HB 332 New Mexico House · 2026 Regular Session

CAPITAL OUTLAY REAUTHORIZATIONS

HB 332 reauthorizes and adjusts the use of existing state funds for specific capital projects, primarily extending their spending deadlines to fiscal year 2028 and modifying project purposes. It changes the original use of funds for the Lea County courthouse renovation (now for general county buildings) and expands the Albuquerque youth facility project to include young adults. The bill also extends timelines for a Navajo Nation bridge project and redirects unspent funds from a Curry County recreation complex to renovate a local park. These adjustments apply to previously appropriated funds without creating new spending, focusing on managing unspent balances from prior legislative actions.

Issues: ✓ Budget & Taxes

Bill status signed all 5 stages cleared

Introduction

Feb 2026

Committee Review

Feb 2026

House Passage

Feb 2026

Senate Passage

Feb 2026

Signed into Law

Mar 2026

Introduced Feb 4, 2026 Signed Mar 11, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

TR substitute → Final Version · 3 edits

MINOR

The bill was reformatted from a committee substitute version to a final legislative version, with minor structural changes to the title and section numbering. The substantive policy content regarding severance tax bond reauthorization, fund reversion rules, and project extensions remains unchanged.

Scope change

No substantive scope change; the bill continues to govern capital expenditure reauthorizations and fund reversion rules for New Mexico state projects.

TECHNICAL

Title and section numbering were reorganized to match final legislative format, with page headers and footers removed.

Section headers were consolidated and renumbered from the committee substitute format to the final version format.

FISCAL

All substantive provisions regarding severance tax bond reauthorization, fund reversion timelines, and project extensions remain identical to the committee substitute version.

introduced version → TR substitute · 6 edits

MODERATE

The bill was substantially rewritten from its introduced version to a committee substitute version, expanding from 18 sections to 195 sections. The primary changes involve adding numerous specific project amendments across New Mexico counties, extending expenditure timelines through fiscal year 2028, and modifying purposes for various appropriations. This represents a significant expansion of the bill's scope from general capital expenditure reauthorization to include hundreds of specific infrastructure and facility improvement projects.

Scope change

The bill's scope dramatically expanded from general capital expenditure reauthorization provisions to include over 170 specific project amendments covering infrastructure improvements, facility construction, and equipment purchases across multiple counties including Bernalillo, Dona Ana, Eddy, Grant, Guadalupe, Harding, Lea, Lincoln, Luna, McKinley, and San Juan counties.

SCOPE

Added 173 new sections (Sections 4-195) containing specific project amendments that were not present in the introduced version, which only contained 3 general sections.

TIMELINE

Extended expenditure periods for numerous projects through fiscal year 2028, replacing earlier termination dates that would have required spending completion by fiscal year 2025 or 2026.

FISCAL

Changed purposes for various appropriations, converting some projects from their original intended use to different purposes such as changing affordable housing construction to multipurpose facility improvements or changing equipment purchases to facility renovations.

REQUIREMENT

Added detailed conditions for reversion or transfer of unexpended balances, including specific provisions for Indian affairs department projects and tribal infrastructure.

AGENCY

Changed responsible agencies for several projects, such as transferring projects from the Indian affairs department to the local government division of the department of finance and administration.

TECHNICAL

Added extensive formatting and organizational structure changes, including proper section numbering, capitalization, and legislative formatting that was missing in the introduced version.

Floor votes · Senate Feb 18, 2026 · House Feb 16, 2026

How they voted

20–14

Passed · 4 other

Total votes 38

Feb 18, 2026

D Democratic22

20 Yea 2

90% Yea

R Republican16

14 Nay 2

87% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 11, 2026

Signed into law

Signed

executive

Feb 19, 2026

Executive · Passed

House concurred in Senate amendments

executive

Feb 18, 2026

Upper · Passed

DO PASS, as amended, committee report adopted

upper

Feb 18, 2026

Upper · Passed

passed Senate

upper

Feb 17, 2026

Introduced

Sent to Senate Finance Committee

upper

Feb 17, 2026

Lower · Passed

passed House

lower

Feb 16, 2026

Lower · Passed

DO NOT PASS, replaced with committee substitute

lower

Feb 16, 2026

House · Passed

House Vote: pass (40-20-6)

house

Feb 4, 2026

Introduced

Sent to House Taxation & Revenue Committee

lower

1 primary · 0 co-sponsors