Summary:

 Senate Bill 216 (SB 216) repeals the prohibition on political subdivisions and home rule municipalities from enacting rent control for privately owned real property.  

Legislation Overview:

 Senate Bill 216 (SB 216) repeals Section 47-8A-1 NMSA1978 which states that “no political subdivision or any home rule municipality shall enact an ordinance or resolution that controls or would have the effect of controlling rental rates for privately owned real property.” 

Current Law:

 
Current law states that “no political subdivision or any home rule municipality shall enact an ordinance or resolution that controls or would have the effect of controlling rental rates for privately owned real property.”