New Mexico HB246: MATCHING FUNDS FOR FLOODPLAIN LAND REHAB

What the bill says

An act making an appropriation to provide state matching funds to political subdivisions of the state that have been approved for federal assistance to acquire and rehabilitate land located in a floodplain back to its natural state.

From the introduced text, January 30, 2026:

AN ACT MAKING AN APPROPRIATION TO PROVIDE STATE MATCHING FUNDS TO POLITICAL SUBDIVISIONS OF THE STATE THAT HAVE BEEN APPROVED FOR FEDERAL ASSISTANCE TO ACQUIRE AND REHABILITATE LAND LOCATED IN A FLOODPLAIN BACK TO ITS NATURAL STATE. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. APPROPRIATION.--Sixty-two million dollars ($62,000,000) is appropriated from the general fund to the department of finance and administration for expenditure in fiscal years 2027 through 2029 to provide state matching funds to political subdivisions of the state that have been approved for federal assistance to acquire and rehabilitate back to its natural state land that is located in a floodplain and that poses a threat to life, safety or public infrastructure as a result of a natural disaster or continued flood risk. Any .233215.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ unexpended balance remaining at the end of fiscal year 2029 shall revert to the general fund. - 2 - .233215.1

Read the full official text

Sponsors

• Harlan Vincent (R, HD-056) · primary sponsor
• Wilson, Rex (R, 33)
• Mark Duncan (R, HD-002)
• Brian G. Baca (R, HD-008)
• Alan T. Martinez (R, HD-023)
• Luis M. Terrazas (R, HD-039)

Latest actions

1. February 5, 2026: HENRC: Reported by committee with Do Pass recommendation
2. January 30, 2026: Sent to HENRC - Referrals: HENRC/HAFC
3. : Action Postponed Indefinitely

Common questions

What is HB246?

HB246 is a bill in the New Mexico Legislature (2026 Regular Session): MATCHING FUNDS FOR FLOODPLAIN LAND REHAB.

What does HB246 do?

In its own words: An act making an appropriation to provide state matching funds to political subdivisions of the state that have been approved for federal assistance to acquire and rehabilitate land located in a floodplain back to its natural state.

What is the status of HB246?

In committee as of February 5, 2026. Latest action: HENRC: Reported by committee with Do Pass recommendation (February 5, 2026).

Who sponsored HB246?

Harlan Vincent (R, HD-056), with 5 co-sponsors.

Where is the official record for HB246?

On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=246&year=26