The Public Land Disclosure and Accountability Act aims to enhance transparency and accountability regarding public land ownership in metropolitan areas of New Mexico. The Act mandates that public agencies conduct a biennial inventory of real property they own, starting in 2027, and submit a detailed report to the Department of Finance and Administration. This report must include information on the property's current use, acquisition date, and whether it has been vacant or underutilized for five years or longer. Additionally, the Act requires public agencies to dispose of such properties if they have no intent to use or develop them, imposing development obligations on buyers to ensure timely construction.

To support the implementation of this Act, an appropriation of $100,000 is allocated from the general fund for the fiscal year 2027 to facilitate the electronic publication of the required reports. The Department of Finance and Administration will monitor compliance with the Act and report any noncompliance to the New Mexico legislative council annually, starting in 2027. The provisions of this Act will take effect on July 1, 2026.