SPACEPORT DISTRICT FUND INVESTMENT
SB 174 requires regional spaceport districts in New Mexico to use the State Investment Council or State Treasurer to manage their funds in a local government investment pool, following established investment rules. This bill directly affects spaceport districts by mandating how they invest public funds, including allowing reasonable fees for investment management services. The change applies to all funds held by these districts and takes effect July 1, 2025.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2025
Last action Jun 3, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
Jan 28, 2025
Introduced
Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Crystal Brantley
RRepublican
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