# New Mexico SB 92: HORSE RACING & JOCKEY INSURANCE FUND

New Mexico SB 92, HORSE RACING & JOCKEY INSURANCE FUND, is a 2025 Regular Session Senate bill sponsored by Michael Padilla (Democratic); status signed, last action 2025-04-08 (Signed by Governor - Chapter 114 - Apr. 8) (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/NM-SB92-2025
- 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 92
- State: New Mexico
- Session: 2025 Regular Session
- Title: HORSE RACING & JOCKEY INSURANCE FUND
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-23
- Last action: 2025-04-08, Signed by Governor - Chapter 114 - Apr. 8
- Sponsor: Michael Padilla (Democratic)
- Cosponsors: 1
- Touches household money: no
- Roll calls: 2 (99 yes, 1 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New insurance fund for jockeys and riders: benefit, low. The law creates a New Mexico treasury fund to help cover jockey and exercise rider insurance costs. The Racing Commission manages the fund and can spend it on costs tied to horse racing insurance and legal compliance. Money comes from commission collections, public funding, investment income, gifts…

## Sponsors and cosponsors

- Sponsor: Michael Padilla (Democratic), Senate
- Cosponsor: Candy Spence Ezzell (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-21 | House | Final House Vote | pass | 63 | 0 |   |
| 2025-02-25 | Senate | Final Senate Vote | pass | 36 | 1 |   |

## Actions (9)

- 2025-04-08: Signed by Governor - Chapter 114 - Apr. 8 (Senate)
- 2025-03-21: Passed in the House of Representatives - Y:63 N:0 (House)
- 2025-03-20: HAFC: Reported by committee with Do Pass recommendation (House)
- 2025-03-11: HCEDC: Reported by committee with Do Pass recommendation (House)
- 2025-02-26: Sent to HCEDC - Referrals: HCEDC/HAFC (Senate)
- 2025-02-25: Passed in the Senate - Y:36 N:1 (Senate)
- 2025-02-21: SFC: Reported by committee with Do Pass recommendation (Senate)
- 2025-02-12: STBTC: Reported by committee with Do Pass recommendation (Senate)
- 2025-01-23: Sent to STBTC - Referrals: STBTC/SFC (Senate)

## Bill text

- Final Version, 2025-04-09: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/final/SB0092.pdf)
- HAFC Committee Report 3/20/25, 2025-03-20: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092AF1.pdf)
- HCEDC Committee Report 3/11/25, 2025-03-11: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092CE1.pdf)
- SFC Committee Report 2/21/25, 2025-02-21: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092FC1.pdf)
- STBTC Committee Report 2/12/25, 2025-02-12: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092CT1.pdf)
- Introduced, 2025-01-23: [HTML](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092.html), [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092.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/SB0092.pdf)
- [HAFC Committee Report 3/20/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092AF1.pdf)
- [HCEDC Committee Report 3/11/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092CE1.pdf)
- [SFC Committee Report 2/21/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092FC1.pdf)
- [STBTC Committee Report 2/12/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092CT1.pdf)
- [Introduced (HTML)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092.html)
- [Introduced (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0092.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-SB92-2025 (as of 2026-10-16).