All Roll Calls
Yes: 84 • No: 13
New MexicoHB 192025 Regular SessionHouseWALLET
TRADE PORTS DEVELOPMENT ACT
Sponsored By: Patricia A. Lundstrom (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 1 benefits, 0 costs, 3 mixed.
Trade Port Workers Gain Wage Protections
Construction under trade port public-private partnerships counts as public work. Covered contractors and subcontractors must follow state public-works wage, subcontracting, and apprenticeship laws. Workers on these projects gain prevailing-wage and training protections. The law does not set a specific wage amount.
Trade Port Oversight Limits Insider Hiring
A new advisory committee reviews trade port districts, partnership agreements, and funding requests, with support from the Economic Development Department. Its five public members are appointed by the Legislative Council and need experience in specified professional fields. Members with conflicts cannot participate in or influence decisions, and all members must certify compliance annually in writing. Private partners cannot employ relatives of the Economic Development Secretary or department agreement reviewers, or hire those officials within two years after departure. Knowing and willful hiring violations are misdemeanors, enforceable by the attorney general or district attorneys.
Longer Trade Port Deals Require Safeguards
Trade port projects must be in state-approved districts, with reviews covering infrastructure, workforce, feasibility, economic effects, public impacts, and funding. Public partners must publish notice before negotiations, compare partnership costs with traditional public delivery, hold a public hearing, and show public need and legal compliance before signing. Agreements need financing, risk-sharing, revenue accounting, audits, repayment, security, public-investment recovery, and default remedies; public partners generally must operate and maintain projects, except broadband, telecommunications, and energy components. Agreements need preliminary approval from the Economic Development Secretary and final approval from the State Board of Finance, which releases project money only after private partners meet required targets. Partnerships and covered contracts can last up to 30 years, including contract renewals and extensions; future-year payment obligations remain subject to legislative appropriation.
Trade Port Grants Require Private Matching
Beginning July 1, 2025, New Mexico's new trade port fund supports grants and loans to public partners for planning, construction, and improvements. Private partners must match or exceed the public partner's monetary obligation, as set by rule. Indian nations, tribes, and pueblos need a private partner and the Economic Development Secretary's approval of their agreement and funding application. Public partners can also receive up to $250,000 to study a proposed public-private partnership's costs and benefits. The law sets no total funding amount, keeps unspent money in the fund, and makes agency administrative reimbursements subject to legislative appropriation.
Sponsors & Cosponsors
Sponsor
Patricia A. Lundstrom
Democratic • House
Cosponsors
Art De La Cruz
Democratic • House
D. Wonda Johnson
Democratic • House
Dayan Hochman-Vigil
Democratic • House
Doreen Y. Gallegos
Democratic • House
Joseph Franklin Hernandez
Democratic • House
Joy Garratt
Democratic • House
Meredith A. Dixon
Democratic • House
Patricia Roybal Caballero
Democratic • House
Raymundo Lara
Democratic • House
Tara L. Lujan
Democratic • House
Roll Call Votes
Senate vote • 3/22/2025
Final Senate Vote
Yes: 28 • No: 9
House vote • 3/3/2025
Final House Vote
Yes: 56 • No: 4
Actions Timeline
Signed by Governor - Chapter 86 - Apr. 8
4/8/2025SenateHouse has concurred with Senate Amendments
3/22/2025HousePassed in the Senate - Y:28 N:9
3/22/2025SenateSFC: Reported by committee with Do Pass recommendation with amendment(s)
3/22/2025SenateSTBTC: Reported by committee with Do Pass recommendation with amendment(s)
3/16/2025SenateSent to STBTC - Referrals: STBTC/SFC
3/3/2025SenatePassed in the House of Representatives - Y:56 N:4
3/3/2025HouseHTRC: Reported by committee with Do Not Pass but with a Do Pass recommendation on Committee Substitution
2/28/2025HouseHCEDC: Reported by committee with Do Pass recommendation with amendment(s)
1/30/2025HouseSent to HCEDC - Referrals: HCEDC/HTRC
1/21/2025SenateSent to HPREF - Referrals: HPREF
Senate
Bill Text
Final Version
4/9/2025
SFC Committee Report 3/22/25
3/22/2025
STBTC Committee Report 3/16/25
3/16/2025
HTRC Committee Report 2/28/25
2/28/2025
HTRC Committee Substitute 2/28/25
2/28/2025
HCEDC Committee Report 1/30/25
1/30/2025
Introduced
1/7/2025