It will take a lot of readings to fully digest that one. Gee I hope New Mexico is too lazy to read it an imitate it.
Mostly it looks ok, regular stuff that's ok, like have a light on the bike at night you dummy, sort of stuff. One nice thing I saw, was that they ( local govt)couldn't ban ebikes from bike paths that are near heavily traveled streets. Looks like sidewalk parking is ok, but I didn't catch whether riding was. One thing, if local signs go up saying no motor vehicles, an ebike is not a motor vehicle. If the signs say motorized vehicle, oh well, but you could lobby for them to come down if the path is near a busy street.
One bogus thing you need to fight is how you make a left turn. You have to cross the street, then turn right and cross the street, as if you were a pedestrian. WTF! First you get two chances to get right crossed by a car, instead of one chance to get left crossed. Not safer in my opinion at all. But more importantly, even though they want you to register the thing, they don't give you full road rights. That plain sucks, and I bet the biker lobby in the state is going crazy on that provision. You should have FULL road rights, just like we do here in NM.
The registering thing is gonna be a real problem with anybody who builds an ebike too. They better let you stamp your own numbers on the frame, but again, it sucks because in my case, I often move a motor kit from bike to bike, experimenting. I never undersood the whole registering a bike thing, what? Is it a gun? Is it a dog? If it gets stolen and I can't identify it that's my problem right? As if the govt has plenty o money to deal with this stuff anyway. I garantee these ideas are not coming from law enforcement, or the local dmv office. Like they need more to do! Ideas from insurance companies and liability lawyers for sure.
Hopefully , most cops will be like, "When do I have time to care about any of this crap anyway". But still, you don't want bogus laws on the books that allow deputy jackass to ride bike riders with a heavy hand.
I didn't notice anything about speed limits for ebikes, or on bike paths

, mabye I just missed it.