This bill amends various sections of the New Mexico Statutes regarding the disposition of public property by state agencies, local public bodies, and school districts. It raises the threshold for requiring state board of finance approval for sales, trades, or leases of real property from $150,000 to $550,000, and for tangible personal property from $30,000 to $150,000. Additionally, it establishes that prior approval from the appropriate authority is not necessary for property valued under $30,000 or for property used as a trade-in or exchange under the Procurement Code. The bill also clarifies the right of first refusal for the surplus property bureau of the transportation services division when disposing of tangible personal property.

Furthermore, the bill outlines the procedures for the disposal of obsolete, worn-out, or unusable tangible personal property, including the requirement for a committee to oversee the disposition and notification to the state auditor. It specifies that if a K-9 dog is deemed safe, it should first be offered to its handler or a qualified organization before being sold. The effective date for these provisions is set for July 1, 2025.

Statutes affected:
introduced version: 13-6-1, 13-6-2, 13-6-2.1, 13-6-4
Final Version: 13-6-1, 13-6-2, 13-6-2.1, 13-6-4