Sat Mar 8 5:21PM - 13 days, 17 hours left in session

Senate Bill 174

Spaceport District Fund Investment [view on nmlegis.gov]

Financial Analysis: FIR


Sponsor
Sen. Crystal Brantley 35 Catron, Doña Ana, Grant, Hidalgo, Luna, Sierra & Socorro

Status
STBTC[Referred, not scheduled]
SFC

"Official" History

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: [2] STBTC/SFC-STBTC

Legis DayActionDetails
2 referred STBTC/SFC
2 sent STBTC

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.

Jan 28 filed: [Prefiled by Crystal Brantley; not yet on nmlegis]
[new]
sent to STBTC
title: '[prefiled by Crystal Brantley; Not Yet on Nmlegis]' -> 'Spaceport District Fund Investment'
actions: 'SPREF' -> '[2] STBTC/SFC-STBTC'
new sponsor: Crystal Brantley

SENATE BILL 174

57th legislature - STATE OF NEW MEXICO - first session, 2025

INTRODUCED BY

Crystal Brantley

 

 

 

 

 

AN ACT

RELATING TO REGIONAL SPACEPORT DISTRICTS; PROVIDING THAT THE BOARDS OF REGIONAL SPACEPORT DISTRICTS EMPLOY THE STATE INVESTMENT COUNCIL OR STATE TREASURER TO INVEST FUNDS IN A LOCAL GOVERNMENT INVESTMENT POOL.

 

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

     SECTION 1. Section 5-16-8 NMSA 1978 (being Laws 2006, Chapter 15, Section 8) is amended to read:

     "5-16-8. INVESTMENTS.--A board shall invest or deposit funds in accordance with the prudent investor rule set forth in the Uniform Prudent Investor Act. The board shall employ the state investment council or state treasurer to invest the funds in a local government investment pool and may pay reasonable compensation for investment management services from the assets of the applicable funds. The board shall keep accurate and complete records and accounts concerning the investment portfolio."

     SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2025.

- 2 -

Legislators: Democratic sponsorship Republican sponsorship Bipartisan sponsorship This indicates your legislator
(Highlights bills they sponsor, committees they sit in)
Bill Rows: Active -- hearings scheduled (NN) - sequence number in agenda Inactive -- no hearings scheduled
Bill Progress: Passed Failed Vote Tabled
Incomplete Data: Heard(?)
(was scheduled for hearing recently)		 Heard Long Ago
(was scheduled for hearing many days ago)		 (There is very little I can do about these because nmlegis.gov does not report real-time results)

This site pulls data from nmlegis.gov but is in no way associated with that site or the state of New Mexico. It's just a labor of love by Ed.

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