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        <name>Silver City Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds, School Building Series 2017</name>
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        <name>Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, School Building Series 2018</name>
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        <name>Saltillo Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2018</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <name>Santa Fe, New Mexico, Net Wastewater Utility System Environmental Services Gross Receipts Tax Improvement Revenue Bonds, Climate Certified Green Serie</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <name>Silver Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds,  School Building Series 2019</name>
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        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2020B</name>
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        <name>Los Ranchos de Albuquerque, New Mexico, Educational Facilities Revenue Bonds, Albuquerque Acadamy Project, Refunding Series 2020</name>
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        <name>Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A</name>
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        <name>Winrock Town Center Tax Increment Development District 1, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Subordinate Lien Series 2020</name>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B</name>
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        <name>Aspire Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2024</name>
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          <isin value="US04538GAC15"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Guam Power Authority, Revenue Bonds, Refunding Series 2024A</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam Power Authority, Revenue Bonds, Refunding Series 2024A</title>
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          <isin value="US400653KW02"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Diamantes Public Improvement District, New Mexico, Revenue Bonds, Rio Rancho Special Levy Improvement Series 2024</name>
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        <cusip>545452AM6</cusip>
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          <isin value="US545452AM68"/>
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      <invstOrSec>
        <name>Volterra Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2024</name>
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        <title>Volterra Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2024</title>
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          <isin value="US92871AAQ31"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2</name>
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        <cusip>19648FXH2</cusip>
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          <isin value="US19648FXH27"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2025A-1</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2025A-1</title>
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          <isin value="US64711PRP70"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rio Rancho, New Mexico, Gross Receipts Tax Revenue Bonds, Shared Gross Receipts Improvement Series 2025</name>
        <lei>N/A</lei>
        <title>Rio Rancho, New Mexico, Gross Receipts Tax Revenue Bonds, Shared Gross Receipts Improvement Series 2025</title>
        <cusip>767169FN0</cusip>
        <identifiers>
          <isin value="US767169FN09"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>542569.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rio Rancho, New Mexico, Gross Receipts Tax Revenue Bonds, Shared Gross Receipts Improvement Series 2025</name>
        <lei>N/A</lei>
        <title>Rio Rancho, New Mexico, Gross Receipts Tax Revenue Bonds, Shared Gross Receipts Improvement Series 2025</title>
        <cusip>767169FP5</cusip>
        <identifiers>
          <isin value="US767169FP56"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>538064.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, School Series 2025A</name>
        <lei>N/A</lei>
        <title>Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, School Series 2025A</title>
        <cusip>013595A45</cusip>
        <identifiers>
          <isin value="US013595A456"/>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Albuquerque, New Mexico, General Obligation Bonds, Storm Sewer Series 2025B</name>
        <lei>549300MV7H0GASZUCG39</lei>
        <title>Albuquerque, New Mexico, General Obligation Bonds, Storm Sewer Series 2025B</title>
        <cusip>013519CY7</cusip>
        <identifiers>
          <isin value="US013519CY70"/>
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        <balance>250000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Mexico State, General Obligation Bonds, Capital Projects Series 2025</name>
        <lei>549300H4YLM23QKOGK29</lei>
        <title>New Mexico State, General Obligation Bonds, Capital Projects Series 2025</title>
        <cusip>647293TK5</cusip>
        <identifiers>
          <isin value="US647293TK58"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Government of Guam, Business Privilege Tax Bonds, Refunding Series 2025G</name>
        <lei>N/A</lei>
        <title>Government of Guam, Business Privilege Tax Bonds, Refunding Series 2025G</title>
        <cusip>40065NDG9</cusip>
        <identifiers>
          <isin value="US40065NDG97"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
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      <invstOrSec>
        <name>Tierra Del Oro Public Improvement District, Rio Rancho, New Mexico, Special Levy Improvement Revenue Bonds, Series 2025</name>
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        <title>Tierra Del Oro Public Improvement District, Rio Rancho, New Mexico, Special Levy Improvement Revenue Bonds, Series 2025</title>
        <cusip>886517AA9</cusip>
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          <isin value="US886517AA97"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2025C</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2025C</title>
        <cusip>64711PTU4</cusip>
        <identifiers>
          <isin value="US64711PTU48"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fiesta Public Improvement District, Los Lunas, New Mexico, Special Levy Revenue Bonds, Improvement Area 1, Series 2025</name>
        <lei>N/A</lei>
        <title>Fiesta Public Improvement District, Los Lunas, New Mexico, Special Levy Revenue Bonds, Improvement Area 1, Series 2025</title>
        <cusip>31659QAL5</cusip>
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          <isin value="US31659QAL59"/>
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        <balance>500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2026A</name>
        <lei>N/A</lei>
        <title>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2026A</title>
        <cusip>64720ABE1</cusip>
        <identifiers>
          <isin value="US64720ABE10"/>
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        <balance>750000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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      <invstOrSec>
        <name>Silver Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds,  School Building Series 2026</name>
        <lei>N/A</lei>
        <title>Silver Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds,  School Building Series 2026</title>
        <cusip>827513JN3</cusip>
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          <isin value="US827513JN34"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>556348.00000000</valUSD>
        <pctVal>0.777756044053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, Mountain View II &amp; III Apartments Project, Series 2023</name>
        <lei>N/A</lei>
        <title>New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, Mountain View II &amp; III Apartments Project, Series 2023</title>
        <cusip>64719HET3</cusip>
        <identifiers>
          <isin value="US64719HET32"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000473.20000000</valUSD>
        <pctVal>1.398628337324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Los Alamos County Incorporated, New Mexico, Gross Receipts Tax Improvement Revenue Bonds, Series 2026</name>
        <lei>N/A</lei>
        <title>Los Alamos County Incorporated, New Mexico, Gross Receipts Tax Improvement Revenue Bonds, Series 2026</title>
        <cusip>54423TCL4</cusip>
        <identifiers>
          <isin value="US54423TCL44"/>
        </identifiers>
        <balance>2700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2853309.24000000</valUSD>
        <pctVal>3.988831643079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Multistate Trust I</ncom:nameOfApplicant>
      <ncom:signature>Gina Spunder</ncom:signature>
      <ncom:signerName>Gina Spunder</ncom:signerName>
      <ncom:title>Director, Fund Financial Reporting</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
