---
type: "Bill"
title: "PUBLIC PROJECT REVOLVING FUND PROJECTS"
description: "PUBLIC PROJECT REVOLVING FUND PROJECTS"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2025"
identifier: "SB 115"
citation: "New Mexico SB 115 (2025)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC"]
status: "enacted"
primary_sponsors: ["Garratt, Joy", "Lundstrom, Patricia A.", "Padilla, Michael"]
version_count: 4
action_count: 10
vote_count: 2
first_action: "2025-01-23"
last_action: "2025-04-08"
source: "openstates"
source_identifier: "ocd-bill/ab262b61-0a28-493a-a2b8-1054cc50fe66"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=115&year=25"
source_hash: "7d836d09db872186e3a8e490ade8173f787c1de2beb2bc5da01d8ed4f331a739"
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 115 (2025) — PUBLIC PROJECT REVOLVING FUND PROJECTS

## 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/25%20Regular/Amendments_In_Context/SB0115.pdf)
2. **FC substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115FCS.HTML)
3. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/final/SB0115.PDF)
4. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0115.HTML)

## Votes

- senate passage — **34–3** (pass) · upper
- house passage — **65–0** (pass) · lower

## Sponsors

- Garratt, Joy — primary (person)
- Lundstrom, Patricia A. — primary (person)
- Padilla, Michael — primary (person)

## Timeline

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

- **2025-02-12** DO PASS committee report adopted `committee-passage-favorable`
- **2025-01-23** Sent to Senate Conservation Committee & Senate Finance Committee `introduction, referral-committee`
- **2025-02-24** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2025-03-07** DO PASS committee report adopted `committee-passage-favorable`
- **2025-03-15** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2025-03-19** passed House `passage`
- **2025-02-28** Sent to House Transportation, Public Works & Capital Improvements Committee & House Appropriations & Finance Committee `introduction, referral-committee`
- **2025-02-27** passed Senate `passage`
- **2025-04-08** Signed `executive-signature`
- **2025-03-20** Senate concurred in House amendments

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ab262b61-0a28-493a-a2b8-1054cc50fe66`. Confidence: reported (aggregated from official New Mexico legislature records).