SANTA FE (AP) – A new law that overhauls New Mexico’s online clearinghouse for information on political contributions and lobbying expenditures has been signed by Gov. Susana Martinez.
The Republican governor signed legislation Monday designed to standardize electronic reporting so that filings by candidates, lobbyists and political committees can be searched, cross-referenced or downloaded for analysis. Martinez said the public will find it easier to access campaign finance information.
The law also will require lobbyists to file regular reports, as candidates already do. Funding has not yet been assigned to pay for the new system.
The Office of the Secretary of State eventually would spend as much as $985,000 to set up the database, depending on bids from vendors and available funds.
Registration fees from lobbyists would be reinvested in maintaining the clearinghouse.