Ballot measure · New Mexico · November 3, 2026

Bond Question 3

Title as the state lists it: Higher Education1,2,3

Research draftReferred by the legislatureBond
How it got there
Referred by the legislature
Kind of measure
Bond
To pass
A majority of the votes on it
Researched
October 27, 2026

Research draft. We gathered this from official sources on October 27, 2026: election offices, state laws and court records, each linked to its source. Separate reviewers checked a random sample of 48 facts from the ballot-measure research against the cited sources and found no errors. The rest hasn't been reviewed fact by fact yet, so check the linked source before relying on anything here.

§1What your vote means

Drafted by AI from the public sources cited. Each sentence links to its source.

A yes vote

A yes vote would let the state issue up to $352,225,379 in general obligation bonds for capital improvements and purchases at higher education institutions, special schools and tribal schools, repaid through a statewide property tax levy.1,3 HB 248, §§ 7, 11

A no vote

A no vote would not allow these bonds to be issued, and the higher education, special school and tribal school projects listed for them in the 2026 bond act would not be paid for with this borrowing.3 § 11(C)

§2How it got on the ballot

Drafted by AI from the public sources cited. Each sentence links to its source.

Referred by the legislature. The legislature voted to put it on the ballot.1,2,3

Bond. It would authorize borrowing through the sale of bonds.1,2,3

The bond question comes from the 2026 Capital Projects General Obligation Bond Act, House Bill 248, which the governor signed as Chapter 65 of the 2026 laws.3,4

It is on New Mexico's list of statewide measures for November 3, 2026.1,2 None of the official sources we read calls the list certified or final, so we don’t either. What we couldn't confirm about the list is in the notes on New Mexico's measures.

§3What it needs to pass

Drafted by AI from the public sources cited. Each sentence links to its source.

A majority of the votes on it. Needs a majority of the votes cast on the question.2,3 HB 248, § 11(A), (C); SoS voter guide p. 38