SB 155
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AN ACT
RELATING TO EMBEZZLEMENT; ALLOWING A TWELVE-MONTH AGGREGATION
OF INCIDENTS OF EMBEZZLEMENT TO DETERMINE PENALTY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. Section 30-16-8 NMSA 1978 (being Laws 1963,
Chapter 303, Section 16-7, as amended) is amended to read:
"30-16-8. EMBEZZLEMENT.--
A. Embezzlement consists of a person embezzling or
converting to the person's own use anything of value, with
which the person has been entrusted, with fraudulent intent
to deprive the owner thereof.
B. Whoever commits embezzlement when the value of
the thing embezzled or converted is two hundred fifty dollars
($250) or less against any one victim in any consecutive
twelve-month period is guilty of a petty misdemeanor.
C. Whoever commits embezzlement when the value of
the thing embezzled or converted is over two hundred fifty
dollars ($250) but not more than five hundred dollars ($500)
against any one victim in any consecutive twelve-month period
is guilty of a misdemeanor.
D. Whoever commits embezzlement when the value of
the thing embezzled or converted is over five hundred dollars
($500) but not more than two thousand five hundred dollars
($2,500) against any one victim in any consecutive SB 155
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twelve-month period is guilty of a fourth degree felony.
E. Whoever commits embezzlement when the value of
the thing embezzled or converted is over two thousand
five hundred dollars ($2,500) but not more than
twenty thousand dollars ($20,000) against any one victim in
any consecutive twelve-month period is guilty of a
third degree felony.
F. Whoever commits embezzlement when the value of
the thing embezzled or converted exceeds twenty thousand
dollars ($20,000) against any one victim in any consecutive
twelve-month period is guilty of a second degree felony."
SECTION 2. EFFECTIVE DATE.--The effective date of the
provisions of this act is July 1, 2025.