CAPITAL OUTLAY REAUTHORIZATIONS, the official text

HOUSE BILL 332

57th legislature - STATE OF NEW MEXICO - second session, 2026

INTRODUCED BY

Derrick J. Lente

AN ACT

RELATING TO CAPITAL EXPENDITURES; REAUTHORIZING OR
REAPPROPRIATING BALANCES, EXPANDING OR CHANGING PURPOSES,
EXTENDING EXPENDITURE PERIODS AND CHANGING AGENCIES;
ESTABLISHING CONDITIONS FOR THE REVERSION OR TRANSFER OF
UNEXPENDED BALANCES OF APPROPRIATIONS MADE BY THE LEGISLATURE
IN PRIOR YEARS; DECLARING AN EMERGENCY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

SECTION 1. SEVERANCE TAX BONDS--REVERSION OF PROCEEDS.--

A. Except as otherwise provided in another section
of this act:

(1) the unexpended balance from the proceeds
of severance tax bonds issued for a project that has been
reauthorized in this act shall revert to the severance tax
bonding fund:

(a) at the end of the expenditure period
as set forth in this act, if the expenditure period is changed
in this act; or

(b) if the expenditure period is not
changed in this act, pursuant to the time frame set forth in
the law that originally authorized the severance tax bonds or
the time frame set forth in any law that has previously
reauthorized the expenditure of the proceeds, whichever is
later; and

(2) all remaining balances from the proceeds
of severance tax bonds issued for a project that has been
reauthorized in this act shall revert to the severance tax
bonding fund three months after the reversion date for the
unexpended balances.

B. For the purpose of this section, "unexpended
balance" means the remainder of an appropriation after
reserving for unpaid costs and expenses covered by binding
written obligations to third parties.

SECTION 2. GENERAL FUND AND OTHER FUND APPROPRIATIONS--REVERSIONS.--

A. Except as otherwise provided in another section
of this act:

(1) the unexpended balance of an appropriation
from the general fund or other state fund that has been changed
in this act shall revert:

(a) at the end of the expenditure period
as set forth in this act, if the expenditure period is changed
in this act; or

(b) if the expenditure period is not
changed in this act, pursuant to the time frame set forth in
the law in which the original appropriation was made or the
time frame set forth in any law that has previously changed the
appropriation, whichever is later; and

(2) all remaining balances of an appropriation
from the general fund or other state fund that has been changed
in this act shall revert three months after the reversion date
for the unexpended balance.

B. Except as provided in Subsection C of this
section, the balance of an appropriation made from the general
fund or other state fund shall revert pursuant to Subsection A
of this section to the originating fund.

C. The balance of an appropriation made from the
general fund or other state fund to the Indian affairs
department or the aging and long-term services department for a
project located on lands of an Indian nation, tribe or pueblo
shall revert pursuant to Subsection A of this section to the
tribal infrastructure project fund.

D. For the purpose of this section, "unexpended
balance" means the remainder of an appropriation after
reserving for unpaid costs and expenses covered by binding
written obligations to third parties.

SECTION 3. FRANCISCO POND ROAD BRIDGE IMPROVEMENT--EXTEND
TIME--SEVERANCE TAX BONDS.--The time of expenditure for the
Indian affairs department project in Subsection 16 of Section
26 of Chapter 53 of Laws 2022 to plan, design, construct and
improve a bridge on Francisco Pond road in the Rock Springs
chapter of the Navajo Nation in McKinley county is extended
through fiscal year 2028.

SECTION 4. LEA COUNTY HISTORIC COURTHOUSE RENOVATION--CHANGE TO LEA COUNTY BUILDING RENOVATION--CHANGE PURPOSE--EXTEND TIME--SEVERANCE TAX BONDS.--The unexpended balance of
the appropriation to the local government division in
Subsection 268 of Section 30 of Chapter 53 of Laws 2022 to
plan, design, construct, renovate, equip and furnish
improvements to the historic courthouse in Lovington in Lea
county shall not be expended for the original purpose but is
changed to plan, design, construct, furnish, equip and renovate
county buildings in Lovington in Lea county. The time of
expenditure is extended through fiscal year 2028.

SECTION 5. ALBUQUERQUE YOUTH FACILITY PURCHASE--EXPAND
PURPOSE--EXTEND TIME--SEVERANCE TAX BONDS.--The local
government division project in Subsection 144 of Section 30 of
Chapter 53 of Laws 2022 to purchase, equip and renovate a
facility to provide temporary housing for youth in transition
in Albuquerque in Bernalillo county may include young adults in
transition. The time of expenditure is extended through fiscal
year 2028.

SECTION 6. CURRY COUNTY RECREATION COMPLEX CONSTRUCTION--CHANGE TO CLOVIS NED HOUK MEMORIAL PARK RENOVATION--CHANGE
PURPOSE--EXTEND TIME--GENERAL FUND.--The unexpended balance of
the appropriation to the local government division in
Subsection 260 of Section 28 of Chapter 66 of Laws 2024 to
plan, design, construct and equip a recreation and sports
complex in Curry county shall not be expended for the original
purpose but is changed to plan, design, construct, equip and
improve Ned Houk memorial park, including playgrounds,
sidewalks, shelters and lighting, in Clovis in Curry county.
The time of expenditure is extended through fiscal year 2028.

SECTION 7. EMERGENCY.--It is necessary for the public
peace, health and safety that this act take effect immediately.

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