New Mexico legislation · 2026 Regular Session
New Mexico HB88: LAND GRANT-MERCED ASSISTANCE FUND CHANGES
Status: Passed one chamber, February 13, 2026
What the bill says
An act relating to land grants; amending the land grant-merced assistance fund to change the requirement thresholds for full and seventy-five percent distributions from the fund; making the land grant-merced assistance fund nonreverting; making technical changes.
From the introduced text, January 15, 2026:
AN ACT RELATING TO LAND GRANTS; AMENDING THE LAND GRANT-MERCED ASSISTANCE FUND TO CHANGE THE REQUIREMENT THRESHOLDS FOR FULL AND SEVENTY-FIVE PERCENT DISTRIBUTIONS FROM THE FUND; MAKING THE LAND GRANT-MERCED ASSISTANCE FUND NONREVERTING; MAKING TECHNICAL CHANGES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 49-11-6 NMSA 1978 (being Laws 2022, Chapter 32, Section 2) is amended to read: "49-11-6. LAND GRANT-MERCED ASSISTANCE FUND CREATED-- DISTRIBUTION.-- A. The "land grant-merced assistance fund" is created as a nonreverting fund in the state treasury and shall be administered by the department of finance and administration. The fund consists of gifts, grants, donations, .232275.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ appropriations to the fund and distributions to the fund made pursuant to the Tax Administration Act. B. On or before [September 1, 2023 and on or before] September 1 of each [subsequent] year, the state auditor shall provide a list to the land grant council of the land grants-mercedes that are in compliance with the Audit Act and the category of compliance required for each land grantmerced pursuant to Subsection B of Section 12-6-3 NMSA 1978. C. Within thirty days of the receipt of the list of Audit-Act-compliant land grants-mercedes and their Audit Act compliance levels provided by the state auditor pursuant to Subsection B …
Sponsors
- Matthew McQueen (D, HD-050) · primary sponsor
- Elizabeth "Liz" Stefanics (D, SD-039)
- Pete Campos (D, SD-008)
- Stefani Lord (R, HD-022)
Latest actions
- : Sent to SFC - Referrals: SFC
- : Passed in the House of Representatives - Y:67 N:0
- : HAFC: Reported by committee with Do Pass recommendation
- : HRDLC: Reported by committee with Do Pass recommendation
- : Sent to HRDLC - Referrals: HRDLC/HAFC
- : Action Postponed Indefinitely
- : Sent to HPREF - Referrals: HPREF
Votes
- House Floor Vote (February 12, 2026): 67 yea, 0 nay, passed
Subjects: LOCAL GOVERNMENT
Common questions
- What is HB88?
- HB88 is a bill in the New Mexico Legislature (2026 Regular Session): LAND GRANT-MERCED ASSISTANCE FUND CHANGES.
- What does HB88 do?
- In its own words: An act relating to land grants; amending the land grant-merced assistance fund to change the requirement thresholds for full and seventy-five percent distributions from the fund; making the land grant-merced assistance fund nonreverting; making technical changes.
- What is the status of HB88?
- Passed one chamber as of February 13, 2026. Latest action: Sent to SFC - Referrals: SFC (February 13, 2026).
- Who sponsored HB88?
- Matthew McQueen (D, HD-050), with 3 co-sponsors.
- Where is the official record for HB88?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=88&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.