This bill amends several sections of the New Mexico Statutes regarding the disposition of public property by state agencies, local public bodies, and school districts. Notably, it changes the threshold for requiring state board of finance approval for sales, trades, or leases of property. Specifically, the bill stipulates that any sale, trade, or lease of real property for more than five years or for a consideration exceeding $150,000 must receive approval from the state board of finance prior to its effective date. Additionally, it clarifies that prior approval is not necessary for property valued at less than $30,000 or for property used as a trade-in.

The bill also introduces a right of first refusal for the surplus property bureau of the transportation services division when disposing of tangible personal property. It 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. Furthermore, 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