A bond package containing three separate bond issues was signed by New Mexico Governor Michelle Lujan Grisham (D) and certified for the ballot on March 11, 2020. The bond package was introduced on January 29, 2020, as Senate Bill 207. To put a bond question before voters, a simple majority is required in both the New Mexico State Senate and the New Mexico House of Representatives. A simple majority vote of the statewide electorate is required to approve it. On February 18, 2020, the New Mexico Senate approved the measures 41-0 with one member excused from voting. On February 20, 2020, the New Mexico House of Representatives approved SB 207 in a vote of 66-0 with four members excused.
The bond package will appear as three separate bond questions on November ballots. The New Mexico Senior Citizens Facilities Bond Issue authorizes the sale and issuance of $33 million in bonds for senior citizen facilities improvements. The New Mexico Public Libraries Bond Issue authorizes the sale and issuance of $9.5 million in bonds for public library improvements. The New Mexico Public Education Bond Issue authorizes the sale and issuance of $156.3 million in bonds for public higher education institutions, special public schools, and native tribal schools.
Including the bond questions, there are five legislatively referred measures appearing on New Mexico ballots in November. The other two measures are constitutional amendments. The New Mexico Elections and Terms of Non-Statewide Officeholders Amendment would allow the state legislature to pass laws adjusting the election dates of state or county officeholders and adjust office terms according to those date changes. The New Mexico Appointed Public Regulation Commission Amendment would change the Public Regulation Commission (PRC) from an elected five-member commission to an appointed three-member commission.
New Mexico voters have cast ballots on 25 bond issues, totaling $1.2 billion in value, between January 1, 2006, and January 1, 2020. All but one bond issue question—a $155.57 million bond for higher education—was approved. Between 1995 and 2018, voters approved 85.5 percent of the constitutional amendments on the ballot in the state.