Secretary of State Maggie Toulouse Oliver announced details for two administrative rules that will strengthen financial disclosure and campaign finance procedures for candidates and officeholders in New Mexico.
“Administrative rules like these continue my Office’s commitment to providing the public with transparency about the money that flows into and influences our elections and our elected officials,” Secretary Toulouse Oliver said. “These rules are designed to help filers meet their disclosure obligations and to also bring useful disclosure to the public as the 2022 election season is upon us.”
The Secretary of State has adopted a new administrative rule, codified as 1.10.31 NMAC, to establish uniformity in the filing and enforcement of the Financial Disclosure Act. This rule became effective on January 1, 2022.
This rulemaking authority was granted to the Secretary of State with the passage of House Bill 244 during the 2021 Regular Legislative Session. The new rule will aid officeholders and others required to disclose financial and business interests in complying with state requirements. Financial Disclosure Statements are due January 31.
The public hearing will be held on February 8, from 9 to pm, at the PERA Building located at 33 Plaza La Prensa in Santa Fe. Copies of the proposed rule and complete notice of rulemaking are available for download HERE.
Copies of the rule may also be requested by contacting the Bureau of Elections by calling (505) 827-3600 or emailing kari.fresquez@state.nm.us. The proposed rule is also available on the New Mexico Sunshine Portal. Interested individuals can send comments at the public hearing.
All written comments can be sent prior to the hearing to Kari Fresquez, Director of Legislative and Executive Affairs, via email at kari.fresquez@state.nm.us, fax (505) 827-8403, or by regular mail at Attn: Kari Fresquez – proposed rule, The Office of the New Mexico Secretary of State, 325 Don Gaspar, Suite 300, Santa Fe, NM 87501. The deadline to receive written comments is February 7, by 5 pm.