Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateNew MexicoIntroduced
SB 112: SEVERANCE TAX FUND INVESTMENT CLASSES
Pete Campos
SB 112 status: Introduced — action postponed indefinitely (updated Mar 24, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
Not enough information
Score:Not enough information
Risk:Low Risk
Impact:Moderate Impact 40/100
Constitutionality100%
Bipartisan50%
Public opinion50%
Bill summary
What changes
The bill sought to modify the investment classes available for the management of the New Mexico Severance Tax Fund, which collects revenues from oil, gas, and coal production.
Who is affected
The New Mexico state government and the state investment council tasked with managing the Severance Tax Fund.
Requirements and enforcement
Not stated in the available source.
Costs and funding
Potentially modified management costs associated with new investment asset classes; exact figures are not provided.
When it takes effect
The bill was postponed indefinitely as of March 2026.
Potential benefits
Potential for increased returns and portfolio diversification for state revenue.
Risks and tradeoffs
Risk of exposure to market volatility and potential for reduced fund liquidity.
What is still unknown
The specific investment classes proposed, internal oversight mechanisms, and the intended balance of risk vs. reward are unknown due to the lack of full bill text.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Potential for improved investment returns on state assets
- Increased diversification of the Severance Tax Fund portfolio
- Modernization of state investment strategies for resource revenue
Risks
- Exposure to higher-volatility market investment classes
- Potential for increased management fees for complex asset classes
- Uncertainty regarding fiduciary risk in new investment vehicles
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Not enough information
Not enough information to score this sector.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
The bill status indicates it has been postponed indefinitely, meaning no further legislative action is expected.
Analysis scope
Source material is limited to a brief summary abstract.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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