New Mexico legislation · 2026 Regular Session
New Mexico SB215: LOANED PROGRAM MONEY IN DISASTER FUND
Status: In committee, February 2, 2026
What the bill says
An act relating to public finance; requiring program income earned by a political subdivision as a result of money loaned to it pursuant to laws 2023, chapter 2, section 1 or subsection d of section 2 of chapter 1 of laws 2024 (1st s.s.) to be deposited in the natural disaster revolving fund; declaring an emergency.
From the introduced text, February 2, 2026:
AN ACT RELATING TO PUBLIC FINANCE; REQUIRING PROGRAM INCOME EARNED BY A POLITICAL SUBDIVISION AS A RESULT OF MONEY LOANED TO IT PURSUANT TO LAWS 2023, CHAPTER 2, SECTION 1 OR SUBSECTION D OF SECTION 2 OF CHAPTER 1 OF LAWS 2024 (1ST S.S.) TO BE DEPOSITED IN THE NATURAL DISASTER REVOLVING FUND; DECLARING AN EMERGENCY. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 6-4-2.7 NMSA 1978 (being Laws 2025, Chapter 157, Section 2) is amended to read: "6-4-2.7. NATURAL DISASTER REVOLVING FUND.-- A. The "natural disaster revolving fund" is created in the state treasury. The purpose of the fund is to provide loans to political subdivisions of the state and electric cooperatives that have been approved for funding from the federal emergency management agency for a federally declared .232603.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ natural disaster. The fund consists of distributions, transfers, appropriations, gifts, grants, donations and income from investment of the fund. Money in the fund shall be invested by the state treasurer. B. Money in the natural disaster revolving fund is appropriated to the department of finance and administration for: (1) the purposes of the natural disaster loan program pursuant to Section [1 of this 2025 act] 6-4-2.6 NMSA 1978; and (2) administration of the natural disaster …
Sponsors
- George K. Muñoz (D, SD-004) · primary sponsor
Latest actions
- : Sent to SCC - Referrals: SCC/SCONC/SFC
- : Action Postponed Indefinitely
Subjects: STATE AGENCIES & DEPARTMENTS (including reorganization), FINANCE, PUBLIC
Common questions
- What is SB215?
- SB215 is a bill in the New Mexico Legislature (2026 Regular Session): LOANED PROGRAM MONEY IN DISASTER FUND.
- What does SB215 do?
- In its own words: An act relating to public finance; requiring program income earned by a political subdivision as a result of money loaned to it pursuant to laws 2023, chapter 2, section 1 or subsection d of section 2 of chapter 1 of laws 2024 (1st s.s.) to be deposited in the natural disaster revolving fund; declaring an emergency.
- What is the status of SB215?
- In committee as of February 2, 2026. Latest action: Sent to SCC - Referrals: SCC/SCONC/SFC (February 2, 2026).
- Who sponsored SB215?
- George K. Muñoz (D, SD-004).
- Where is the official record for SB215?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=215&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.