albuquerque in Bernalillo county for t u g e b l land, building, equipment, furniture, machinery, electric, e e , gh n d d i = = o h water, wastewater, water rights, solid waste, road, street, l ] b ,d i a º r airport, parking facility, public transportation system, public e r = t e w d recreational facility and refinancing projects;
m5. a n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 2 - e a n e d r e l u [ A d SFC/SB 115 5.
the Belen consolidated school district in Valencia county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and SFC/SB 115 Page 2 refinancing projects;
the city of Belen in Valencia county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, h u » r parking facility, public transportation system, public t h g e recreational facility and refinancing projects;
l i h r 9.
Bernalillo county for land, building, equipment, i s h , e h furniture, machinery, electric, water, wastewater, water t u g e b l rights, solid waste, road, street, airport, parking facility, e e , gh n d d i public transportation system and public recreational facility = = o h l ] b ,d i a º r projects;
e r = t e w d 10.
the Bernalillo public school district in mSandoval acounty nfor oland, dbuilding, mequipment, :furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system and public recreational facility projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 3 - e a n e d r e l u [ A d SFC/SB 115 Sandoval county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system and public recreational facility projects;
SFC/SB 115 Page 3 13.
h 14.
the village of Bosque Farms in Valencia county u » r for land, building, equipment, furniture, machinery, electric, t h g e water, wastewater, water rights, solid waste, road, street, l i h r i s airport, parking facility, transportation system, public h , e h recreational facility and refinancing projects;
t u g e b l 15.
the Broadmoor Heights public improvement e e , gh n d d i = = o h district in Sandoval county for electric, water, wastewater, l ] b ,d i a º r water rights, solid waste, road, street, airport, parking e r = t e w d facility, public transportation system, public recreational mfacility aand nrefinancing oprojects; d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 4 - e a n e d r e l u [ A d SFC/SB 115 facility and refinancing projects;
the city of Carlsbad in Eddy county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system and public SFC/SB 115 Page 4 recreational facility projects;
the town of Carrizozo in Lincoln county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, h u » r airport, parking facility, public transportation system and t h g e public recreational facility projects;
l i h r 20.
the Central consolidated school district in San i s h , e h Juan county for land, building, equipment, furniture, t u g e b l machinery, electric, water, wastewater, water rights, solid e e , gh n d d i waste, road, street, airport, parking facility, public = = o h l ] b ,d i a º r transportation system, public recreational facility and e r = t e w d refinancing projects;
m21. a n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 5 - e a n e d r e l u [ A d SFC/SB 115 21.
the village of Cimarron in Colfax county for land, building, equipment, furniture, machinery, electric, SFC/SB 115 Page 5 water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system and public recreational facility projects;
h 24.
the Cimarron municipal school district in u » r Colfax county for land, building, equipment, furniture, t h g e machinery, electric, water, wastewater, water rights, solid l i h r i s waste, road, street, airport, parking facility, public h , e h transportation system, public recreational facility and t u g e b l refinancing projects;
e e , gh n d d i = = o h 25.
the town of Clayton in Union county for land, l ] b ,d i a º r building, equipment, furniture, machinery, electric, water, e r = t e w d wastewater, water rights, solid waste, road, street, airport, mparking afacility, npublic otransportation dsystem, mpublic :recreational facility and refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 6 - e a n e d r e l u [ A d SFC/SB 115 parking facility, public transportation system, public recreational facility and refinancing projects;
the Clovis municipal school district in Curry county for land, building, equipment, furniture, SFC/SB 115 Page 6 machinery and refinancing projects;
Show all 250 changed lines (210 more)
the city of Clovis in Curry county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, h u » r parking facility, public transportation system, public t h g e recreational facility and refinancing projects;
l i h r 30.
the Cobre consolidated school district in Grant i s h , e h county for land, building, equipment, furniture and machinery t u g e b l projects;
e e , gh n d d i 31.
the village of Columbus in Luna county for = = o h l ] b ,d i a º r land, building, equipment, furniture, machinery, electric, e r = t e w d water, wastewater, water rights, solid waste, road, street, mairport, aparking nfacility, opublic dtransportation msystem, :public recreational facility and refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 7 - e a n e d r e l u [ A d SFC/SB 115 airport, parking facility, public transportation system, public recreational facility and refinancing projects;
SFC/SB 115 Page 7 34.
Curry county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, h public transportation system and public recreational facility u » r projects;
t h g e 35.
the city of Deming in Luna county for land, l i h r i s building, equipment, furniture, machinery, electric, water, h , e h wastewater, water rights, solid waste, road, street, airport, t u g e b l parking facility, public transportation system, public e e , gh n d d i = = o h recreational facility and refinancing projects;
l ] b ,d i a º r 36.
the Deming public school district in Luna e r = t e w d county for land, building, equipment, furniture, machinery and mrefinancing aprojects; n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 8 - e a n e d r e l u [ A d SFC/SB 115 refinancing projects;
the village of Eagle Nest in Colfax county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, SFC/SB 115 Page 8 public recreational facility and refinancing projects;
the east Rio Arriba soil and water conservation district in Rio Arriba county for land, building, equipment, h furniture, machinery and refinancing projects;
g o 41.
the board of regents of eastern New Mexico t hr g e university in Roosevelt county for land, building, equipment, i k h r i s furniture and machinery projects;
h , t, 42.
the board of regents of eastern New Mexico e u g e b l university for the Roswell branch campus in Chaves county for e e h n d d i land, building, equipment, furniture and machinery projects;
= = o h l ] b ,d i a º e 43.
the board of regents of eastern New Mexico r i = r t e w d university for the Ruidoso branch campus in Lincoln county for mland, abuilding, nequipment, ofurniture dand mmachinery :projects;
b e d s º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 9 - e a n e d r e l u [ A d SFC/SB 115 land, building, equipment, furniture and machinery projects;
the El Valle de Los Ranchos water and sanitation district in Taos county for electric, water, SFC/SB 115 Page 9 wastewater, water rights and solid waste projects;
the city of Elephant Butte in Sierra county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public h recreational facility and refinancing projects;
u » r 48.
the town of Elida in Roosevelt county for t h g e electric, water, wastewater, water rights and solid waste l i h r i s projects;
h , e h 49.
the village of Encino in Torrance county for t u g e b l land, building, equipment, furniture, machinery, electric, e e , gh n d d i = = o h water, wastewater, water rights, solid waste, road, street, l ] b ,d i a º r airport, parking facility and public transportation system e r = t e w d projects;
m50. a n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 10 - e a n e d r e l u [ A d SFC/SB 115 50.
the Espanola public school district in Rio Arriba county for land, building, equipment, furniture, SFC/SB 115 Page 10 machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
the town of Estancia in Torrance county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, h u » r airport, parking facility, public transportation system and t h g e public recreational facility projects;
l i h r 54.
the Estates at la Cuentista public improvement i s h , e h district in Bernalillo county for electric, water, wastewater, t u g e b l water rights, solid waste, road, street, airport, parking e e , gh n d d i facility, public transportation system and public recreational = = o h l ] b ,d i a º r facility projects;
e r = t e w d 55.
the Farmington municipal school district in San mJuan acounty nfor oland, dbuilding, mequipment, :furniture, machinery, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 11 - e a n e d r e l u [ A d SFC/SB 115 Juan county for land, building, equipment, furniture, machinery, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
the Gadsden independent school district in SFC/SB 115 Page 11 Dona Ana county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility and public transportation system projects;
the city of Gallup in McKinley county for land, building, equipment, furniture, machinery, electric, water, h wastewater, water rights, solid waste, road, street, airport, u » r parking facility, public transportation system, public t h g e recreational facility and refinancing projects;
l i h r i s 59.
the Gallup-McKinley county school district in h , e h McKinley county for land, building, equipment, furniture, t u g e b l machinery and refinancing projects;
e e , gh n d d i = = o h 60.
the Gila regional medical center in Grant l ] b ,d i a º r county for land, building, equipment, furniture and machinery e r = t e w d projects;
m61. a n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 12 - e a n e d r e l u [ A d SFC/SB 115 61.
the town of Hagerman in Chaves county for SFC/SB 115 Page 12 land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste and public recreational facility projects;
h u » r 65.
the Hondo Valley public school district in t h g e Lincoln county for land, building, equipment, furniture, l i h r machinery, electric, water, wastewater, water rights, solid i s h , e h waste, road, street, airport, parking facility and public t u g e b l transportation system projects;
e e , gh n d d i 66.
Homewise, incorporated in Santa Fe county for = = o h l ] b ,d i a º r land, building, equipment, furniture, machinery, electric, e r = t e w d water, wastewater, water rights, solid waste, road, street, mairport, aparking nfacility oand dpublic mtransportation :system projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 13 - e a n e d r e l u [ A d SFC/SB 115 airport, parking facility and public transportation system projects;
the Indian Pueblo cultural center in Bernalillo county for land, building, equipment, furniture, SFC/SB 115 Page 13 machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
Indian Pueblos marketing, incorporated in Bernalillo county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public h transportation system, public recreational facility and u » r refinancing projects;
t h g e 70.
Indian Pueblos marketing, incorporated 3 in l i h r i s Bernalillo county for land, building, equipment, furniture, h , e h machinery, electric, water, wastewater, water rights, solid t u g e b l waste, road, street, airport, parking facility, public e e , gh n d d i = = o h transportation system, public recreational facility and l ] b ,d i a º r refinancing projects;
e r = t e w d 71.
Indian Pueblos marketing, incorporated 4 in mBernalillo acounty nfor oland, dbuilding, mequipment, :furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 14 - e a n e d r e l u [ A d SFC/SB 115 Bernalillo county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
Indian Pueblos marketing, incorporated 5 in Bernalillo county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid SFC/SB 115 Page 14 waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
h u » r 74.
the city of Jal in Lea county for land, t h g e building, equipment, furniture, machinery, electric, water, l i h r wastewater, water rights, solid waste, road, street, airport, i s h , e h parking facility, public transportation system and public t u g e b l recreational facility projects;
e e , gh n d d i 75.
the Jal public school district in Lea county = = o h l ] b ,d i a º r for land, building, equipment, furniture, machinery, electric, e r = t e w d water, wastewater, water rights, solid waste, road, street, mairport, aparking nfacility oand dpublic mtransportation :system projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 15 - e a n e d r e l u [ A d SFC/SB 115 airport, parking facility and public transportation system projects;
SFC/SB 115 Page 15 77.
Kewa enterprises, incorporated in Sandoval county for land, building, equipment, furniture and machinery h projects;
u » r 79.
Kewa gas, limited in Sandoval county for land, t h g e building, equipment, furniture and machinery projects;
l i h r i s 80.
the Kewa Pueblo health corporation in Sandoval h , e h county for land, building, equipment, furniture, machinery, t u g e b l electric, water, wastewater, water rights, solid waste, road, e e , gh n d d i = = o h street, airport, parking facility and public transportation l ] b ,d i a º r system projects;
e r = t e w d 81.
La Union mutual domestic sewer and water massociation ain nDona oAna dcounty mfor :refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 16 - e a n e d r e l u [ A d SFC/SB 115 association in Dona Ana county for refinancing projects;
the village of Logan in Quay county for land, building, equipment, furniture, machinery, electric, water, SFC/SB 115 Page 16 wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
Los Alamos county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, public h u » r facility, public transportation system, public recreational t h g e facility and refinancing projects;
l i h r 86.
Los Diamantes public improvement district in i s h , e h Sandoval county for electric, water, wastewater, water rights, t u g e b l solid waste, road, street, airport, parking facility, public e e , gh n d d i transportation system, public recreational facility and = = o h l ] b ,d i a º r refinancing projects;
e r = t e w d 87.
Los Diamantes tax incremental development mdistrict ain nSandoval ocounty dfor melectric, :water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 17 - e a n e d r e l u [ A d SFC/SB 115 district in Sandoval county for electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
SFC/SB 115 Page 17 89.
the village of Los Ranchos de Albuquerque in Bernalillo county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid h waste, road, street, airport, parking facility, public u » r transportation system, public recreational facility and t h g e refinancing projects;
l i h r i s 91.
the Loving municipal school district in Eddy h , e h county for land, building, equipment, furniture and machinery t u g e b l projects;
e e , gh n d d i = = o h 92.
the Lovington municipal school district in Lea l ] b ,d i a º r county for land, building, equipment, furniture, machinery, e r = t e w d road, street, airport, parking facility, public transportation msystem, apublic nrecreational ofacility dand mrefinancing :projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 18 - e a n e d r e l u [ A d SFC/SB 115 system, public recreational facility and refinancing projects;
the Mariposa public improvement district in Sandoval county for electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, SFC/SB 115 Page 18 public transportation system, public recreational facility and refinancing projects;
the Mesa Vista consolidated school district in Rio Arriba county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and h u » r refinancing projects;
t h g e 97.
the town of Mesilla in Dona Ana county for l i h r land, building, equipment, furniture, machinery, electric, i s h , e h water, wastewater, water rights, solid waste, road, street, t u g e b l airport, parking facility, public transportation system, public e e , gh n d d i recreational facility and refinancing projects;
= = o h l ] b ,d i a º r 98.
the village of Milan in Cibola county for land, ebuilding, requipment, =furniture, tmachinery, eelectric, wwater, dwastewater, building,water equipment,rights, furniture,solid machinery,waste, electric,road, water,street, mairport, aparking nfacility, opublic dtransportation msystem :and public recreational facility projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 19 - e a n e d r e l u [ A d SFC/SB 115 wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system and public recreational facility projects;
the Moriarty-Edgewood school district in SFC/SB 115 Page 19 Torrance county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights and solid waste projects;
the board of regents of the New Mexico h military institute in Chaves county for land, building, u » r equipment, furniture, machinery, public recreational facility t h g e and refinancing projects;
l i h r i s 103.
the board of regents of New Mexico state h , e h university for arrowhead center, inc.
in Dona Ana county for t u g e b l land, building, equipment, furniture, machinery, electric, e e , gh n d d i = = o h water, wastewater, water rights, solid waste, road, street, l ] b ,d i a º r airport, parking facility and public transportation system e r = t e w d projects;
m104. a n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 20 - e a n e d r e l u [ A d SFC/SB 115 104.
the board of regents of northern New Mexico state school in Rio Arriba county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking SFC/SB 115 Page 20 facility, public transportation system, public recreational facility and refinancing projects;
Otero county for land, building, equipment, h u » r furniture, machinery, road, street, airport, parking facility t h g e and public transportation system projects;
l i h r 109.
the Pojoaque Valley public school district in i s h , e h Santa Fe county for land, building, equipment, furniture, t u g e b l machinery, electric, water, wastewater, water rights, solid e e , gh n d d i waste, road, street, airport, parking facility, public = = o h l ] b ,d i a º r transportation system, public recreational facility and e r = t e w d refinancing projects;
m110. a n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 21 - e a n e d r e l u [ A d SFC/SB 115 110.
the city of Portales in Roosevelt county for land, building, equipment, furniture, machinery, electric, SFC/SB 115 Page 21 water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system and public recreational facility projects;
the Quemado independent school district in Catron county for land, building, equipment, furniture and h machinery projects;
u » r 114.
the village of Questa in Taos county for t h g e electric, water, wastewater, water rights, solid waste, road, l i h r i s street, airport, parking facility and public transportation h , e h system projects;
t u g e b l 115.
the Questa independent school district in Taos e e , gh n d d i = = o h county for land, building, equipment, furniture, machinery, l ] b ,d i a º r electric, water, wastewater, water rights, solid waste, road, e r = t e w d street, airport, parking facility, public transportation system mand apublic nrecreational ofacility dprojects; m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 22 - e a n e d r e l u [ A d SFC/SB 115 and public recreational facility projects;
the Raton public school district in Colfax county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system and public recreational facility SFC/SB 115 Page 22 projects;
the Rio Rancho public school district in h u » r Sandoval county for land, building, equipment, furniture, t h g e machinery, electric, water, wastewater, water rights, solid l i h r waste, road, street, airport, parking facility, public i s h , e h transportation system, public recreational facility and t u g e b l refinancing projects;
e e , gh n d d i 120.
Roosevelt county for land, building, = = o h l ] b ,d i a º r equipment, furniture, machinery, electric, water, wastewater, e r = t e w d water rights, solid waste, road, street, airport, parking mfacility aand npublic otransportation dsystem mprojects; :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 23 - e a n e d r e l u [ A d SFC/SB 115 facility and public transportation system projects;
the Ruidoso municipal school district in Lincoln county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public SFC/SB 115 Page 23 transportation system and refinancing projects;
the San Juan regional medical center in San Juan county for land, building, equipment, furniture, machinery h and refinancing projects;
u » r 125.
the village of San Ysidro in Sandoval county t h g e for land, building, equipment, furniture, machinery, electric, l i h r i s water, wastewater, water rights, solid waste, road, street, h , e h airport, parking facility and public transportation system t u g e b l projects;
e e , gh n d d i = = o h 126.
the Pueblo of Santa Ana in Sandoval county for l ] b ,d i a º r land, building, equipment, furniture, machinery, electric, e r = t e w d water, wastewater, water rights, solid waste, road, street, mairport, aparking nfacility, opublic dtransportation msystem, :public recreational facility and refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 24 - e a n e d r e l u [ A d SFC/SB 115 airport, parking facility, public transportation system, public recreational facility and refinancing projects;
the Santa Ana hospitality corporation in Sandoval county for land, building, equipment, furniture and SFC/SB 115 Page 24 machinery projects;
h u » r 131.
the city of Santa Fe in Santa Fe county for t h g e land, building, equipment, furniture, machinery, electric, l i h r water, wastewater, water rights, solid waste, road, street, i s h , e h airport, parking facility and public transportation system t u g e b l projects;
e e , gh n d d i 132.
the governing board of Santa Fe community = = o h l ] b ,d i a º r college in Santa Fe county for land, building, equipment, e r = t e w d furniture, machinery, electric, water, wastewater, water mrights, asolid nwaste, oroad, dstreet, mairport, :parking facility and public transportation system projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 25 - e a n e d r e l u [ A d SFC/SB 115 rights, solid waste, road, street, airport, parking facility and public transportation system projects;
Santa Fe county for land, building, SFC/SB 115 Page 25 equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system and public recreational facility projects;
Socorro county for land, building, equipment, h furniture and machinery projects;
u » r 137.
the south central solid waste authority in t h g e Dona Ana county for land, building, equipment, furniture, l i h r i s machinery, electric, water, wastewater, water rights, solid h , e h waste and refinancing projects;
t u g e b l 138.
the town of Springer in Colfax county for e e , gh n d d i = = o h land, building, equipment, furniture, machinery, electric, l ] b ,d i a º r water, wastewater, water rights, solid waste, road, street, e r = t e w d airport, parking facility, public transportation system, public mrecreational afacility nand orefinancing dprojects; m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 26 - e a n e d r e l u [ A d SFC/SB 115 recreational facility and refinancing projects;
the state parks division of the energy, minerals and natural resources department in Santa Fe county SFC/SB 115 Page 26 for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
h u » r 142.
the Tatum municipal school district in Lea t h g e county for land, building, equipment, furniture, public l i h r recreational facility and refinancing projects;
i s h , e h 143.
the Texico municipal school district in Curry t u g e b l and Roosevelt counties for land, building, equipment, furniture e e , gh n d d i and machinery projects;
= = o h l ] b ,d i a º r 144.
the Tierra del Oro public improvement district e r = t e w d in Sandoval county for electric, water, wastewater, water mrights, asolid nwaste, oroad, dstreet, mairport, :parking facility, public transportation system, public recreational SFC/SB 115 Page 27 facility and refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 27 - e a n e d r e l u [ A d SFC/SB 115 rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
h 148.
the Tucumcari public school district in Quay u » r county for land, building, equipment, furniture and machinery t h g e projects;
l i h r i s 149.
the 21st Century public academy in Bernalillo h , e h county for land, building, equipment, furniture, machinery, t u g e b l electric, water, wastewater, water rights, solid waste, road, e e , gh n d d i = = o h street, airport, parking facility, public transportation l ] b ,d i a º r system, public recreational facility and refinancing projects;
e r = t e w d 150.
the university of New Mexico medical group, mSFC/SB a115 nPage o28 dincorporated min :Bernalillo county for land, building, equipment, furniture, machinery and refinancing projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 28 - e a n e d r e l u [ A d SFC/SB 115 incorporated in Bernalillo county for land, building, equipment, furniture, machinery and refinancing projects;
the Wagon Mound public school district in Mora county for land, building, equipment, furniture and machinery h u » r projects;
t h g e 155.
the ACES technical charter school in l i h r Bernalillo county for land, building, equipment, furniture and i s h , e h machinery projects;
t u g e b l 156.
the Albuquerque talent development secondary e e , gh n d d i charter school in Bernalillo county for land, building, = = o h l ] b ,d i a º r equipment, furniture and machinery projects;
e r = t e w d 157.
the Aldo Leopold charter school in SFC/SB 115 Page 29 Grant mcounty afor nland, obuilding, dequipment, mfurniture :and machinery projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 29 - e a n e d r e l u [ A d SFC/SB 115 county for land, building, equipment, furniture and machinery projects;
Colfax county for land, building, equipment, h furniture, machinery, electric, water, wastewater, water u » r rights, solid waste, road, street, airport, parking facility, t h g e public transportation system and public recreational facility l i h r i s projects;
h , e h 162.
the Corona public school district in Lincoln t u g e b l county for land, building, equipment, furniture, machinery, e e , gh n d d i = = o h electric, water, wastewater, water rights, solid waste, road, l ] b ,d i a º r street, airport, parking facility, public transportationSFC/SB e115 rPage =30 ttransportation e w d system, public recreational facility and refinancing projects;
m163. a n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 30 - e a n e d r e l u [ A d SFC/SB 115 163.
the city of Eunice in Lea county for land, h building, equipment, furniture, machinery, electric, water, g o wastewater, water rights, solid waste, road, street, airport, t hr g e parking facility, public transportation system and public i k h r i s recreational facility projects;
h , t, 168.
the Explore academy-Las Cruces in Dona Ana e u g e b l county for land, building, equipment, furniture, machinery and e e h n d d i refinancing projects;
=SFC/SB =115 oPage h31 l ] b ,d i a º e 169.
the Explore academy-Rio Rancho in Sandoval rcounty ifor =land, rbuilding, tequipment, efurniture, wmachinery, delectric, countywater, forwastewater, land,water building,rights, equipment,solid furniture,waste, machinery,road, mstreet, aairport, nparking ofacility, dpublic mtransportation :system, public recreational facility and refinancing projects;
b e d s º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 31 - e a n e d r e l u [ A d SFC/SB 115 electric, water, wastewater, water rights, solid waste, road, street, airport, parking facility, public transportation system, public recreational facility and refinancing projects;
h 173.
the Hobbs municipal school district in Lea u » r county for land, building, equipment, furniture, machinery, t h g e electric, water, wastewater, water rights, solid waste, road, l i h r i s street, airport, parking facility, public transportation system h , e h and refinancing projects;
t u g e b l 174.
Paul Taylor academy in Dona Ana county eSFC/SB e115 ,Page gh32 n d d i = = o h for land, building, equipment, furniture and machinery l ] b ,d i a º r projects;
e r = t e w d 175.
the Laguna development corporation in mBernalillo acounty nfor oland, dbuilding, mequipment, :furniture, machinery, electric, water, wastewater, water rights and solid waste projects;
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 32 - e a n e d r e l u [ A d SFC/SB 115 Bernalillo county for land, building, equipment, furniture, machinery, electric, water, wastewater, water rights and solid waste projects;
h u » r 179.
the New America school-Las Cruces in Dona Ana t h g e county for refinancing projects;
l i h r 180.
the New Mexico academy for the media arts in i s h , e h Bernalillo county for land, building, equipment, furniture, tSFC/SB u115 gPage e33 b l machinery and refinancing projects;
e e , gh n d d i 181.
the New Mexico school for the arts in Santa Fe = = o h l ] b ,d i a º r county for land, building, equipment, furniture and machinery e r = t e w d projects;
m182. a n o d m :
b r e t º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 33 - e a n e d r e l u [ A d SFC/SB 115 182.
the Roy municipal school district in Harding h county for land, building, equipment, furniture and machinery g o projects;
t hr g e i k 187.
the city of Ruidoso Downs in Lincoln county h r i s for land, building, equipment, furniture, machinery, electric, h , t, water, wastewater, water rights, solid waste, road, street,SFC/SB e115 uPage g34 estreet, b l e e h airport, parking facility, public transportation system, public n d d i = = o h recreational facility and refinancing projects;
l ] b ,d i a º e 188.
the Sacramento school of engineering and r i = r t e w d science in Otero county for land, building, equipment, mfurniture aand nmachinery oprojects; d m :
b e d s º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 34 - e a n e d r e l u [ A d SFC/SB 115 furniture and machinery projects;
the Taos integrated school of the arts in Taos county for land, building, equipment, furniture and machinery h projects;
g o 193.
the Taos pueblo housing authority in Taos t hr g e county for land, building, equipment, furniture, machinery and i k h r i s public recreational facility projects;
hSFC/SB ,115 t,Page 35 194.
the Taos pueblo tribal utility service in Taos e u g e b l county for electric, water, wastewater, water rights and solid e e h n d d i waste projects;
= = o h l ] b ,d i a º e 195.
the ASK academy in Sandoval county for land, r i = r t e w d building, equipment, furniture, machinery and refinancing mprojects; a n o d m :
b e d s º o t n = .231314.1AIC March 15, 2025 (5:52pm) s k m e - 35 - e a n e d r e l u [ A d SFC/SB 115 projects;
HAFCº and»HAFC 199.
the board of regents of the university of New Mexico for the Los Alamos branch campus in Los Alamos county for land, building, equipment, furniture and machinery projectsprojects; h HAFCº .»HAFC HAFCº;
and»HAFCand g o HAFCº 200.
the board of regents of New Mexico state t hr g e i k university and the governing board of the Alamogordo branch h r i s community college district for the Alamogordo branch campus inSFC/SB h115 ,Page t,36 in Otero county for land, building, equipment, furniture, e u g e b l e e h machinery, water, wastewater, road and parking facility nprojects. d d i = = o h projects.»HAFC l ] b ,d i a º e SECTION 2.
VOIDINGSECTION OF2. AUTHORIZATION.--If a qualified r i = r t e w d m a n o entity listed in Section 1 of this act has not certified to the d m :
bVOIDING eOF dAUTHORIZATION.--If sa ºqualified oentity tlisted nin =Section .231314.1AIC1 Marchof 15,this 2025act (5:52pm)has snot kcertified mto ethe - 36 - e a n e d r e l u [ A d SFC/SB 115 New Mexico finance authority by the end of fiscal year 2028 its desire to continue to pursue a loan from the public project revolving fund for a public project listed in that section, the legislative authorization granted to the New Mexico finance authority by Section 1 of this act to make a loan from the public project revolving fund to that qualified entity for that public project is void.
-SFC/SB 37115 -Page »37 g25 o » r h t i k l i g t h s , e h t l i w l b l e e , gh 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 = .231314.1AIC March 15, 2025 (5:52pm) s k m e e a n e d r e l u [ A d
Show all 250 changed rows (210 more)
View plain text versions (4)
- Final Version View text Current pdf
- Amended Amendments in Context pdf
- Substitute FC substitute pdf
- Introduced introduced version pdf
Action History
-
Signed
-
Senate concurred in House amendments
-
passed House
-
DO PASS, as amended, committee report adopted
-
DO PASS committee report adopted
-
Sent to House Transportation, Public Works & Capital Improvements Committee & House Appropriations & Finance Committee
-
passed Senate
-
DO NOT PASS, replaced with committee substitute
-
DO PASS committee report adopted
-
Sent to Senate Conservation Committee & Senate Finance Committee
Sponsors
- Joy Garratt · Primary
- Patricia A. Lundstrom · Primary
- Michael Padilla · Primary
Sponsorship breakdown
Export CSV (upgrade) →3 sponsors · 0 co-sponsors · 109 not signed on · 3 voted No
Sponsors (3)
- Joy Garratt Democrat
- Patricia A. Lundstrom Democrat
- Michael Padilla Democrat
Co-sponsors (0)
None.
Not signed on (109)
109 members have not signed on to this bill.
Show all 109 →"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 | 37 | 0 | 0 | 3 |
| Republican | 23 | 0 | 0 | 1 |
| Unaffiliated | 5 | 0 | 0 | 1 |
| Total | 65 | 0 | 0 | 5 |
| % of votes cast | 93% | 0% | 0% | 7% |
How each member voted (70)
| Member | Party | Vote |
|---|---|---|
| Romero, GA | — | Yea |
| De La Cruz | — | Yea |
| Hernandez J.N. | — | Yea |
| Hernandez, J.F. | — | Yea |
| Roybal Caballero | — | Not Voting |
| Sena Cortez | — | Yea |
| 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 | Yea |
| 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 | Not Voting |
| 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 | Not Voting |
| 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 | Yea |
| Andrea Reeb | Republican | Yea |
| Angelita Mejia | Republican | Yea |
| Brian G. Baca | Republican | Yea |
| Catherine J. Cullen | Republican | Yea |
| Cathrynn N. Brown | Republican | Yea |
| Gail Armstrong | Republican | Yea |
| Harlan Vincent | Republican | Yea |
| Jack Chatfield | Republican | Yea |
| Jenifer Jones | Republican | Yea |
| Jimmy G. Mason | Republican | Yea |
| John Block | Republican | Yea |
| Jonathan A. Henry | Republican | Yea |
| Luis M. Terrazas | Republican | Not Voting |
| Mark B. Murphy | Republican | Yea |
| Mark Duncan | Republican | Yea |
| Martin R. Zamora | Republican | Yea |
| Nicole Chavez | Republican | Yea |
| Randall T. Pettigrew | Republican | Yea |
| Rebecca Dow | Republican | Yea |
| Rod Montoya | Republican | Yea |
| Stefani Lord | Republican | Yea |
| Tanya Mirabal Moya | Republican | Yea |
| William A. Hall II | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 21 | 0 | 0 | 4 |
| Republican | 11 | 3 | 0 | 1 |
| Unaffiliated | 2 | 0 | 0 | 0 |
| Total | 34 | 3 | 0 | 5 |
| % of votes cast | 81% | 7% | 0% | 12% |
How each member voted (42)
| Member | Party | Vote |
|---|---|---|
| PAUL | — | Yea |
| SEDILLO-LOPEZ | — | Yea |
| Angel M. Charley | Democrat | Not Voting |
| Antoinette Sedillo Lopez | Democrat | Not Voting |
| 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 | Not Voting |
| 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 | Yea |
| Shannon D. Pinto | Democrat | Not Voting |
| William P. Soules | Democrat | Yea |
| Anthony L. Thornton | Republican | Nay |
| Candy Spence Ezzell | Republican | Yea |
| Craig W. Brandt | Republican | Nay |
| Crystal Brantley | Republican | Yea |
| David M. Gallegos | Republican | Yea |
| Gabriel Ramos | Republican | Yea |
| James G. Townsend | Republican | Yea |
| Jay C. Block | Republican | Nay |
| Joshua A. Sanchez | Republican | Not Voting |
| Larry R. Scott | Republican | Yea |
| 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 115?
- SB 115 is sponsored by Joy Garratt (Democrat), Patricia A. Lundstrom (Democrat), and Michael Padilla (Democrat).
- What is the current status of SB 115?
- This bill has been enacted into law. Introduced January 23, 2025. Enacted.
- Where can I track SB 115?
- Track SB 115 free on One Click Politics — get push/email alerts when it moves.
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