New Mexico legislation · 2026 Regular Session
New Mexico SB119: CREATE DEMOLITION FUND
Status: In committee, January 23, 2026
What the bill says
An act relating to finance; creating the demolition fund; allowing the local government division of the department of finance and administration to provide grants for counties and municipalities or other property owners to demolish deteriorated or condemned residential properties; making an appropriation.
From the introduced text, January 23, 2026:
AN ACT RELATING TO FINANCE; CREATING THE DEMOLITION FUND; ALLOWING THE LOCAL GOVERNMENT DIVISION OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO PROVIDE GRANTS FOR COUNTIES AND MUNICIPALITIES OR OTHER PROPERTY OWNERS TO DEMOLISH DETERIORATED OR CONDEMNED RESIDENTIAL PROPERTIES; MAKING AN APPROPRIATION. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. [NEW MATERIAL] DEMOLITION FUND.-- A. The "demolition fund" is created in the state treasury. The fund consists of appropriations, gifts, grants, donations and income from investment of the fund. Money in the fund at the end of a fiscal year shall not revert to any other fund. The local government division of the department of finance and administration shall administer the fund, and money .232314.3 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ in the fund is appropriated to the local government division to provide grants to counties and municipalities and (2) provide reimbursement for demolition costs incurred by a residential property owner pursuant to a county or municipal demolition program. B. Disbursements from the fund shall be made by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of finance and administration or the secretary's authorized representative. C. By December 1, 2026, the local government division of the department of finance and administration shall promulgate rules for …
Sponsors
- Antonio Maestas (D, 26) · primary sponsor
Latest actions
- : Sent to SCC - Referrals: SCC/SJC/SFC
- : Action Postponed Indefinitely
Subjects: LOCAL GOVERNMENT, FINANCE, PUBLIC
Common questions
- What is SB119?
- SB119 is a bill in the New Mexico Legislature (2026 Regular Session): CREATE DEMOLITION FUND.
- What does SB119 do?
- In its own words: An act relating to finance; creating the demolition fund; allowing the local government division of the department of finance and administration to provide grants for counties and municipalities or other property owners to demolish deteriorated or condemned residential properties; making an appropriation.
- What is the status of SB119?
- In committee as of January 23, 2026. Latest action: Sent to SCC - Referrals: SCC/SJC/SFC (January 23, 2026).
- Who sponsored SB119?
- Antonio Maestas (D, 26).
- Where is the official record for SB119?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=119&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.