New MexicoProposal would move $98.4 million into state's operating reserve
If adopted, the proposal would move $98.4 million from a fund for patient compensation into the state's general fund operating reserve.
What it does
The proposal would move $98.4 million from the patient's compensation fund into the state's general fund operating reserve.
Argument forThe transfer could add $98.4 million to the state's operating reserve for general fund operations.
Argument againstMoving this money could leave the patient's compensation fund with fewer resources for its purposes.
More detail
Transfer $98.4 million from the patient's compensation fund to the general fund operating reserve. The money would move from the patient's compensation fund to the state's general fund operating reserve.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 24action postponed indefinitelyLatest
- Feb 18passed SenatePassed Senate
- Vote recorded senate passage. Result: pass.Upper
- Feb 18Sent to House Appropriations & Finance CommitteeMinor
- Feb 17DO NOT PASS, replaced with committee substituteMinor
- Feb 16germane
- Feb 15referred to Senate Committees' Committee & Senate Finance CommitteeMinor
- Feb 15withdrawn from committeeMajor
- Feb 4not printed Senate Finance CommitteeIntroduced
Taxes & Budget