---
type: "Bill"
title: "SEVERANCE TAX FUND MINIMUM DISTRIBUTION"
description: "SEVERANCE TAX FUND MINIMUM DISTRIBUTION"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2023"
identifier: "SB 378"
citation: "New Mexico SB 378 (2023)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC", "STATE AGENCIES & DEPARTMENTS (including reorganization)"]
status: "enacted"
primary_sponsors: ["Rodriguez, Nancy"]
version_count: 3
action_count: 9
vote_count: 0
first_action: "2023-02-08"
last_action: "2023-04-04"
source: "openstates"
source_identifier: "ocd-bill/364c5af7-7dab-4378-8b3d-b9a39d8d472e"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=378&year=23"
source_hash: "0cb217c6cdbf72f9fdd66b89c96cfb95cc66ba10fb2ae7090c4bb7056a716e51"
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 378 (2023) — SEVERANCE TAX FUND MINIMUM DISTRIBUTION

## 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/SB0378.pdf)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/final/SB0378.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0378.HTML)

## Sponsors

- Rodriguez, Nancy — primary (person)

## Timeline

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

- **2023-02-08** Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2023-02-27** DO PASS committee report adopted `committee-passage-favorable`
- **2023-03-03** passed Senate `passage`
- **2023-02-24** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2023-03-17** passed House `passage`
- **2023-03-14** DO PASS committee report adopted `committee-passage-favorable`
- **2023-03-08** DO PASS committee report adopted `committee-passage-favorable`
- **2023-03-04** Sent to House Taxation & Revenue Committee & House Appropriations & Finance Committee `introduction, referral-committee`
- **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/364c5af7-7dab-4378-8b3d-b9a39d8d472e`. Confidence: reported (aggregated from official New Mexico legislature records).