The proposed bill mandates that Class A counties and municipalities in New Mexico with populations exceeding thirty thousand must publish quarterly reports detailing residential land use and building permit applications. Starting July 1, 2026, these jurisdictions are required to provide comprehensive data on the number of applications received, approved, and denied, along with the status of each application. The reports must include specific metrics such as the number of business days taken for applications to be deemed complete and the total number of residential building permits issued, as well as a narrative section for additional comments.

Additionally, the bill defines "residential land use application" to encompass various planning documents for residential projects with more than three units. The reports are to be submitted to the economic development department and the legislative finance committee, ensuring transparency and accountability in housing development processes within these larger municipalities and counties.