---
type: "Bill"
title: "GENERAL OBLIGATION BONDS"
description: "GENERAL OBLIGATION BONDS"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2026"
identifier: "HB 248"
citation: "New Mexico HB 248 (2026)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC", "LOCAL GOVERNMENT"]
status: "enacted"
primary_sponsors: ["Lente, Derrick J."]
version_count: 3
action_count: 7
vote_count: 2
first_action: "2026-01-30"
last_action: "2026-03-10"
source: "openstates"
source_identifier: "ocd-bill/a9ed3bca-9ac5-4d2f-b84a-e5cf27062861"
source_url: "https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=248&year=26"
source_hash: "d1df43c0488220c2db835be0c433847764f936743825bd6bdd88ddf701af607d"
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 HB 248 (2026) — GENERAL OBLIGATION BONDS

## Version chain

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

1. **Final Version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/final/HB0248.PDF)
2. **TR substitute** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/bills/house/HB0248TRS.HTML)
3. **introduced version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/bills/house/HB0248.HTML)

## Votes

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

## Sponsors

- Lente, Derrick J. — primary (person)

## Timeline

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

- **2026-02-18** passed Senate `passage`
- **2026-02-15** passed House `passage`
- **2026-02-14** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2026-03-10** Signed `executive-signature`
- **2026-02-15** Sent to Senate Finance Committee `introduction, referral-committee`
- **2026-02-17** DO PASS committee report adopted `committee-passage-favorable`
- **2026-01-30** Sent to House Taxation & Revenue Committee `introduction, referral-committee`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a9ed3bca-9ac5-4d2f-b84a-e5cf27062861`. Confidence: reported (aggregated from official New Mexico legislature records).