Sat Mar 8 4:57PM - 13 days, 18 hours left in session
| Sponsor | ||
|---|---|---|
| Rep. Patricia Roybal Caballero | 13 | Bernalillo |
| Status | |||
|---|---|---|---|
| HCPAC ❓ | Possibly heard on Mar 6; it may take 1-2 days to learn status. | ||
| HAFC | |||
This is the official nmlegis action history. I'm doing my best to translate the LONG/WEIRD-STRING to something less gibberishy. And before you ask, no, the "Legis Day" number has no mapping to the real world.
Actions: [7] HCPAC/HAFC-HCPAC
| Legis Day | Action | Details |
|---|---|---|
| 7 | referred | HCPAC/HAFC |
| 7 | sent | HCPAC |
This table shows bill actions detected on Ed's system, using heuristics that may not be 100% accurate and which may not reflect the "official" nmlegis chronology. It is probably more than you care to know.
| Feb 20 | filed: [Prefiled by Patricia Roybal Caballero; not yet on nmlegis] |
| [new] | |
| sent to HCPAC | |
| title: '[prefiled by Patricia Roybal Caballero; Not Yet on Nmlegis]' -> 'Sustain the Families Trust Fund' | |
| actions: 'HPREF' -> '[7] HCPAC/HAFC-HCPAC' | |
| new sponsor: Patricia Roybal Caballero | |
| Feb 27 | added to HCPAC agenda on Tue Mar 4, 13:30 |
| Mar 4 | scheduled for HCPAC on Thu Mar 6, 13:30 |
| removed from HCPAC 03-04 |
HOUSE BILL 520
57th legislature - STATE OF NEW MEXICO - first session, 2025
INTRODUCED BY
Patricia Roybal Caballero
AN ACT
RELATING TO SUBSIDIES; CREATING THE SUSTAIN THE FAMILIES TRUST FUND FOR FUTURE ISSUANCE OF SUBSIDIES FOR LOWER INCOME RESIDENTS FOR THE PURPOSE OF ASSISTING THOSE IN NEW MEXICO WHO ARE MOST DISADVANTAGED AS A BASIC RIGHT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. [NEW MATERIAL] SUSTAIN THE FAMILIES TRUST FUND.--
A. The "sustain the families trust fund" is created as a nonreverting fund in the state treasury. The fund shall consist of distributions, appropriations, gifts, grants and donations. Income from investment of the fund shall be credited to the fund. Money in the fund shall be expended, subject to availability of money in the fund, to provide income subsidies to lower income residents, as provided by law.
B. The state investment officer, subject to the approval of the state investment council, shall invest money in the trust fund:
(1) in accordance with the prudent investor rule set forth in the Uniform Prudent Investor Act; and
(2) in consultation with the secretary of health care authority.
C. The state investment officer shall report quarterly to the legislative finance committee and the state investment council on the investments made pursuant to this section. Annually, a report shall be submitted no later than October 1 each year to the legislative finance committee, the revenue stabilization and tax policy committee and any other appropriate interim committees.
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