The bill amends the duties of the Construction Industries Division of the Regulation and Licensing Department in New Mexico, specifically focusing on the approval and adoption of building codes and minimum standards. A significant insertion in the bill mandates that all building codes must meet the minimum standards set forth in the most recent revision of the International Building Code within twenty-four months of its promulgation by the International Code Council. This requirement is subject to exceptions as recommended by specific trade bureaus, ensuring that the public welfare is protected and uniformity in building standards is promoted.

Additionally, the bill outlines various responsibilities of the division, including the issuance of contractor licenses, the resolution of jurisdictional conflicts, and the maintenance of records related to licenses and penalties. The effective date for the provisions of this act is set for July 1, 2025. Overall, the bill aims to enhance the regulatory framework governing construction practices in New Mexico, ensuring compliance with updated building codes and improving the licensing process within the construction industry.