SB 309 — LOTTERY DEPOSITS INTO TUITION FUND
Last action — action postponed indefinitely
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill is in committee in the Senate. Introduced February 04, 2026. It must pass committee before a floor vote.
Next likely step: a committee vote, then a floor vote in the Senate.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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In Committee
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
- Introduced introduced version Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill mandates that monthly net receipts from lottery sales be deposited into the Lottery Tuition Fund and establishes minimum annual deposit requirements, with provisions for reverting to a percentage of gross revenue if minimums are not met.
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6-24-24 NMSA 1978
at least twenty-seven percent of the gross→ as nearly as practicable the net revenueThe requirement for deposit is changed from a percentage of gross revenue to as nearly as practicable the net revenue.
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6-24-24 NMSA 1978
until December 31, 2008 and at least thirty percent of the gross revenue of the previous month thereafterThe time-limited deposit requirement for gross revenue is removed, setting a continuous requirement instead.
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6-24-24 NMSA 1978
In fiscal years 2027 through 2029, if the deposit of net revenue for two consecutive fiscal years is less than forty-three million dollars ($43,000,000) annually, the authority shall be required to deposit monthly thirty percent of the gross revenue of the previous month.
New conditions are added to require depositing thirty percent of gross revenue if net revenue falls below specified thresholds.
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6-24-24 NMSA 1978
In fiscal year 2030 and succeeding fiscal years, if the deposit of net revenue for two consecutive fiscal years is less than forty-five million dollars ($45,000,000) annually, the authority shall be required to deposit monthly thirty percent of the gross revenue of the previous month.
Establishes a new threshold for lower net revenue deposits in fiscal year 2030 and beyond.
Action History
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action postponed indefinitely
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DO PASS committee report adopted
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DO PASS committee report adopted
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germane
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Sent to Senate Committees' Committee & Senate Health and Public Affairs Committee & Senate Finance Committee
Sponsors
- Roberto "Bobby" J. Gonzales · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 111 not signed on
Sponsors (1)
- Roberto "Bobby" J. Gonzales Democrat
Co-sponsors (0)
None.
Not signed on (111)
111 members have not signed on to this bill.
Show all 111 →"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.
Subjects
Frequently asked questions
- Who sponsors SB 309?
- SB 309 is sponsored by Roberto "Bobby" J. Gonzales (Democrat).
- What is the current status of SB 309?
- This bill is in committee in the Senate. Introduced February 04, 2026. It must pass committee before a floor vote.
- Where can I track SB 309?
- Track SB 309 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 2 months ago · updated continuously
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