New Mexico legislation · 2026 Regular Session
New Mexico HB281: FINANCIAL ASSURANCE FOR SOLAR & WIND
Status: Failed, February 2, 2026
What the bill says
An act relating to utilities; requiring financial assurance for solar and wind energy generation facilities; providing authority to manage financial assurance for solar and wind energy generation facilities; creating the solar and wind decommissioning fund.
From the introduced text, February 2, 2026:
AN ACT RELATING TO UTILITIES; REQUIRING FINANCIAL ASSURANCE FOR SOLAR AND WIND ENERGY GENERATION FACILITIES; PROVIDING AUTHORITY TO MANAGE FINANCIAL ASSURANCE FOR SOLAR AND WIND ENERGY GENERATION FACILITIES; CREATING THE SOLAR AND WIND DECOMMISSIONING FUND. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. [NEW MATERIAL] SHORT TITLE.--This act may be cited as the "Solar and Wind Financial Assurance Act". SECTION 2. [NEW MATERIAL] DEFINITIONS.--As used in the Solar and Wind Financial Assurance Act: A. "decommissioning" means actions taken to remove, dispose of or recycle equipment or infrastructure and remediate the site of a solar or wind energy generation facility, in accordance with rules promulgated by the division; B. "department" means the energy, minerals and .232451.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ natural resources department; C. "division" means the energy conservation and management division of the department; D. "site" means the land on which a solar or wind energy generation facility is or was located, including land occupied or disturbed by associated equipment, structures, access roads or facility-owned infrastructure; E. "solar energy generation facility" means a facility that uses an arrangement or combination of solar collectors or modules that convert sunlight into electricity or thermal energy; and F. "wind energy generation facility" means a facility that converts wind energy into electricity and includes …
Sponsors
- Luis M. Terrazas (R, HD-039) · primary sponsor
- Gabriel Ramos (R, SD-028)
- Mark B. Murphy (R, HD-059)
- Rebecca Dow (R, HD-038)
- Gail Armstrong (R, HD-049)
- Brian G. Baca (R, HD-008)
- Cathrynn N. Brown (R, HD-055)
- Nicole Chavez (R, HD-031)
- Catherine J. Cullen (R, HD-057)
- Mark Duncan (R, HD-002)
- William A. Hall II (R, HD-003)
- Jonathan A. Henry (R, HD-054)
Latest actions
- : Not Printed
- : Action Postponed Indefinitely
Subjects: ENERGY & NATURAL RESOURCES, UTILITIES (sewer, electric, gas, water, telephone)
Common questions
- What is HB281?
- HB281 is a bill in the New Mexico Legislature (2026 Regular Session): FINANCIAL ASSURANCE FOR SOLAR & WIND.
- What does HB281 do?
- In its own words: An act relating to utilities; requiring financial assurance for solar and wind energy generation facilities; providing authority to manage financial assurance for solar and wind energy generation facilities; creating the solar and wind decommissioning fund.
- What is the status of HB281?
- Failed as of February 2, 2026. Latest action: Not Printed (February 2, 2026).
- Who sponsored HB281?
- Luis M. Terrazas (R, HD-039), with 11 co-sponsors.
- Where is the official record for HB281?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=281&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.