---
type: "Bill"
title: "ZERO-INTEREST NATURAL DISASTER LOANS"
description: "ZERO-INTEREST NATURAL DISASTER LOANS"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2025"
identifier: "SB 31"
citation: "New Mexico SB 31 (2025)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC", "LOCAL GOVERNMENT"]
status: "enacted"
primary_sponsors: ["Campos, Pete", "Gonzales, Anita", "Sanchez, Joseph", "Vincent, Harlan"]
version_count: 3
action_count: 10
vote_count: 2
first_action: "2025-01-31"
last_action: "2025-04-11"
source: "openstates"
source_identifier: "ocd-bill/ea3530c9-482c-4bb7-81eb-eff4aeefcd22"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=31&year=25"
source_hash: "18776e54f16690484dc1474e8492e835a6015beb4c07b976dc7bd0c376a4db62"
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 31 (2025) — ZERO-INTEREST NATURAL DISASTER LOANS

## 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/SB0031.pdf)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/final/SB0031.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0031.HTML)

## Votes

- house passage — **65–0** (pass) · lower
- senate passage — **37–0** (pass) · upper

## Sponsors

- Campos, Pete — primary (person)
- Gonzales, Anita — primary (person)
- Sanchez, Joseph — primary (person)
- Vincent, Harlan — primary (person)

## Timeline

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

- **2025-01-31** Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2025-02-19** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2025-02-26** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2025-03-14** DO PASS committee report adopted `committee-passage-favorable`
- **2025-02-28** passed Senate `passage`
- **2025-03-01** Sent to House Government, Elections and Indian Affairs Committee & House Appropriations & Finance Committee `introduction, referral-committee`
- **2025-04-11** Signed `executive-signature`
- **2025-03-21** passed House `passage`
- **2025-03-21** Senate concurred in House amendments
- **2025-03-20** DO PASS, as amended, committee report adopted `committee-passage-favorable`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ea3530c9-482c-4bb7-81eb-eff4aeefcd22`. Confidence: reported (aggregated from official New Mexico legislature records).