The bill establishes the "Towing Services Oversight and Advisory Board" within the New Mexico Department of Transportation, aimed at providing oversight, recommendations, and regulatory guidance for licensed towing services. The board will consist of twelve members, including six primary and six alternate members, with representation from each of the six state transportation commission districts. The board's duties include reviewing policies related to towing services, proposing service standard improvements, evaluating citizen complaints, facilitating mediation for disputes, conducting audits, and engaging with stakeholders to promote transparency and public awareness.

Members of the board will be selected by the Department of Transportation, with appointments to be made by January 1, 2026, and terms lasting three years. The initial terms will be staggered, with some members serving two years and others three. The board is required to meet quarterly, and public members will receive per diem and mileage compensation. The Department of Transportation is responsible for providing necessary support for the board's operations. The provisions of this act will take effect on July 1, 2025.