---
type: "Bill"
title: "TOBACCO FUND IS NOT A RESERVE FUND"
description: "TOBACCO FUND IS NOT A RESERVE FUND"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2024"
identifier: "SB 116"
citation: "New Mexico SB 116 (2024)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC"]
status: "enacted"
primary_sponsors: ["Hickey, Martin", "Sariñana, Debra M."]
version_count: 2
action_count: 9
vote_count: 2
first_action: "2024-01-18"
last_action: "2024-03-01"
source: "openstates"
source_identifier: "ocd-bill/8db5b7ad-f1e4-4043-b562-5dce22dec496"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=116&year=24"
source_hash: "3f40c6b5f71e9a8a926ea98c85f91e5579a88326f3c7608ed296fbaca028cc38"
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 116 (2024) — TOBACCO FUND IS NOT A RESERVE FUND

## Version chain

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

1. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/24%20Regular/final/SB0116.PDF)
2. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/24%20Regular/bills/senate/SB0116.HTML)

## Votes

- senate passage — **38–0** (pass) · upper
- house passage — **65–0** (pass) · lower

## Sponsors

- Hickey, Martin — primary (person)
- Sariñana, Debra M. — primary (person)

## Timeline

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

- **2024-01-18** Sent to Senate Committees' Committee & Senate Health and Public Affairs Committee & Senate Finance Committee `introduction, referral-committee`
- **2024-01-26** germane
- **2024-02-12** DO PASS committee report adopted `committee-passage-favorable`
- **2024-02-13** passed House `passage`
- **2024-02-01** DO PASS committee report adopted `committee-passage-favorable`
- **2024-02-05** DO PASS committee report adopted `committee-passage-favorable`
- **2024-02-06** passed Senate `passage`
- **2024-02-06** Sent to House Appropriations & Finance Committee `introduction, referral-committee`
- **2024-03-01** Signed `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/8db5b7ad-f1e4-4043-b562-5dce22dec496`. Confidence: reported (aggregated from official New Mexico legislature records).