REVISE LFC MEMBERSHIP

SB 271 revises New Mexico's Legislative Finance Committee (LFC) membership to 16 total members (eight from the House and eight from the Senate), reducing the previous total. It adjusts the appointment process to ensure proportional party representation in each chamber and requires at least one minority member from each house. The bill also clarifies vacancy procedures and alternates leadership roles between the Senate and House every two years. Introduced in the 2025 legislative session, the bill was postponed indefinitely in June 2025.