New Mexico legislation · 2026 Regular Session
New Mexico SB128: PUBLIC LAND DISCLOSURE & ACCOUNTABILITY ACT
Status: In committee, January 23, 2026
What the bill says
An act relating to public property; enacting the public land disclosure and accountability act; providing for an inventory of real property in metropolitan areas owned by a public agency every two years; requiring that certain public agencies dispose of real property in metropolitan areas that has been underutilized or vacant for five years or longer; imposing development obligations on buyers; making an appropriation.
From the introduced text, January 23, 2026:
AN ACT RELATING TO PUBLIC PROPERTY; ENACTING THE PUBLIC LAND DISCLOSURE AND ACCOUNTABILITY ACT; PROVIDING FOR AN INVENTORY OF REAL PROPERTY IN METROPOLITAN AREAS OWNED BY A PUBLIC AGENCY EVERY TWO YEARS; REQUIRING THAT CERTAIN PUBLIC AGENCIES DISPOSE OF REAL PROPERTY IN METROPOLITAN AREAS THAT HAS BEEN UNDERUTILIZED OR VACANT FOR FIVE YEARS OR LONGER; IMPOSING DEVELOPMENT OBLIGATIONS ON BUYERS; MAKING AN APPROPRIATION. 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 "Public Land Disclosure and Accountability Act". SECTION 2. [NEW MATERIAL] FINDINGS AND PURPOSE.--The legislature finds public agencies own significant parcels of land in metropolitan areas that are vacant or underutilized, are exempt from property taxation and have no foreseeable .232502.8 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ public purpose. This results in lost revenue and opportunities to increase the state's economic development, tax base and available housing. As such, the purpose of the Public Land Disclosure and Accountability Act is to benefit the state and its local communities by maximizing the productivity of land, stimulating economic activity and expanding the tax base by providing transparency in the use and ownership of land owned by public agencies through regular disclosures and mandating the sale of vacant and underutilized land. SECTION 3. [NEW MATERIAL] …
Sponsors
- Antonio Maestas (D, 26) · primary sponsor
Latest actions
- : Sent to SCC - Referrals: SCC/SJC/SFC
- : Action Postponed Indefinitely
Subjects: STATE AGENCIES & DEPARTMENTS (including reorganization), PUBLIC LANDS
Common questions
- What is SB128?
- SB128 is a bill in the New Mexico Legislature (2026 Regular Session): PUBLIC LAND DISCLOSURE & ACCOUNTABILITY ACT.
- What does SB128 do?
- In its own words: An act relating to public property; enacting the public land disclosure and accountability act; providing for an inventory of real property in metropolitan areas owned by a public agency every two years; requiring that certain public agencies dispose of real property in metropolitan areas that has been underutilized or vacant for five years or longer; imposing development obligations on buyers; making an appropriation.
- What is the status of SB128?
- In committee as of January 23, 2026. Latest action: Sent to SCC - Referrals: SCC/SJC/SFC (January 23, 2026).
- Who sponsored SB128?
- Antonio Maestas (D, 26).
- Where is the official record for SB128?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=128&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.