GENERAL APPROPRIATION ACT OF 2025

HB 141, the General Appropriation Act of 2025, is New Mexico’s annual budget bill that allocates funding to state agencies for fiscal year 2026. It establishes rules for managing state funds, including requiring unspent balances from fiscal year 2025 to revert to the general fund by October 1, 2025, and mandating the state budget division to monitor agency revenue and adjust budgets if projections are not met. The bill affects all state agencies by governing how their funding is distributed, tracked, and managed under defined financial terms like "general fund" and "internal service funds." It does not create new programs or alter policy but sets the procedural framework for state spending. The bill was postponed indefinitely by the House Appropriations & Finance Committee on June 3, 2025.