The bill amends Section 60-13-9 of the New Mexico Statutes Annotated, which outlines the duties of the Construction Industries Division of the Regulation and Licensing Department. A significant addition to the division's responsibilities is the requirement to adopt building codes that align with the most recent revision of the International Building Code within twenty-four months of its promulgation, unless otherwise recommended by specific trade bureaus. This aims to ensure that all building codes meet minimum standards for public welfare, promote uniformity, and avoid conflicting provisions.

Additionally, the bill maintains existing duties of the division, such as approving contractor licenses, resolving jurisdictional conflicts, and submitting budgets for trade bureaus. The effective date for the provisions of this act is set for July 1, 2025. Overall, the bill seeks to enhance the regulatory framework governing construction practices in New Mexico by ensuring timely updates to building codes and maintaining rigorous oversight of licensing and compliance.