Legislation tracked by Independent Community Bankers Association of New Mexico


HB 2 CANNABIS REGULATION ACT   (Martinez, Javier I) Current Location: PASS  View Bill  |  View FIR

House Bill 2 (HB 2) enacts the Cannabis Regulation Act (CRA) which legalizes cannabis for recreational use by adults over the age of 21. HB 2 creates the Cannabis Control Division (division) within the Regulation and Licensing Department (RLD). The division will implement an extensive regulatory framework to govern the commercial marketplace for the production, distribution, sale, and use of recreational marijuana. This bill allows for home cultivation with unlimited home possession. The division will establish the limit of plants each year from 2022 through 2025. HB 2 levies an excise tax of 12% on sales, with the exception of medical cannabis sales that are untaxed. Municipalities and counties are distributed 33.33% of tax revenues. Small producers (microbusiness) are limited to 200 plants in possession and a single retail store. Purchase of cannabis is limited to two ounces, 16 grams of extract, and 800 milligrams of edibles. Amounts exceeding these limits may be exceeded but are to be hidden from public view in their private residences. Retail sales of recreational cannabis will begin no later than April 1, 2022. HB2 provides a repeal date of CRA of December 31, 2025.


HB 8 LIQUOR DELIVERY & LICENSES   (Hochman-Vigil, Dayan ) Current Location: HCEDC  View Bill  |  View FIR

House Bill 8 (HB 8) amends and enacts sections of the Liquor Control Act to permit certain persons to deliver alcoholic beverages. It adds a new type of restaurant license that allows sale of alcoholic beverages in restaurants and imposes license issuance fees. HB 8 allows dispenser's licenses to be transferred out of a local option district intact and allows certain dispenser's licenses to reinstate retail privileges.


HB 20 HEALTHY WORKPLACES ACT   (Chandler, Christine ) Current Location: SGND  View Bill  |  View FIR

House Bill 20 (HB 20) creates the Healthy Workplaces Act to direct employers to provide earned sick leave and details the requirements and enforcement.


HB 36 EXEMPTIONS FOR LEGAL ACTION AGAINST PROPERTY   (Ely, Daymon ) Current Location: SJC  View Bill  |  View FIR

House Bill 36 (HB 36) increases allowable exemptions in bankruptcy, insolvency, and other proceedings with judgement creditors.


HB 66 UNIFORM CODE SECURE TRANSACTION LANGUAGE   (Nibert, Greg ) Current Location: SGND  View Bill  |  View FIR

House Bill 66 (HB 66) relates to secured transactions by amending provisions of the Uniform Commercial Code to conform to the official text. It also repeals Section 55-1-110 NMSA 1978 (being laws 2015, Chapter 54, Section 8).


HB 83 CHANGE GRADUATION REQUIREMENTS   (Romero, Andres G) Current Location: SEC  View Bill  |  View FIR

House Bill 83 (HB 83) amends Public Schools graduation requirements beginning in the 2022-2021 school year.


HB 99 SMALL LOAN ACT MAX ANNUAL PERCENTAGE RATE   (Herrera, Susan K) Current Location: HJC  View Bill  |  View FIR

House Bill 99 (HB 99) amends Financial and Institution Regulations to lower the maximum annual percentage rate for loans pursuant to the New Mexico Bank Installment Loan Act of 1959 and the New Mexico Small Loan Act of 1955.


HB 149 INSTALLMENT LOAN CHANGES   (Herrera, Susan K) Current Location: HCEDC  View Bill  |  View FIR

House Bill 149 (HB 149) changes the permitted percentage rates for small loans pursuant to the New Mexico Bank Installment Loan Act and the New Mexico Small Loan Act, requires a license for certain lenders, and changes reporting requirements.


HB 163 SCHOOL FINANCIAL MANAGEMENT CLASSES   (Madrid, Willie D) Current Location: SCal  View Bill  |  View FIR

House Bill 163 (HB 163) amends Public Education to allow financial management to count as an elective in 6th through 8th grades. It amends graduation requirements and requires one-half unit of financial management prior to graduation.


HB 164 NEW LIQUOR DISPENSER LICENSES   (Scott, Larry R) Current Location: HCEDC  View Bill  |  View FIR

House Bill 164 (HB 164) requires the director of the Alcoholic Beverage Control Division of the Regulation and Licensing Department to annually offer to issue new dispenser licenses in an amount equal to five percent of the total number of dispenser licenses issued. It provides for a sealed bid process to award opportunities to apply for a license and removes the limit on the number of dispenser licenses that can be issued. HB 164 removes the lottery process for issuing new licenses and provides for a fee.


HB 173 COUNTY SOLAR ASSESSMENTS ON HOMES   (Black, Rachel ) Current Location: HENRC  View Bill  |  View FIR

House Bill 173 (HB 173) eliminates the imposition of County Solar Energy Improvement Special Assessments on residential properties.


HB 236 PUBLIC BANKING ACT   (Roybal Caballero, Patricia ) Current Location: HAFC  View Bill  |  View FIR

House Bill 236 (HB 236) enacts the Public Banking Act and creates the Public Bank of New Mexico and the State Banking Fund.


HB 255 ALCOHOL DELIVERIES   (Maestas, Antonio ) Current Location: PCH  View Bill  |  View FIR

House Bill 255 (HB255) relates to the Liquor Control Act. It provides for tax deductions for certain license holders, creates a new license, allows for alcohol delivery, and creates new taxes on alcohol. This legislation has an effective date of July 1, 2021.


HB 299 IMPROVEMENT SPECIAL ASSESSMENT ACT   (Small, Nathan ) Current Location: SJC  View Bill  |  View FIR

2nd Amended Synopsis March 09, 2021: Hfla2/HB 299: House Floor amendment 2 for House Bill 299 enacts the Improvement Special Assessment Act. This act authorizes counties to impose, administer, and disburse special assessments to encourage the development of certain property improvements. Definitions are provided. Original Synopsis February 20, 2021: House Bill 299 (HB 299) enacts the Improvement Special Assessment Act. HB 299 authorizes counties to impose, administer, and disburse special assessments to encourage the development of certain property improvements. HB 299 repeals the Solar Energy Improvement Special Assessment Act. HB 299 provides definitions.


HB 302 FINANCIAL LITERACY FOR GRADUATION   (Brown, Cathrynn N) Current Location: HEC  View Bill  |  View FIR

House Bill 302 (HB 302) makes changes to public education by amending graduation requirements and requiring one-half unit of financial literacy prior to graduation.


SB 1 LEDA CHANGES   (Hemphill, Siah Correa) Current Location: SGND  View Bill  |  View FIR

Senate Bill 1 Special Session (SB 1) provides that a portion of state and local gross receipts and compensating tax revenue imposed on certain economic development projects may be provided as public support for the projects pursuant to the Local Economic Development Act (LEDA). SB 1provides transfers and distributions of the portion of state and local gross receipts and compensating tax revenue. Declares an emergency.


SB 2 EXPUNGEMENT OF CERTAIN CRIMINAL RECORDS   (Lopez, Linda M. ) Current Location: PASS  View Bill  |  View FIR View SJC CS 

Senate Bill 2 (SB 2) provides for expungement of arrest and conviction records for certain cannabis offenses, provides for recall or dismissal of sentences of incarcerated persons, revises the list of criminal records that cannot be considered in an application for public employment, licensure or other authority to practice a trade, business or profession.


SB 3 SMALL BUSINESS RECOVERY ACT   (Candelaria, Jacob ) Current Location: PCH  View Bill  |  View FIR

Senate Bill 3 (SB3) changes the name of the Small Business Recovery Act of 2020 to the Small Business Recovery Act. Makes changes in definitions and extends the deadline to apply for a Small Business Recover Loan. Delays the reversion of the Small Business Recovery Loan Fund. SB3 changes the terms of Small Business Recovery Loans (Recovery Loans) and allows recipients to refinance the loan. SB3 increases the amount of the Severance Tax Permanent Fund invested. Declares an emergency.


SB 3 CANNABIS REGULATION ACT   (Pirtle, Cliff R. ) Current Location: SCW  View Bill  |  View FIR

Senate Bill 3 (SB 3) enacts the Cannabis Regulation Act, creates the Cannabis Control Division in the Regulation and Licensing Department, establishes duties for the Department of Environment and the New Mexico Department of Agriculture, creates the Cannabis Regulation Fund, enacts the Cannabis Tax Act, amends sections of the Lynn and Erin Compassionate Use Act, revises penalties, and declares an emergency. The Cannabis Regulation Act is a comprehensive proposal to legalize cannabis for people 21 years old and over. There are no limits on the number of plants or licenses. The bill allows for the possession, use, and purchase of up to 2 ounces of cannabis. Public smoking or consumption of cannabis is prohibited. The bill allows local jurisdictions to opt-out of allowing retail marijuana sales.


SB 4 TERMINATION & RENEWAL OF PUBLIC HEALTH ORDERS   (Baca, Gregory ) Current Location: SCC  View Bill  |  View FIR

Senate Bill 4 of the 2021 special session includes all of the items in Senate Bill 74 and provides for the renewal or amendment of a public health emergency or order by the legislature or the New Mexico legislative council.


SB 6 LIQUOR CONTROL ACT   (Wirth, Peter ) Current Location: SJC  View Bill  |  View FIR

Senate Bill 6 (SB6) amends and enacts sections of the Liquor Control Act to permit certain persons to deliver alcoholic beverages. It adds a new type of restaurant license that allows sale of alcoholic beverages in restaurants and imposes license issuance fees. SB 6 allows dispenser's licenses to be transferred out of a local option district intact and allows certain dispenser's licenses to reinstate retail privileges.


SB 13 CANNABIS REGULATION ACT   (Ivey-Soto, Daniel A) Current Location: STBTC  View Bill  |  View FIR

Senate Bill 13 (SB 13) enacts the Cannabis Regulation Act and legalizes, regulates industry, and taxes recreational marijuana for people 21 or older. SB 13 imposes a 20% sales tax on cannabis sales.


SB 57 STATE EMPLOYEE WAGE DEDUCTED FOR LOANS   (Tallman, Bill ) Current Location: SFC  View Bill  |  View FIR

Senate Bill 57 (SB 57) provides for a program through which participating state employees have portions of their salaries or wages deducted and disbursed for the repayment of personal loans.


SB 64 FEDERALLY INSURED OBLIGATIONS   (Rodriguez, Nancy ) Current Location: PCH  View Bill  |  View FIR

Senate Bill 64 (SB 64) clarifies types of federally insured obligations local government treasurers may invest public money.


SB 66 PERMITTED PERCENTAGE RATES FOR LOANS   (Soules, William ) Current Location: CC  View Bill  |  View FIR

This bill changes the permitted percentage rates for small loans pursuant to the New Mexico Bank Installment Loan Act and the New Mexico Small Loan Act, requires a license for certain lenders, and changes reporting requirements.


SB 136 LOCAL OPTION FOR RESTAURANTS   (Soules, William ) Current Location: STBTC  View Bill  |  View FIR

Senate Bill 136 (SB 136) provides that a local option district may hold an election to allow the sale by certain restaurant licenses of spirituous liquors distilled and bottled in New Mexico.


SB 149 PROHIBIT NEW FRACKING LICENSES   (Sedillo-Lopez, Antoinette ) Current Location: SJC  View Bill  |  View FIR

Senate Bill 149 (SB 149) prohibits the issuance of new hydraulic fracturing permits and creates reporting requirements.


SB 164 STUDENT LOAN BILL OF RIGHTS   (Duhigg, Katy ) Current Location: SJC  View Bill  |  View FIR

Senate Bill 164 (SB 164) enacts the Student Loan Bill of Rights Act. SB 164 provides for a student loan servicer’s license and delineates the duties of a student loan service. SB 164 gives administrative responsibility and enforcement power to the financial institutions division the regulation and licensing department. SB 164 provides for discharge of private education loans upon a showing of permanent disability. SB 164 requires that alternative repayment options be offered to borrowers equally; provides for right for cosigners, including notice and access to information; provides for cosigner release; and prohibits certain acceleration of private education loans. SB 164 creates the position of ombudsman. Defines certain violations of the Student Bill of Rights as unfair and unconscionable trade practices; creates a private right of action; and provides penalties. SB 164 creates the Student Loan Bill of Rights Fun. Makes an appropriation.


SB 170 FINANCIAL LITERACY SCHOOL CREDIT   (Hemphill, Siah Correa) Current Location: SEC  View Bill  |  View FIR

Senate Bill 170 (SB 170) amends Public Education graduation requirements to require one-half unit of financial literacy prior to graduation.


SB 189 FINANCIAL EXPLOITATION ACT   (Duhigg, Katy ) Current Location: SJC  View Bill  |  View FIR

CS Synopsis March 01, 2021: STBTCcs/SB 189: Senate Tax, Business and Transportation Committee, committee substitute for Senate Bill 189 enacts the Financial Exploitation Act and creates a civil cause of action. Definitions are provided. Original Synopsis February 04, 2021: Senate Bill 189 (SB 189) enacts the Financial Exploitation Act. SB 189 creates reporting requirements. SB 189 provides for the delay of suspect transactions. SB 189 describes training requirements for financial institutions. SB 189 creates a civil cause of action. SB 189 provides definitions. SB 189 changes sections of the NMSA 1978 to conform to this act.


SB 221 FINANCIAL CRIMES AGAINST THE VULNERABLE   (Padilla, Michael ) Current Location: SJC  View Bill  |  View FIR

Relating to crime by enacting the Financial Crimes Against Elderly Disabled or Vulnerable Adults Act, creating the Crimes of Financial Exploitation of an elderly disabled or vulnerable adult and unlawful use of a power of attorney, and providing penalties.


SB 269 SMALL LOAN ACT EXEMPTIONS & LICENSEES   (Ivey-Soto, Daniel A) Current Location: STBTC  View Bill  |  View FIR

Senate Bill 269 (SB 269) exempts loans that do not accrue interest from certain provisions of the New Mexico Small Loan Act of 1955 and clarifies record requirements for an out-of-state licensee.


SB 288 CANNABIS REGULATION ACT   (Pirtle, Cliff R. ) Current Location: SJC  View Bill  |  View FIR

Senate Bill 288 (SB 288) enacts the Cannabis Regulation Act and the Cannabis Tax Act and legalizes, regulates, and taxes recreational marijuana for people 21 or older. SB 288 creates a state agency, Cannabis Control Commission to oversee state-controlled cannabis sales. The bill establishes the Cannabis Regulation Fund and the Road Safety Fund and imposes a 2% excise tax. SB makes an appropriation and declares an emergency.


SB 313 PUBLIC BANKING ACT   (Steinborn, Jeff ) Current Location: STBTC  View Bill  |  View FIR

Senate Bill 313 (SB 313) enacts the Public Banking Act and creates the Public Bank of New Mexico and the State Banking Fund.


SB 320 NEW LIQUOR LICENSE TYPES   (Griggs, Ron ) Current Location: STBTC  View Bill  |  View FIR

Senate Bill 320 (SB 320) creates new types of liquor licenses and alters the requirements and powers conferred by certain liquor licenses


SB 349 MORTGAGE RELIEF ACT   (Duhigg, Katy ) Current Location: SJC  View Bill  |  View FIR

Senate Bill 349 (SB 349) enacts the Coronavirus Disease 2019 Mortgage Relief Act. SB 349 provides definitions. SB 349 provides a moratorium on all foreclosures during the coronavirus disease 2019 public health emergency and requires certain disclosures be made to borrowers. SB 349 requires certain loss mitigation options and requires compliance as a precondition to foreclosure. Declares an emergency.


SB 365 ADJUSTABLE RATE MORTGAGE CHANGES   (Kernan, Gay G. ) Current Location: SGND  View Bill  |  View FIR

Senate Bill 365 amends code relating to mortgage loan origination to change the prohibitions and requirements relating to certain adjustable rate home loans.


SB 440 STATEWIDE ECONOMIC DEVELOPMENT FINANCE ACT  (Shendo, Benny ) Current Location: DEAD  View Bill  |  View FIR


SJR 9 REPEAL ANTI-DONATION, CA   (Candelaria, Jacob ) Current Location: SJC  View Bill  |  View FIR

Senate Joint Resolution 9 (SJR 9) proposes to repeal the Anti-Donation Clause.


SM 2 NATIONAL BANK INFRASTRUCTURE   (Tallman, Bill ) Current Location: SCal  View Bill  |  View FIR

This memorial urges the United States Congress to pass the National Infrastructure Bank Act of 2020, to create a national infrastructure bank to finance infrastructure projects.