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SB 142 New Mexico Senate · 2026 Regular Session

SEVERANCE BONDS FOR ED. TECHNOLOGY

SB 142 extends the authorization to issue up to $10 million annually in severance tax bonds for education technology infrastructure in New Mexico until July 1, 2030. The bonds, certified by the Office of Broadband Access and Expansion and sold by the State Board of Finance, fund school technology upgrades like broadband and digital tools. Proceeds are directed to an education technology infrastructure fund for public school systems. This maintains funding for school technology infrastructure projects beyond the current authorization period.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExtends severance tax bond authorization to fund education technology infrastructure, directing existing tax revenue toward public education services.85% confidence ✓ EducationSupports EducationExtends $10M annual severance bonds for school technology infrastructure, maintaining funding for broadband/digital tools and directing proceeds to education tech fund per bill's purpose.95% confidence ✓ TechnologySupports TechnologyFunds education technology infrastructure including broadband and digital tools, directly supporting tech access in schools per bill's funding allocation.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 26, 2026 Last action Mar 24, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
0
Jan 26, 2026
Introduced
Sent to Senate Committees' Committee & Senate Education Committee & Senate Finance Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
GM
George Muñoz
DDemocratic
NM
4