---
type: "Bill"
title: "STATE FAIRGROUNDS DISTRICT BONDS"
description: "STATE FAIRGROUNDS DISTRICT BONDS"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2026"
identifier: "SB 48"
citation: "New Mexico SB 48 (2026)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC", "TAXATION", "GROSS RECEIPTS & COMPENSATING"]
status: "enacted"
primary_sponsors: ["Anyanonu, Janelle", "Stewart, Mimi"]
version_count: 2
action_count: 10
vote_count: 2
first_action: "2026-01-21"
last_action: "2026-03-06"
source: "openstates"
source_identifier: "ocd-bill/4cea8783-0c4d-474c-ab3d-806f45aca7dc"
source_url: "https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=48&year=26"
source_hash: "dbcd4cabfd26e381af41302bfd80af1d958130fbc0eac3f48ab102703d81a88b"
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 (2026) — STATE FAIRGROUNDS DISTRICT 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/SB0048.PDF)
2. **introduced version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0048.HTML)

## Votes

- senate passage — **26–12** (pass) · upper
- house passage — **42–6** (pass) · lower

## Sponsors

- Anyanonu, Janelle — primary (person)
- Stewart, Mimi — primary (person)

## Timeline

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

- **2026-02-19** passed House `passage`
- **2026-01-21** Sent to Senate Committees' Committee & Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2026-01-22** germane
- **2026-01-28** DO PASS committee report adopted `committee-passage-favorable`
- **2026-02-06** passed Senate `passage`
- **2026-02-14** DO PASS committee report adopted `committee-passage-favorable`
- **2026-03-06** Signed `executive-signature`
- **2026-02-09** Sent to House Commerce & Economic Development Committee & House Taxation & Revenue Committee `introduction, referral-committee`
- **2026-02-02** DO PASS committee report adopted `committee-passage-favorable`
- **2026-02-12** DO PASS 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/4cea8783-0c4d-474c-ab3d-806f45aca7dc`. Confidence: reported (aggregated from official New Mexico legislature records).