New Mexico legislation · 2026 Regular Session
New Mexico SB258: FISCAL IMPACT REPORTS FOR RULES
Status: In committee, February 4, 2026
What the bill says
An act relating to rules; requiring the legislative finance committee to prepare fiscal impact reports of rules of significant fiscal impact upon the request of legislative leadership.
From the introduced text, February 4, 2026:
AN ACT RELATING TO RULES; REQUIRING THE LEGISLATIVE FINANCE COMMITTEE TO PREPARE FISCAL IMPACT REPORTS OF RULES OF SIGNIFICANT FISCAL IMPACT UPON THE REQUEST OF LEGISLATIVE LEADERSHIP. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 2-5-4 NMSA 1978 (being Laws 1967, Chapter 267, Section 1) is amended to read: "2-5-4. LEGISLATIVE FINANCE COMMITTEE--ADDITIONAL DUTIES.-- A. The legislative finance committee, in addition to all other duties prescribed by law, shall annually review budgets and appropriations requests and the operation and management of selected state agencies, departments and institutions and shall make recommendations with respect thereto to the legislature. .233119.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ B. To carry out the purposes of this section, the legislative finance committee shall establish a budget analysis division staffed with persons knowledgeable and proficient in budget analysis and budget preparation. C. Each state agency, department and institution shall furnish to the legislative finance committee a copy of its appropriation request made to the department of finance and administration at the same time [such] the request is made [to such department]. Each state agency, department or institution shall also furnish to the legislative finance committee and its staff any other supporting information or data deemed necessary to carry out the purposes of this section. D. The legislative …
Sponsors
- Larry R. Scott (R, SD-042) · primary sponsor
Latest actions
- : Sent to SCC - Referrals: SCC/SRC/SFC
- : Action Postponed Indefinitely
Subjects: LEGISLATURE, FINANCE, PUBLIC
Common questions
- What is SB258?
- SB258 is a bill in the New Mexico Legislature (2026 Regular Session): FISCAL IMPACT REPORTS FOR RULES.
- What does SB258 do?
- In its own words: An act relating to rules; requiring the legislative finance committee to prepare fiscal impact reports of rules of significant fiscal impact upon the request of legislative leadership.
- What is the status of SB258?
- In committee as of February 4, 2026. Latest action: Sent to SCC - Referrals: SCC/SRC/SFC (February 4, 2026).
- Who sponsored SB258?
- Larry R. Scott (R, SD-042).
- Where is the official record for SB258?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=258&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.