New Mexico legislation · 2026 Regular Session
New Mexico HB262: SCHOOL TRANSPORT EMERGENCY FUND USES
Status: In committee, January 30, 2026
What the bill says
An act relating to public schools; adding a permitted use for money in the transportation emergency fund.
From the introduced text, January 30, 2026:
AN ACT RELATING TO PUBLIC SCHOOLS; ADDING A PERMITTED USE FOR MONEY IN THE TRANSPORTATION EMERGENCY FUND. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 22-8-29.6 NMSA 1978 (being Laws 1995, Chapter 208, Section 15, as amended) is amended to read: "22-8-29.6. TRANSPORTATION EMERGENCY FUND.-- A. The "transportation emergency fund" is created in the state treasury. Money in the fund shall not revert to the general fund at the end of any fiscal year. Money in the fund is appropriated to the department for the purpose of funding transportation emergencies, including fuel price increases and grants to small rural school districts for the purchase of buses for student activities. The secretary shall make distributions to ensure the safety of students receiving .233371.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ to-and-from transportation services. B. The secretary shall account for all transportation emergency distributions and shall make full reports to the governor, the legislative education study committee and the legislative finance committee of payments made." - 2 - .233371.2
Sponsors
- Luis M. Terrazas (R, HD-039) · primary sponsor
- Joy Garratt (D, HD-029)
- Brian G. Baca (R, HD-008)
- Gabriel Ramos (R, SD-028)
- Tanya Mirabal Moya (R, HD-007)
- Rebecca Dow (R, HD-038)
Latest actions
- : Sent to HEC - Referrals: HEC/HAFC
- : Action Postponed Indefinitely
Subjects: EDUCATION, PUBLIC SCHOOLS, MOTOR VEHICLES (autos, trucks, buses, cycles)
Common questions
- What is HB262?
- HB262 is a bill in the New Mexico Legislature (2026 Regular Session): SCHOOL TRANSPORT EMERGENCY FUND USES.
- What does HB262 do?
- In its own words: An act relating to public schools; adding a permitted use for money in the transportation emergency fund.
- What is the status of HB262?
- In committee as of January 30, 2026. Latest action: Sent to HEC - Referrals: HEC/HAFC (January 30, 2026).
- Who sponsored HB262?
- Luis M. Terrazas (R, HD-039), with 5 co-sponsors.
- Where is the official record for HB262?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=262&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.