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---
type: "Bill"
title: "PUBLIC FINANCE ACCOUNTABILITY ACT"
description: "PUBLIC FINANCE ACCOUNTABILITY ACT"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2025"
identifier: "HB 493"
citation: "New Mexico HB 493 (2025)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC"]
status: "enacted"
primary_sponsors: ["Borrego, Cynthia"]
version_count: 4
action_count: 9
vote_count: 2
first_action: "2025-02-20"
last_action: "2025-04-11"
source: "openstates"
source_identifier: "ocd-bill/cde4acf1-7423-4d7f-ad0f-681fef5aa3fb"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=493&year=25"
source_hash: "27e513ee0f4e95fc76966713554cdacc127d0e93b2a8dae5ca290050ed683259"
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 493 (2025) — PUBLIC FINANCE ACCOUNTABILITY ACT
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **AF substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0493AFS.HTML)
2. **Amendments in Context** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/Amendments_In_Context/HB0493.pdf)
3. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/final/HB0493.PDF)
4. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0493.HTML)
## Votes
- house passage — **5113** (pass) · lower
- senate passage — **400** (pass) · upper
## Sponsors
- Borrego, Cynthia — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2025-02-20** Sent to House Government, Elections and Indian Affairs Committee & House Appropriations & Finance Committee `introduction, referral-committee`
- **2025-03-15** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2025-03-03** DO PASS committee report adopted `committee-passage-favorable`
- **2025-04-11** Signed `executive-signature`
- **2025-03-22** House concurred in Senate amendments
- **2025-03-21** Sent to Senate Tax, Business and Transportation Committee `introduction, referral-committee`
- **2025-03-21** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2025-03-22** passed Senate `passage`
- **2025-03-20** passed House `passage`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cde4acf1-7423-4d7f-ad0f-681fef5aa3fb`. Confidence: reported (aggregated from official New Mexico legislature records).