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HB246 • 2026

MATCHING FUNDS FOR FLOODPLAIN LAND REHAB

MATCHING FUNDS FOR FLOODPLAIN LAND REHAB

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Brian G. Baca, Representative Mark Duncan, Representative Alan T. Martinez, Representative Luis M. Terrazas, Representative Harlan Vincent, Senator Rex Wilson
Last action
Official status
[3] HENRC/HAFC-HENRC [5] DP-HAFC API.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

MATCHING FUNDS FOR FLOODPLAIN LAND REHAB

MATCHING FUNDS FOR FLOODPLAIN LAND REHAB

What This Bill Does

  • MATCHING FUNDS FOR FLOODPLAIN LAND REHAB

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-02-05 New Mexico Legislature

    HENRC: Reported by committee with Do Pass recommendation

  2. 2026-01-30 New Mexico Legislature

    Sent to HENRC - Referrals: HENRC/HAFC

  3. New Mexico Legislature

    Action Postponed Indefinitely

Official Summary Text

MATCHING FUNDS FOR FLOODPLAIN LAND REHAB

Current Bill Text

Read the full stored bill text 
HB0246

HOUSE BILL 246

57th legislature - STATE OF NEW MEXICO - second session, 2026

INTRODUCED BY

Harlan Vincent
and
Rex Wilson
and
Mark Duncan

AN ACT

MAKING AN APPROPRIATION TO PROVIDE STATE MATCHING FUNDS TO
POLITICAL SUBDIVISIONS OF THE STATE THAT HAVE BEEN APPROVED FOR
FEDERAL ASSISTANCE TO ACQUIRE AND REHABILITATE LAND LOCATED IN
A FLOODPLAIN BACK TO ITS NATURAL STATE.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

SECTION 1.
APPROPRIATION.--Sixty-two million dollars
($62,000,000) is appropriated from the general fund to the
department of finance and administration for expenditure in
fiscal years 2027 through 2029 to provide state matching funds
to political subdivisions of the state that have been approved
for federal assistance to acquire and rehabilitate back to its
natural state land that is located in a floodplain and that
poses a threat to life, safety or public infrastructure as a
result of a natural disaster or continued flood risk. Any
unexpended balance remaining at the end of fiscal year 2029
shall revert to the general fund.

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