---
type: "Bill"
title: "COMMUNITY BENEFIT FUND"
description: "COMMUNITY BENEFIT FUND"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2025"
identifier: "SB 48"
citation: "New Mexico SB 48 (2025)"
classification: ["bill"]
subjects: ["ENVIRONMENT", "FINANCE", "PUBLIC"]
status: "enacted"
primary_sponsors: ["Stewart, Mimi", "Szczepanski, Reena"]
version_count: 3
action_count: 9
vote_count: 2
first_action: "2025-01-22"
last_action: "2025-04-11"
source: "openstates"
source_identifier: "ocd-bill/d65106ed-cc08-4eaf-99d6-b93a7bc2f77d"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=48&year=25"
source_hash: "603cb7d8b1126c54e18ac4bdc459d111b2945f34ddc97634b3551101cf6c3c73"
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 48 (2025) — COMMUNITY BENEFIT FUND

## 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/SB0048.pdf)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/final/SB0048.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0048.HTML)

## Votes

- senate passage — **23–15** (pass) · upper
- house passage — **39–26** (pass) · lower

## Sponsors

- Stewart, Mimi — primary (person)
- Szczepanski, Reena — primary (person)

## Timeline

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

- **2025-01-22** Sent to Senate Conservation Committee & Senate Finance Committee `introduction, referral-committee`
- **2025-02-10** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2025-02-20** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2025-02-25** passed Senate `passage`
- **2025-02-26** Sent to House Energy, Environment and Natural Resources Committee & House Appropriations & Finance Committee `introduction, referral-committee`
- **2025-03-08** DO PASS committee report adopted `committee-passage-favorable`
- **2025-03-19** DO PASS committee report adopted `committee-passage-favorable`
- **2025-03-19** passed House `passage`
- **2025-04-11** Signed `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d65106ed-cc08-4eaf-99d6-b93a7bc2f77d`. Confidence: reported (aggregated from official New Mexico legislature records).