NM
New Mexico Senate Bill SB83

New Mexico 2025 Regular Session

New Mexico Senate Bill SB83

Introduced
1/22/25  
Report Pass
2/24/25  
Report Pass
2/28/25  
Engrossed
3/6/25  
Report Pass
3/13/25  
Report Pass
3/19/25  
Enrolled
3/20/25  
Chaptered
4/7/25  

Caption

Innovation In State Government Fund

Impact

The bill empowers various state agencies, including the Department of Environment, Energy, Minerals and Natural Resources, and others, to access this fund. Agencies are required to produce reports detailing how the funds will be allocated, emphasizing accountability and transparency in their financial dealings. The overarching goal is to facilitate policies that lead to net-zero emissions and promote sustainable economic practices throughout the state. By diversifying revenue sources and transforming job markets, the bill aims to mitigate reliance on natural resources while encouraging growth in green jobs.

Summary

Senate Bill 83, introduced by Senator Mimi Stewart, aims to address climate change through the establishment of the 'Innovation in State Government Fund'. This fund's purpose is to provide state agencies with resources to develop master plans and enhance their capabilities in implementing effective climate change policies. The bill outlines a transfer of ten million dollars from the general fund to support these initiatives, reflecting a strong commitment to state-led climate action.

Contention

While the bill is centered on ambitious climate policy, it may face challenges regarding funding allocations and the prioritization of resources among competing state needs. Discussion around the bill indicates potential debates on whether the fund adequately addresses the immediate financial burdens faced by various state departments, especially during fiscal constraints. Critics may argue that funds allocated to climate initiatives could detract from other essential services, leading to a broader discussion on budgetary priorities and the appropriate measures to secure funding for climate change initiatives.

Latest SB83 Activity

Companion Bills

No companion bills found.

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