# New Mexico HB 69: LOAN FORGIVENESS MULTIPLIER ACT

New Mexico HB 69, LOAN FORGIVENESS MULTIPLIER ACT, is a 2025 Regular Session House bill sponsored by Joy Garratt (Democratic); status signed, last action 2025-04-08 (Signed by Governor - Chapter 90 - Apr. 8); PRIA reads it as touching household money (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/NM-HB69-2025
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Mexico HB 69
- State: New Mexico
- Session: 2025 Regular Session
- Title: LOAN FORGIVENESS MULTIPLIER ACT
- Status: signed
- Chamber: House
- Introduced: unknown
- Last action: 2025-04-08, Signed by Governor - Chapter 90 - Apr. 8
- Sponsor: Joy Garratt (Democratic)
- Cosponsors: 1
- Touches household money: yes
- Roll calls: 2 (98 yes, 0 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- More loan forgiveness work credit for adjuncts: benefit, high. Beginning July 1, 2025, qualifying New Mexico colleges must give current and former adjunct and contingent faculty more work-hour credit. This applies to colleges recognized as qualifying employers for federal Public Service Loan Forgiveness. Colleges must count at least 4.35 work hours per credit…
- College workers get loan forgiveness paperwork help: benefit, low. Beginning July 1, 2025, New Mexico colleges recognized as qualifying federal loan forgiveness employers must certify workers' employment. They must do so when current or former workers ask and when employees leave, without unreasonable delays. Certification must cover the requested period, or all e…

## Sponsors and cosponsors

- Sponsor: Joy Garratt (Democratic), House
- Cosponsor: Leo Jaramillo (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-20 | Senate | Final Senate Vote | pass | 40 | 0 |   |
| 2025-02-26 | House | Final House Vote | pass | 58 | 0 |   |

## Actions (10)

- 2025-04-08: Signed by Governor - Chapter 90 - Apr. 8 (Senate)
- 2025-03-20: Passed in the Senate - Y:40 N:0 (Senate)
- 2025-03-06: SFC: Reported by committee with Do Pass recommendation (Senate)
- 2025-03-03: SEC: Reported by committee with Do Pass recommendation (Senate)
- 2025-02-26: Sent to SEC - Referrals: SEC/SFC (Senate)
- 2025-02-26: Passed in the House of Representatives - Y:58 N:0 (House)
- 2025-02-19: HEC: Reported by committee with Do Pass recommendation (House)
- 2025-02-03: HGEIC: Reported by committee with Do Pass recommendation (House)
- 2025-01-23: Sent to HGEIC - Referrals: HGEIC/HEC (Senate)
- undated: Sent to HPREF - Referrals: HPREF (Senate)

## Bill text

- Final Version, 2025-04-09: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/final/HB0069.pdf)
- SFC Committee Report 3/06/25, 2025-03-06: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069FC1.pdf)
- SEC Committee Report 3/03/25, 2025-03-03: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069ED1.pdf)
- HEC Committee Report 2/19/25, 2025-02-19: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069EC1.pdf)
- HGEIC Committee Report 2/03/25, 2025-02-03: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069GE1.pdf)
- Introduced, 2025-01-09: [HTML](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069.html), [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069.pdf)

## Related bills

- HB 2: GENERAL APPROPRIATION ACT OF 2025 (signed)
- SB 45: COUNTY HEALTH CARE ASSISTANCE FUND USE (signed)
- SB 343: TEACHER SALARY RATES CHANGES (signed)
- SB 345: TEACHER & INSTRUCTIONAL SUPPORT LICENSURE (signed)
- SB 133: EDUCATIONAL RETIREES RETURNING TO WORK (signed)
- HB 157: NEW SCHOOL LICENSES (signed)

## Sources
- [Final Version (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/final/HB0069.pdf)
- [SFC Committee Report 3/06/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069FC1.pdf)
- [SEC Committee Report 3/03/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069ED1.pdf)
- [HEC Committee Report 2/19/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069EC1.pdf)
- [HGEIC Committee Report 2/03/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069GE1.pdf)
- [Introduced (HTML)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069.html)
- [Introduced (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0069.pdf)

## Related
- [HB 2: GENERAL APPROPRIATION ACT OF 2025](https://policyrisk.com/state-bill/NM-HB2-2025)
- [SB 45: COUNTY HEALTH CARE ASSISTANCE FUND USE](https://policyrisk.com/state-bill/NM-SB45-2025)
- [SB 343: TEACHER SALARY RATES CHANGES](https://policyrisk.com/state-bill/NM-SB343-2025)
- [SB 345: TEACHER & INSTRUCTIONAL SUPPORT LICENSURE](https://policyrisk.com/state-bill/NM-SB345-2025)
- [SB 133: EDUCATIONAL RETIREES RETURNING TO WORK](https://policyrisk.com/state-bill/NM-SB133-2025)
- [HB 157: NEW SCHOOL LICENSES](https://policyrisk.com/state-bill/NM-HB157-2025)
- [New Mexico bills](https://policyrisk.com/states/new-mexico/bills)
- [New Mexico state hub](https://policyrisk.com/states/new-mexico)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/NM-HB69-2025 (as of 2026-10-16).