Candidates & Campaigns

Financial Disclosures

Financial Disclosure Statements – At A Glance

The below summary guidance is intended to help facilitate compliance with the Financial Disclosure Act. This is not intended to be an authoritative document, and NMSA 1978, Sections 10-16A-1 through 10-16A-9 should be referred to in the event of confusion.

Financial Disclosure Statements are due January 31, 2022

If you are required to file a Financial Disclosure Statement (FDS), you will do so ELECTRONICALLY in the new Campaign Finance Information System (CFIS). There are no more paper forms to file. To register as a FDS filer in the new CFIS, or to access your existing account, go to the Campaign Finance Information System.

Pease note:

  • First time filers must register as a Financial Disclosure Statement filer to setup an account with a username and password to login to the electronic filing system.
  • After completing the registration process, a user activation email will be sent via email once the SOS has received and approved your registration form. Please check your spam/junk folder if you have not received your activation email within about 24 hours of submitting your registration
  • Follow the account activation instructions in the email. Once the account is activated, you can login and file your statement.

How to Search

Financial Disclosure Statements are maintained by the SOS as public records searchable from the website and are required to be retained for five years from the date of filing.

Search Financial Disclosure Statements for 2021 and beyond

Search Financial Disclosure Statements for 2020 and prior years

Who Must File

The Financial Disclosure Act applies to the following groups of people:

1.         A person holding a legislative or statewide office

2.         A candidate for legislative or statewide office

3.         A state agency head, an official whose appointment to a board or commission is subject to confirmation by the senate, a member of the insurance nominating committee or a member of the state ethics commission.  The State Ethics Commission recently issued an advisory opinion regarding who is deemed to be a state agency head.  This opinion may be accessed here.

What to file

The Financial Disclosure Statement (“FDS”) is filed electronically in the Campaign Finance Information System (“CFIS”) and it shall include the following information:

1.      Personal information about each person covered by the disclosure statement, including their residence and employer information

2.      All sources of gross income of more than $5,000, properly categorized according to CFIS guidelines

3.      Property owned in New Mexico other than the person’s residence

4.      All other business interests in New Mexico entities of more than $10,000

5.      All memberships on the boards of for-profit New Mexico businesses held by the person and their spouse

6.      All New Mexico professional licenses held

7.      Each state agency to which the person or their spouse sold more than $5,000 of goods or services

8.      Each state agency, other than a court, before which the person represented or assisted clients during the person’s employment during the prior calendar year

Once registered, a filer will simply login and fill out each section of the form for the filing cycle and click ‘file statement’ to complete the filing process.

Filers may review statements previously filed beginning in 2021 from the filer dashboard once logged into the system.

When to file:

An FDS must be filed at the following times:

  1. Legislators and statewide officeholders are required to file an FDS every calendar year. The upcoming deadline for the regular FDS filings is January 31, 2022
  2. Candidates for legislative or statewide office are required to file an FDS when they file a declaration of candidacy

NOTE: If the candidate has previously filed an FDS in the calendar year they seek office, they don’t need to file a new one.

  1. A state agency head, an official whose appointment to a board or commission is subject to confirmation by the senate, a member of the insurance nominating committee or a member of the state ethics commission shall file with the secretary of state a financial disclosure statement within thirty days of appointment and during the month of January every year thereafter that they hold public office.
  2. An amended Financial Disclosure Statement may also be filed with SOS at any time to reflect significant changed circumstances.

Where to file

Any person required to do so shall file an FDS through the Campaign Finance Information System. If for any reason a candidate for legislative or statewide office has filed another FDS with a different filing officer before seeking statewide or legislative office, it is their responsibility to file the FDS in CFIS.

Voluntary Compliance & Enforcement

Noncompliance with FDS filing requirements has significant consequences. Candidates for office who do not comply with the Financial Disclosure Act by the filing deadlines for the office sought shall not be qualified as a candidate for that office. Agency heads, officials whose appointment to boards or commissions is subject to confirmation by the senate, members of the insurance nominating committee and members of the state ethics commission must file an FDS as a condition of their employment or appointment.

SOS will strive to obtain voluntary compliance with the Financial Disclosure Act through education and advance notice of filing deadlines. Filers notified of noncompliance have ten days to comply, or may be referred to the state ethics commission, the attorney general, or a district attorney for possible further investigation, which could result in both civil and criminal penalties.

The Office of the New Mexico Secretary of State is here to help make sure that anyone required to file an FDS can do so in a way that complies with the Financial Disclosure Act.

 

 

Should you need further assistance or have further questions or concerns, please contact the office by phone at (505) 827-3600 or by email at sos.elections@state.nm.us.

Upcoming Elections

City of Albuquerque Runoff Election: December 7, 2021

Municipal Officer Election: March 1, 2022

Primary Election: June 7, 2022

General Election: November 8, 2022

Quick Contact Information


Mailing & Physical Address
New Mexico Capitol Annex North
325 Don Gaspar, Suite 300
Santa Fe, NM 87501

Hours of Operation
8:00 AM - 5:00 PM Monday through Friday

Toll Free : 1-800-477-3632

Business Services Division
Phone 505-827-3600 (Option 1)
Fax 505-827-4387
Email Business.Services@state.nm.us

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Phone: 505-827-3600 (Option 2)
Email: Sos.elections@state.nm.us

Ethics Division
Phone: 505-827-3600 (Option 2)
Email: Sos.ethics@state.nm.us

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Phone 505-827-3600 (Option 3)