The bill amends the Lobbyist Regulation Act in New Mexico by introducing new definitions and expanding the requirements for expenditure reporting by lobbyists. Key definitions added include "beneficial client," "beneficiary," "contractual client," and "payee," which clarify the roles and relationships involved in lobbying activities. Additionally, the bill revises the definition of "expenditure" to specify what is included and excluded, and it introduces a more detailed reporting structure for lobbyists regarding their expenditures and political contributions.

Furthermore, the bill mandates that lobbyists file expenditure reports electronically, detailing individual expenditures of $50 or more, including the date, payee, beneficiary, and purpose of the expenditure. It also requires lobbyists to report political contributions and the identities of other contributors if applicable. The reporting deadlines are specified, and provisions are made for lobbyists who do not incur expenditures during a reporting period. Overall, the bill aims to enhance transparency and accountability in lobbying activities within the state.

Statutes affected:
introduced version: 2-11-2, 2-11-6