This bill establishes a program within the New Mexico Department of Transportation to award advance purchase commitments for low-emissions cement, concrete, asphalt binder, or asphalt mixtures, with the aim of promoting innovation, reducing emissions, and creating market demand for these materials. By January 1, 2026, the department is required to implement this program, which will allow private entities to submit requests for advance purchase commitments. To qualify, these entities must provide detailed information about the materials, including environmental product declarations or life cycle assessments, and the department must confirm that the products meet specific greenhouse gas emissions thresholds and technical specifications.

The bill outlines the criteria for prioritizing awards, focusing on factors such as the reduction of greenhouse gas emissions during production, the suitability of the materials for their intended use, and the potential to enhance the availability of low-emissions products in New Mexico. Additionally, it allows for contracts or materials purchased under this program to be assigned to local transportation authorities at the discretion of the secretary of transportation. The provisions of this act are set to take effect on July 1, 2025.