The bill amends Section 60-13-9 of the New Mexico Statutes to update the duties of the Construction Industries Division within the Regulation and Licensing Department. A significant insertion specifies 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, unless otherwise recommended by specific trade bureaus. This aims to ensure that building codes are current and aligned with national standards, thereby promoting public welfare and uniformity in construction practices.

Additionally, the bill outlines various responsibilities of the division, including the approval and adoption of examinations for contractor licenses, the issuance of licenses and certificates, and the resolution of jurisdictional conflicts. It also mandates the division to maintain comprehensive records of all licenses and penalties, submit annual reports, and publish a list of licensed contractors. The provisions of this act are set to take effect on July 1, 2025.