NM
New Mexico Senate Bill SB240
New Mexico 2026 Regular Session
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New Mexico 2026 Regular Session

New Mexico Senate Bill SB240

Introduced
2/3/26  
Report Pass
2/17/26  
Engrossed
2/18/26  
Report Pass
2/18/26  
Enrolled
2/19/26  
Enrolled
2/18/26  
Chaptered
3/11/26  

Caption

Capital Outlay Projects

Impact

If passed, SB240 would significantly impact state laws related to budget allocation and funding for capital projects. By providing a structured approach to capital funding, the bill is expected to facilitate better management of public resources, ensuring that essential infrastructure projects are completed in a timely manner. This could lead to improved public services and amenities, benefiting local communities directly.

Summary

Senate Bill 240 (SB240) pertains to capital outlay projects, aiming to streamline the funding and execution of public works initiatives throughout the state. The bill seeks to establish a clear framework for securing state funding for various infrastructure projects which are essential to maintain and enhance public facilities and services. Proponents of SB240 argue that by clarifying the processes for capital outlay, the bill will expedite project implementations and enhance the efficiency of state expenditures in infrastructure.

Contention

During legislative discussions, there were notable points of contention regarding the prioritization of projects and the allocation of funds. Critics of the bill expressed concerns that it might unduly favor larger projects at the expense of smaller, local initiatives that may not have the same level of visibility or political backing. Additionally, some lawmakers raised questions about the potential for bureaucratic hurdles in the approval processes outlined in the bill, fearing that it could create delays rather than streamline project execution.

Latest NM SB240 Activity

View All Events: NM 2026 Regular Session SB240

Companion Bills

No companion bills found.

Previously Filed As

NM HB450

Capital Outlay Projects

NM SB425

Capital Outlay Reauthorizations

NM SB82

Public School Capital Outlay Changes

NM SB280

Nmmi In Capital Outlay Act

NM HB145

Additional Highway Project Bonding

NM HB206

Nmfa Water Project Fund Projects

NM SB115

Public Project Revolving Fund Projects

NM SB197

Ems System Improvement Projects Funding

NM SB125

School Building System Innovation Project

NM SB401

Broadband For Education

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

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PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.

PA SB280

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.