State • New Mexico

SB 112: SEVERANCE TAX FUND INVESTMENT CLASSES

Pete CamposIntroduced

SB 112 status: Introduced — action postponed indefinitely (updated Mar 24, 2026).

1

What this bill does

Overall score

Score60/100 civic fit
RiskModerate risk
ImpactModerate impact 65/100

Bill summary

Official

The state has a savings account funded by taxes on oil and gas. This bill updates the rules for how that money can be invested to help it grow. It is currently being debated in the Senate.

Key analysis

Constitutionality90%
Bipartisan50%
Public opinion50%
2

Impact analysis

Environment

Mixed / Neutral
50%

Benefits

  • No direct impact on environmental policy identified

Risks

  • No direct impact on environmental policy identified

Economy

Positive Outlook
65%

Benefits

  • Potential for improved long-term fund growth
  • Increased flexibility for asset allocation

Risks

  • Exposure to broader market volatility
  • Potential risk of loss from new asset classes

Society

Mixed / Neutral
50%

Benefits

  • No direct social impact identified

Risks

  • No direct social impact identified
3

How trustworthy & consequential it is

Source

OpenStates

Confidence

low

low

Analysis status

OpenStates summary

Warning

Expanding investment classes increases the state's exposure to market-specific risks

Limitation

Analysis based solely on limited OpenStates summary

4

Where it stands

1

Introduced

Current

action postponed indefinitely

2

Committee

Upcoming
3

Floor

Upcoming
4

Governor

Upcoming
5

Enacted

Upcoming
5

How it affects your district

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6

Take action

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