# New Mexico SB 170: NMFA DEFINITIONS, FUNDS & RATES

New Mexico SB 170, NMFA DEFINITIONS, FUNDS & RATES, is a 2025 Regular Session Senate bill sponsored by Michael Padilla (Democratic); status signed, last action 2025-04-07 (Signed by Governor - Chapter 71 - Apr. 7) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/NM-SB170-2025
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Mexico SB 170
- State: New Mexico
- Session: 2025 Regular Session
- Title: NMFA DEFINITIONS, FUNDS & RATES
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-28
- Last action: 2025-04-07, Signed by Governor - Chapter 71 - Apr. 7
- Sponsor: Michael Padilla (Democratic)
- Cosponsors: 3
- Touches household money: no
- Roll calls: 2 (99 yes, 10 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Faster permit decisions for qualifying utilities: benefit, low. New Mexico's utility commission must decide qualifying utility certificate applications within six months of filing. Applications must have certification from the state's Economic Development Department to qualify. The commission can extend the deadline by up to three months for good cause. If it m…
- Public projects face new funding limits: cost, low. After June 30, 2028, public projects need specific authorization in law to get New Mexico Public Project Revolving Fund financing. Projects without that authorization are no longer eligible for this funding.

## Sponsors and cosponsors

- Sponsor: Michael Padilla (Democratic), Senate
- Cosponsor: Joshua N. Hernandez (Republican), House
- Cosponsor: Joy Garratt (Democratic), House
- Cosponsor: Meredith A. Dixon (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-21 | House | Final House Vote | pass | 68 | 0 |   |
| 2025-03-10 | Senate | Final Senate Vote | pass | 31 | 10 |   |

## Actions (11)

- 2025-04-07: Signed by Governor - Chapter 71 - Apr. 7 (Senate)
- 2025-03-21: Senate has concurred with House Amendments (Senate)
- 2025-03-21: Passed in the House of Representatives - Y:68 N:0 (House)
- 2025-03-20: HAFC: Reported by committee with Do Pass recommendation (House)
- 2025-03-18: HCEDC: Reported by committee with Do Pass recommendation with amendment(s) (House)
- 2025-03-12: Sent to HCEDC - Referrals: HCEDC/HAFC (Senate)
- 2025-03-10: Passed in the Senate - Y:31 N:10 (Senate)
- 2025-03-10: Senate Floor Amendment (Senate)
- 2025-03-07: SFC: Reported by committee with Do Pass recommendation with amendment(s) (Senate)
- 2025-02-19: STBTC: Reported by committee with Do Pass recommendation with amendment(s) (Senate)
- 2025-01-28: Sent to STBTC - Referrals: STBTC/SFC (Senate)

## Bill text

- Final Version, 2025-04-08: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/final/SB0170.pdf)
- HAFC Committee Report 3/20/25, 2025-03-20: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170AF1.pdf)
- HCEDC Committee Report 3/18/25, 2025-03-18: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170CE1.pdf)
- Senate Floor Amendment 1 3/10/25, 2025-03-10: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170FS1.pdf)
- SFC Committee Report 3/07/25, 2025-03-07: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170FC1.pdf)
- STBTC Committee Report 2/19/25, 2025-02-19: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170CT1.pdf)
- Introduced, 2025-01-28: [HTML](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170.html), [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170.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/SB0170.pdf)
- [HAFC Committee Report 3/20/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170AF1.pdf)
- [HCEDC Committee Report 3/18/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170CE1.pdf)
- [Senate Floor Amendment 1 3/10/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170FS1.pdf)
- [SFC Committee Report 3/07/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170FC1.pdf)
- [STBTC Committee Report 2/19/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170CT1.pdf)
- [Introduced (HTML)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170.html)
- [Introduced (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0170.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-SB170-2025 (as of 2026-10-19).