# New Mexico SB 115: PUBLIC PROJECT REVOLVING FUND PROJECTS

New Mexico SB 115, PUBLIC PROJECT REVOLVING FUND PROJECTS, is a 2025 Regular Session Senate bill sponsored by Michael Padilla (Democratic); status signed, last action 2025-04-07 (Signed by Governor - Chapter 67 - Apr. 7) (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/NM-SB115-2025
- 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 SB 115
- State: New Mexico
- Session: 2025 Regular Session
- Title: PUBLIC PROJECT REVOLVING FUND PROJECTS
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-23
- Last action: 2025-04-07, Signed by Governor - Chapter 67 - Apr. 7
- Sponsor: Michael Padilla (Democratic)
- Cosponsors: 2
- Touches household money: no
- Roll calls: 2 (99 yes, 3 no in all)
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Michael Padilla (Democratic), Senate
- Cosponsor: Joy Garratt (Democratic), House
- Cosponsor: Patricia A. Lundstrom (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-19 | House | Final House Vote | pass | 65 | 0 |   |
| 2025-02-27 | Senate | Final Senate Vote | pass | 34 | 3 |   |

## Actions (10)

- 2025-04-07: Signed by Governor - Chapter 67 - Apr. 7 (Senate)
- 2025-03-20: Senate has concurred with House Amendments (Senate)
- 2025-03-19: Passed in the House of Representatives - Y:65 N:0 (House)
- 2025-03-15: HAFC: Reported by committee with Do Pass recommendation with amendment(s) (House)
- 2025-03-07: HTPWC: Reported by committee with Do Pass recommendation (House)
- 2025-02-28: Sent to HTPWC - Referrals: HTPWC/HAFC (Senate)
- 2025-02-27: Passed in the Senate - Y:34 N:3 (Senate)
- 2025-02-24: SFC: Reported by committee with Do Not Pass but with a Do Pass recommendation on Committee Substitution (Senate)
- 2025-02-12: SCONC: Reported by committee with Do Pass recommendation (Senate)
- 2025-01-23: Sent to SCONC - Referrals: SCONC/SFC (Senate)

## Bill text

- Final Version, 2025-04-08: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/final/SB0115.pdf)
- HAFC Committee Report 3/15/25, 2025-03-15: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115AF1.pdf)
- HTPWC Committee Report 3/07/25, 2025-03-07: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115TP1.pdf)
- SFC Committee Report 2/24/25, 2025-02-24: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115FC1.pdf)
- SFC Committee Substitute 2/24/25, 2025-02-24: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115FCS.pdf)
- SCONC Committee Report 2/12/25, 2025-02-12: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115CO1.pdf)
- Introduced, 2025-01-23: [HTML](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115.html), [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115.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/SB0115.pdf)
- [HAFC Committee Report 3/15/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115AF1.pdf)
- [HTPWC Committee Report 3/07/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115TP1.pdf)
- [SFC Committee Report 2/24/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115FC1.pdf)
- [SFC Committee Substitute 2/24/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115FCS.pdf)
- [SCONC Committee Report 2/12/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115CO1.pdf)
- [Introduced (HTML)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115.html)
- [Introduced (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115.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-SB115-2025 (as of 2026-10-16).