New Mexico 2023 Regular Session

New Mexico Senate Bill SB268

Introduced
1/30/23  

Caption

Wildfire Recovery Act

Impact

The legislation represents a significant shift in the civil liability landscape concerning wildfires, allowing individuals to recover financial losses directly attributable to such disasters. It establishes clear guidelines for both economic and noneconomic recovery, effectively broadening the scope of compensation for victims of wildfires. This inclusion of emotional distress damages acknowledges the profound impact that such events can have on mental health, establishing a precedent for future wildfire-related claims.

Summary

Senate Bill 268, titled the 'Wildfire Recovery Act', aims to provide comprehensive recovery measures for individuals and properties affected by wildfires. The Act allows property owners to seek recovery for damages caused by wildfires, including the costs for restoration of real and personal property, evacuation expenses, and compensation for the loss of use of property. In addition, it extends the possibility of claims for emotional distress damages, acknowledging the psychological toll wildfires can impose on affected individuals.

Conclusion

Overall, Senate Bill 268 sets forth a robust framework for wildfire recovery that could shape state policies regarding disaster response and compensation. As communities continue to face increasing environmental challenges, such legislation is crucial in addressing the immediate and long-term effects of wildfires on individuals and municipalities.

Contention

While the Act is intended to provide necessary relief, it might face scrutiny regarding the definitions of liability and the standards for proving claims. Critics may argue about the potential for increased litigation against utility companies or other entities deemed responsible for wildfires, raising concerns about the implications for local economic stability and insurance costs. Additionally, the provision for tax relief on recoveries could provoke debates on the impact on state revenue.

Companion Bills

No companion bills found.

Previously Filed As

NM HB334

Rural Electric Co-op Wildfire Liability Act

NM SB281

Rural Electric Co-op Wildfire Liability Act

NM HB3917

Relating to a catastrophic wildfire fund; declaring an emergency.

NM SB134

Provide limitations on liability and damages caused by a wildfire.

NM SB1320

Relating To Settlement Of Claims Related To The Maui Wildfires.

NM SB4806

Wildfire Victim Tax Relief and Recovery Act

NM SB496

Wildfire Victim Tax Relief and Recovery Act

NM HB1169

Wildfire Victim Tax Relief and Recovery Act

NM HB9155

Wildfire Victim Tax Relief and Recovery Act

NM HB1001

Relating To Settlement Of Claims Related To The Maui Wildfires.

Similar Bills

HI SB2922

Relating To Public Utilities.

HI HB881

Relating To Public Utilities.

HI HB2265

Relating To Public Utilities.

CA AB745

Electricity: climate credits.

CA AB33

2017 northern California wildfires.

HI SB1201

Relating To Wildfires.

HI HB982

Relating To Wildfires.

LA HB1207

Creates the Louisiana Electric Investment Recovery Securitization Act