New Mexico legislation · 2026 Regular Session
New Mexico SB145: AUDIT CHANGES
Status: Passed one chamber, February 13, 2026
What the bill says
An act relating to auditing; providing for federal single audits; amending the audit act; restructuring audit requirements; amending local public body audit thresholds; amending definitions; updating terms; amending audit reporting requirements; amending the audit fund; making an appropriation.
From the introduced text, January 26, 2026:
AN ACT RELATING TO AUDITING; PROVIDING FOR FEDERAL SINGLE AUDITS; AMENDING THE AUDIT ACT; RESTRUCTURING AUDIT REQUIREMENTS; AMENDING LOCAL PUBLIC BODY AUDIT THRESHOLDS; AMENDING DEFINITIONS; UPDATING TERMS; AMENDING AUDIT REPORTING REQUIREMENTS; AMENDING THE AUDIT FUND; MAKING AN APPROPRIATION. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 12-6-2 NMSA 1978 (being Laws 1969, Chapter 68, Section 2, as amended) is amended to read: "12-6-2. DEFINITIONS.--As used in the Audit Act: A. "agency" means: (1) any department, institution, board, bureau, court, commission, district or committee of [the government of] the state, including district courts, magistrate or metropolitan courts, district attorneys and charitable .232604.4SA wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ institutions [for which appropriations are made by the legislature] funded by appropriation; (2) any political subdivision of the state, created under either general or special act, that receives or expends public money from [whatever source derived] any source, including counties, county institutions, boards, bureaus or commissions [municipalities; drainage, conservancy, irrigation or other special districts] and school districts; (3) any entity or instrumentality of the state specifically provided for by law, including the New Mexico finance authority, the New Mexico mortgage finance authority and the New Mexico lottery authority; (4) any organization subject to the requirements of Section 6-5A-1 NMSA 1978 that supports a public …
Sponsors
- George K. Muñoz (D, SD-004) · primary sponsor
- Pamelya Herndon (D, HD-028)
- Cynthia Borrego (D, HD-017)
- Joseph Franklin Hernandez (D, HD-004)
Latest actions
- : Sent to HJC - Referrals: HJC/HAFC
- : Passed in the Senate - Y:32 N:2
- : SFC: Reported by committee with Do Pass recommendation with amendment(s)
- : SHPAC: Reported by committee with Do Pass recommendation
- : SCC: Reported by committee to fall within the purview of a 30 day session
- : Sent to SCC - Referrals: SCC/SHPAC/SFC
- : Action Postponed Indefinitely
Votes
- Senate Floor Vote (February 13, 2026): 35 yea, 2 nay, passed
Subjects: LOCAL GOVERNMENT, STATE AGENCIES & DEPARTMENTS (including reorganization), FINANCE, PUBLIC
Common questions
- What is SB145?
- SB145 is a bill in the New Mexico Legislature (2026 Regular Session): AUDIT CHANGES.
- What does SB145 do?
- In its own words: An act relating to auditing; providing for federal single audits; amending the audit act; restructuring audit requirements; amending local public body audit thresholds; amending definitions; updating terms; amending audit reporting requirements; amending the audit fund; making an appropriation.
- What is the status of SB145?
- Passed one chamber as of February 13, 2026. Latest action: Sent to HJC - Referrals: HJC/HAFC (February 13, 2026).
- Who sponsored SB145?
- George K. Muñoz (D, SD-004), with 3 co-sponsors.
- Where is the official record for SB145?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=145&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.