The bill amends Section 30-16-8 of the New Mexico Statutes to allow for the aggregation of embezzlement incidents over a consecutive twelve-month period when determining penalties. This change means that the total value of embezzled or converted items will be considered collectively, rather than individually, which could affect the classification of the crime and the corresponding penalties.

Specifically, the bill establishes a tiered penalty system based on the total value of embezzled items within that twelve-month period. For instance, embezzlement of items valued at $250 or less will be classified as a petty misdemeanor, while values exceeding $20,000 will be classified as a second-degree felony. The bill introduces new legal language to define these classifications clearly, ensuring that the penalties reflect the cumulative value of embezzlement activities over the specified timeframe.

Statutes affected:
introduced version: 30-16-8