---
type: "Bill"
title: "USE OF RACETRACK FUNDS FOR INSURANCE"
description: "USE OF RACETRACK FUNDS FOR INSURANCE"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2023"
identifier: "SB 336"
citation: "New Mexico SB 336 (2023)"
classification: ["bill"]
subjects: ["ANIMALS (fish", "livestock", "pets", "wildlife)", "GAMING"]
status: "enacted"
primary_sponsors: ["Padilla, Michael"]
version_count: 4
action_count: 11
vote_count: 0
first_action: "2023-02-03"
last_action: "2023-04-04"
source: "openstates"
source_identifier: "ocd-bill/0ff49f25-7fce-4d01-bebb-e7416797f043"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=336&year=23"
source_hash: "158451dcc25492b8701713a2cc0be239c191a007eed889a38946a2a8a8848a1c"
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 336 (2023) — USE OF RACETRACK FUNDS FOR INSURANCE

## Version chain

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

1. **Amendments in Context** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/Amendments_In_Context/SB0336.pdf)
2. **CT substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0336CTS.HTML)
3. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/final/SB0336.PDF)
4. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0336.HTML)

## Sponsors

- Padilla, Michael — primary (person)

## Timeline

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

- **2023-02-03** Sent to Senate Tax, Business and Transportation Committee & Senate Judiciary Committee `introduction, referral-committee`
- **2023-02-24** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2023-03-17** passed House `passage`
- **2023-03-14** Sent to House Commerce & Economic Development Committee `introduction, referral-committee`
- **2023-03-13** floor substitute adopted (1 amendment)
- **2023-03-13** passed Senate `passage`
- **2023-03-16** DO PASS committee report adopted `committee-passage-favorable`
- **2023-03-07** WITHOUT RECOMMENDATION committee report adopted `committee-passage`
- **2023-03-07** referred to Senate Finance Committee `referral-committee`
- **2023-03-08** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2023-04-04** Signed `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0ff49f25-7fce-4d01-bebb-e7416797f043`. Confidence: reported (aggregated from official New Mexico legislature records).