New Mexico legislation · 2026 Regular Session
New Mexico HB4: HEALTH CARE AFFORDABILITY FUND DISTRIBUTIONS
Status: Signed into law, March 6, 2026
What the bill says
An act relating to health care affordability; adjusting the distributions to the health care affordability fund and the behavioral health program fund; requiring unexpended money in the behavioral health program fund to revert to the health care affordability fund at the end of a fiscal year.
From the enrolled text, March 6, 2026:
AN ACT RELATING TO HEALTH CARE AFFORDABILITY; ADJUSTING THE DISTRIBUTIONS TO THE HEALTH CARE AFFORDABILITY FUND AND THE BEHAVIORAL HEALTH PROGRAM FUND; REQUIRING UNEXPENDED MONEY IN THE BEHAVIORAL HEALTH PROGRAM FUND TO REVERT TO THE HEALTH CARE AFFORDABILITY FUND AT THE END OF A FISCAL YEAR. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 7-1-6.69 NMSA 1978 (being Laws 2021, Chapter 136, Section 1, as amended) is amended to read: "7-1-6.69. DISTRIBUTION--HEALTH INSURANCE PREMIUM SURTAX--HEALTH CARE AFFORDABILITY FUND--BEHAVIORAL HEALTH PROGRAM FUND.-- A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the health care affordability fund in an amount equal to the following amounts of the net receipts attributable to the health insurance premium surtax; provided that if the rate of the health insurance premium surtax is reduced pursuant to Subsection F of Section 7-40-3 NMSA 1978, no distribution pursuant to this section shall be made: (1) beginning September 1, 2025 and prior to September 1, 2027, fifty-five percent; (2) beginning September 1, 2027 and prior to September 1, 2028, eighty percent; and (3) beginning September 1, 2028, ninety-five HAFC/HB 4/a Page percent. B. Beginning September 1, 2028, a distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the behavioral health program fund in an amount equal to …
Sponsors
- Reena Szczepanski (D, HD-047) · primary sponsor
- Elizabeth "Liz" Thomson (D, HD-024)
- Roberto "Bobby" J. Gonzales (D, SD-006)
- Joseph Franklin Hernandez (D, HD-004)
- Anita Gonzales (D, HD-070)
Latest actions
- : Signed by Governor - Chapter 39 - Mar. 6
- : House has concurred with Senate Amendments
- : Passed in the Senate - Y:24 N:12
- : SFC: Reported by committee with Do Pass recommendation with amendment(s)
- : Sent to SFC - Referrals: SFC
- : Passed in the House of Representatives - Y:48 N:19
- : HAFC: Reported by committee with Do Not Pass but with a Do Pass recommendation on Committee Substitution
- : HHHC: Reported by committee with Do Pass recommendation
- : Sent to HHHC - Referrals: HHHC/HAFC
Votes
- Senate Floor Vote (February 18, 2026): 24 yea, 12 nay, passed
- House Floor Vote (February 12, 2026): 48 yea, 19 nay, passed
Subjects: HEALTH & HEALTH FACILITIES, FINANCE, PUBLIC
Common questions
- What is HB4?
- HB4 is a bill in the New Mexico Legislature (2026 Regular Session): HEALTH CARE AFFORDABILITY FUND DISTRIBUTIONS.
- What does HB4 do?
- In its own words: An act relating to health care affordability; adjusting the distributions to the health care affordability fund and the behavioral health program fund; requiring unexpended money in the behavioral health program fund to revert to the health care affordability fund at the end of a fiscal year.
- What is the status of HB4?
- Signed into law as of March 6, 2026. Latest action: Signed by Governor - Chapter 39 - Mar. 6 (March 6, 2026).
- Who sponsored HB4?
- Reena Szczepanski (D, HD-047), with 4 co-sponsors.
- Where is the official record for HB4?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=4&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.