New Mexico legislation · 2026 Regular Session
New Mexico SB112: SEVERANCE TAX FUND INVESTMENT CLASSES
Status: In committee, January 23, 2026
What the bill says
An act relating to investments; amending the investment classes that may be invested in with money in the severance tax permanent fund.
From the introduced text, January 23, 2026:
AN ACT RELATING TO INVESTMENTS; AMENDING THE INVESTMENT CLASSES THAT MAY BE INVESTED IN WITH MONEY IN THE SEVERANCE TAX PERMANENT FUND. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 7-27-5 NMSA 1978 (being Laws 1983, Chapter 306, Section 7, as amended) is amended to read: "7-27-5. INVESTMENT OF SEVERANCE TAX PERMANENT FUND.-- A. The severance tax permanent fund shall be invested in separate [differential rate and market rate] investment classes as provided in this section. B. "Differential rate investments", [are permitted in Sections 7-27-5.3 through 7-27-5.5, 7-27-5.13, through 7-27-5.17, 7-27-5.22, 7-27-5.24 and 7-27-5.26 NMSA 1978 and] which are intended to stimulate the economy of New Mexico and .232780.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ to provide income to the severance tax permanent fund, are permitted only for investments made pursuant to the following: (1) Subsection F of Section 7-27-5.15 NMSA 1978; and (2) prior to July 1, 2026, Sections 7-27-5.3 through 7-27-5.5, 7-27-5.13, 7-27-5.17, 7-27-5.19 through 7-27-5.22, 7-27-5.24, 7-27-5.26 and 7-27-5.27 NMSA 1978 and Subsections A, E and G of Section 7-27-5.15 NMSA 1978. C. "Market rate investments" are investments that are not differential rate investments and are intended to provide income to the severance tax permanent fund. D. All [market rate investments and differential rate] investments shall be invested …
Sponsors
- Pete Campos (D, SD-008) · primary sponsor
- Sarah Silva (D, HD-053)
Latest actions
- : Sent to SCC - Referrals: SCC/STBTC/SFC
- : Action Postponed Indefinitely
Subjects: FINANCE, PUBLIC
Common questions
- What is SB112?
- SB112 is a bill in the New Mexico Legislature (2026 Regular Session): SEVERANCE TAX FUND INVESTMENT CLASSES.
- What does SB112 do?
- In its own words: An act relating to investments; amending the investment classes that may be invested in with money in the severance tax permanent fund.
- What is the status of SB112?
- In committee as of January 23, 2026. Latest action: Sent to SCC - Referrals: SCC/STBTC/SFC (January 23, 2026).
- Who sponsored SB112?
- Pete Campos (D, SD-008), with 1 co-sponsor.
- Where is the official record for SB112?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=112&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.