State rural universal service fund budget caps

The total obligations of the fund determined by the commission, plus administrative expenses and a prudent fund balance, shall not exceed a cap of: A. eighteen million dollars ($18,000,000) pursuant to the access reduction support, need-based support and comparable carrier support in Subsections K through N of Section 63-9H-6 NMSA 1978; B. twelve million dollars ($12,000,000) pursuant to the broadband program in Subsection C of Section 7 [63-9H-15 NMSA 1978] of this 2026 act; and C. pursuant to the low-income telecommunications assistance program: (1) ten million dollars ($10,000,000) in the first year of the program; and (2) forty-five million dollars ($45,000,000) per year in subsequent years of the program. History: Laws 2026, ch. 34, § 8.