---
type: "Bill"
title: "NMFA VENTURE CAPITAL PROGRAM"
description: "NMFA VENTURE CAPITAL PROGRAM"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2023"
identifier: "SB 402"
citation: "New Mexico SB 402 (2023)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC", "STATE AGENCIES & DEPARTMENTS (including reorganization)"]
status: "enacted"
primary_sponsors: ["Hickey, Martin"]
version_count: 3
action_count: 8
vote_count: 0
first_action: "2023-02-10"
last_action: "2023-04-04"
source: "openstates"
source_identifier: "ocd-bill/de8b550e-3fe7-42c3-9129-1d360e5c00b8"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=402&year=23"
source_hash: "83896f17ab6b69d21d94ff25a5700ee20b95d2b62d0ba9175600e132f6e3737f"
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 402 (2023) — NMFA VENTURE CAPITAL PROGRAM

## 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/SB0402.pdf)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/final/SB0402.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0402.HTML)

## Sponsors

- Hickey, Martin — primary (person)

## Timeline

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

- **2023-02-10** Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2023-03-17** Sent to House Appropriations & Finance Committee `introduction, referral-committee`
- **2023-03-17** DO PASS committee report adopted `committee-passage-favorable`
- **2023-03-18** passed House `passage`
- **2023-03-14** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2023-03-16** passed Senate `passage`
- **2023-03-10** DO PASS 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/de8b550e-3fe7-42c3-9129-1d360e5c00b8`. Confidence: reported (aggregated from official New Mexico legislature records).