---
type: "Bill"
title: "SMALL BUSINESS RECOVERY ACT"
description: "SMALL BUSINESS RECOVERY ACT"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2021"
identifier: "SB 3"
citation: "New Mexico SB 3 (2021)"
classification: ["bill"]
subjects: ["ECONOMIC DEVELOPMENT & TOURISM"]
status: "enacted"
primary_sponsors: ["Candelaria, Jacob R.", "Matthews, Marian"]
version_count: 3
action_count: 8
vote_count: 0
first_action: "2021-01-19"
last_action: "2021-03-03"
source: "openstates"
source_identifier: "ocd-bill/97682376-da52-4e4d-b3dc-ec9cf6903c0b"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=3&year=21"
source_hash: "318e74e55294717c810c482958260072de8ddb3560f61c4d092593b49eeba33c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nm"]
---

# New Mexico SB 3 (2021) — SMALL BUSINESS RECOVERY ACT

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **FC substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0003FCS.HTML)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/21%20Regular/final/SB0003.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0003.HTML)

## Sponsors

- Candelaria, Jacob R. — primary (person)
- Matthews, Marian — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-01** DO PASS committee report adopted `committee-passage-favorable`
- **2021-01-19** Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2021-02-10** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2021-02-10** passed Senate `passage`
- **2021-02-11** Sent to House Taxation & Revenue Committee `introduction, referral-committee`
- **2021-02-23** DO PASS committee report adopted `committee-passage-favorable`
- **2021-02-25** passed House `passage`
- **2021-03-03** Signed `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/97682376-da52-4e4d-b3dc-ec9cf6903c0b`. Confidence: reported (aggregated from official New Mexico legislature records).