---
type: "Bill"
title: "USES OF LOCAL ECON DEVELOPMENT FUNDING"
description: "USES OF LOCAL ECON DEVELOPMENT FUNDING"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2021"
identifier: "SB 49"
citation: "New Mexico SB 49 (2021)"
classification: ["bill"]
subjects: ["ECONOMIC DEVELOPMENT & TOURISM", "FINANCE", "PUBLIC"]
status: "enacted"
primary_sponsors: ["Crowder, Randal S.", "Fajardo, Kelly K.", "Stefanics, Elizabeth \"Liz\"", "Woods, Pat"]
version_count: 4
action_count: 11
vote_count: 0
first_action: "2021-01-19"
last_action: "2021-04-09"
source: "openstates"
source_identifier: "ocd-bill/677ca340-7f4e-46ac-80b4-579124b12008"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=49&year=21"
source_hash: "bbfd39b5e255b69e214686eec39a5db6e7530bb2e9e2f2a0b0854036558792c9"
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 49 (2021) — USES OF LOCAL ECON DEVELOPMENT FUNDING

## Version chain

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

1. **CT substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0049CTS.HTML)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/21%20Regular/final/SB00049.PDF)
3. **PA substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0049PAS.HTML)
4. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0049.HTML)

## Sponsors

- Crowder, Randal S. — primary (person)
- Fajardo, Kelly K. — primary (person)
- Stefanics, Elizabeth "Liz" — primary (person)
- Woods, Pat — primary (person)

## Timeline

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

- **2021-02-01** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2021-01-19** Sent to Senate Health and Public Affairs Committee `introduction, referral-committee`
- **2021-02-17** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2021-02-18** referred to Senate Finance Committee `referral-committee`
- **2021-02-24** withdrawn from committee `withdrawal`
- **2021-03-01** passed Senate `passage`
- **2021-03-03** Sent to House Commerce & Economic Development Committee & House Taxation & Revenue Committee `introduction, referral-committee`
- **2021-03-08** DO PASS committee report adopted `committee-passage-favorable`
- **2021-03-19** passed House `passage`
- **2021-03-12** DO PASS committee report adopted `committee-passage-favorable`
- **2021-04-09** Signed `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/677ca340-7f4e-46ac-80b4-579124b12008`. Confidence: reported (aggregated from official New Mexico legislature records).