Chapter 6, Chapter 6

The authority shall not: A. deal in securities within the meaning of or subject to securities law, securities exchange law or securities dealer law of the United States or the state or of another state or jurisdiction, domestic or foreign, except as authorized in the New Mexico E…

A. If a member, officer or employee of the authority has an interest, either direct or indirect, in a contract to which the authority is or is to be a party, that interest shall be disclosed to the authority in writing and shall be set forth in the minutes of the authority. The m…

The legislature finds that: A. there is a need for appropriate facilities in this state to enhance, foster, aid, provide and promote transportation, economic development, housing, recreation, education, culture, history and sense of place and for governmental operations necessary…

The New Mexico Exposition Center Authority Act shall be deemed to provide an additional and alternative method for the doing of the things it authorizes and shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as in derogati…

There is created a joint interim legislative committee that shall be known as the "New Mexico exposition center authority oversight committee". The New Mexico legislative council shall determine the membership of the committee and shall appoint the members and designate the chair…

The New Mexico exposition center authority oversight committee shall: A. monitor and oversee the operation of the authority; B. meet on a regular basis to receive and review reports from the authority on implementation of the provisions of the New Mexico Exposition Center Authori…

If any part or application of the New Mexico Exposition Center Authority Act is held invalid, the remainder or its application to other situations shall not be affected. History: Laws 2005, ch. 342, § 23.

As used in the New Mexico Exposition Center Authority Act: A. "authority" means the New Mexico exposition center authority; B. "bond" means a bond, note, certificate of participation or other evidence of indebtedness; C. "bondholder" or "holder" means a person who is the owner of…

membership; qualifications; quorum; meetings; compensation; bond. A. There is created a public body politic and corporate, separate and apart from the state, constituting a governmental instrumentality to be known as the "New Mexico exposition center authority" for the performanc…

The authority may: A. sue and be sued; B. adopt and alter an official seal; C. make and alter bylaws for its organization and internal management and adopt, subject to the review and approval of the New Mexico exposition center authority oversight committee, rules necessary and a…

A. All tangible and intangible property, real and personal property and securities purchased, held or owned by the authority shall be purchased and held in the name of the authority, or may be mortgaged, assigned or otherwise encumbered as security for the repayment of bonds issu…

A. The authority may issue and sell bonds in principal amounts it considers necessary to provide sufficient money for the purposes of the New Mexico Exposition Center Authority Act, including: (1) purchase of securities; (2) making loans through the purchase of securities; (3) ma…

A. Bonds of the authority shall be authorized by resolution of the authority and may be issued in one or more series. The bonds shall bear the dates, be in the form, be issued in the denominations, have terms and maturities, bear interest at rates and be payable and evidenced in …

Bonds of the authority may be secured by a trust indenture between the authority and a corporate trustee that may be either a bank having trust powers or a trust company. The trust indenture may contain reasonable provisions for protecting and enforcing the rights and remedies of…

This act [6-25B-1 to 6-25B-8 NMSA 1978] may be cited as the "Strategic Economic Development Site Readiness Act". History: Laws 2025, ch. 70, § 1.

As used in the Strategic Economic Development Site Readiness Act: A. "department" means the economic development department; B. "private partner" means an individual, a foreign or domestic corporation, a general partnership, a limited liability company, a limited partnership, a j…

A. The department may enter into contracts with public partners and private partners for site characterization studies of proposed economic development sites to determine the suitability of such sites for certification as a strategic economic development site. B. The secretary sh…

created; membership. A. The "strategic economic development site advisory committee" is created. The department shall provide necessary administrative services to the committee. B. The strategic economic development site advisory committee is composed of: (1) the secretary of ene…

duties. The strategic economic development site advisory committee has the following duties: A. meet quarterly and at such other times as deemed necessary by the chair; B. review and recommend the designation of proposed strategic economic development sites; C. recommend approval…

implementation. A. The secretary shall review site characterization studies conducted pursuant to Section 3 [6-25B-3 NMSA 1978] of the Strategic Economic Development Site Readiness Act and shall determine, after consideration of the recommendations of the strategic economic devel…

A. The "site readiness fund" is created in the state treasury. The fund consists of appropriations, gifts, grants, donations, income from investment of the fund, payments of principal and interest on loans made from the fund and any other money distributed or otherwise allocated …

By October 1, 2026, and by October 1 of each year thereafter, the secretary shall provide a report to the governor, the legislative finance committee and the appropriate interim legislative committees regarding: A. the number and location of proposed economic development sites th…

This act [6-26-1 to 6-26-8 NMSA 1978] may be cited as the "Behavioral Health Capital Funding Act". History: Laws 2004, ch. 71, § 1.

The purpose of the Behavioral Health Capital Funding Act is to provide funding for capital projects to eligible entities in order to increase behavioral health care services to sick and indigent patients. History: Laws 2004, ch. 71, § 2.

As used in the Behavioral Health Capital Funding Act: A. "authority" means the New Mexico finance authority; B. "capital project" means acquisition, repair, renovation or construction of a behavioral health facility; purchase of land; or acquisition of capital equipment; C. "depa…

A. The "behavioral health capital fund" is created as a revolving fund in the authority. The fund shall consist of appropriations, loan repayments, gifts, grants, donations and interest earned on investment of the fund. Money in the fund shall not revert at the end of a fiscal ye…

The authority, in conjunction with the department, shall adopt rules to administer and implement the provisions of the Behavioral Health Capital Funding Act, including provisions: A. establishing procedures and forms for applying for loans; B. specifying the documentation require…

A. The department and the authority shall administer the loan programs established pursuant to the provisions of the Behavioral Health Capital Funding Act. The department and the authority shall: (1) enter into joint powers agreements with each other or other appropriate public a…

If an eligible entity that has received a loan or contract for services for a project ceases to maintain its nonprofit status or ceases to deliver behavioral health services at the site of the project for twelve consecutive months, the authority may pursue the remedies provided i…

The department and the authority shall report jointly to the governor and the legislature by December 1 of each year on the behavioral health capital funding program. History: Laws 2004, ch. 71, § 8.

Chapter 6, Article 27 NMSA 1978 may be cited as the "Affordable Housing Act". History: Laws 2004, ch. 104, § 1; 2015, ch. 69, § 1.

requirements; repayment. A. As used in this section: (1) "eligible builder" means a residential home builder that meets eligibility criteria for participation in the program; (2) "eligible buyer" means a person seeking to purchase residential property that meets eligibility crite…

The purpose of the Affordable Housing Act is to implement the provisions of Subsections E and F of Article 9, Section 14 of the constitution of New Mexico. History: Laws 2004, ch. 104, § 2; 2015, ch. 69, § 2.

As used in the Affordable Housing Act: A. "affordable housing" means residential housing primarily for persons or households of low or moderate income; B. "authority" means the New Mexico mortgage finance authority; C. "building" means a structure capable of being renovated or co…

qualifying grantees. A. To be eligible to receive lands, buildings and infrastructure pursuant to Article 9, Section 14 of the constitution of New Mexico, a nonindividual qualifying grantee shall: (1) have a functioning accounting system that is operated in accordance with genera…

and the authority; authorization for affordable housing. The state, including any agency or instrumentality of the state, or a county, a municipality or the authority may: A. donate, provide or pay all, or a portion, of the costs of land for the construction on the land of afford…

assistance grant from state. A. The specific grant of authority created in the Affordable Housing Act is the prior approval required pursuant to Article 9, Section 14 of the constitution of New Mexico to allow the state to provide affordable housing assistance. B. Funding pursuan…

municipality and review by the authority authorizing housing assistance grants. A. A county or municipality may provide housing assistance grants pursuant to Article 9, Section 14 of the constitution of New Mexico after enactment by its governing body of an ordinance authorizing …

housing projects; sale after foreclosure. A. State, county and municipal housing assistance grants awarded pursuant to the Affordable Housing Act shall be applied for and awarded to qualifying grantees pursuant to the rules promulgated by the authority subject to the requirements…

penalties; remedies. A. The attorney general shall investigate an alleged violation of the Affordable Housing Act reported by the authority. If the attorney general has reasonable belief that a person is in possession, custody or control of an original or copy of a document or re…

A. The legislature finds that many residents of this state living within Indian country are impoverished and are involuntarily living without electric service, indoor plumbing, adequate potable water, telecommunications or related infrastructure due to federal government policies…

The state recognizes the chapters of the Navajo Nation as local tribal entities having the capability and capacity to apply for and implement capital improvement projects. The state also recognizes as local tribal entities those nonprofit entities organized under the supervision …

Local tribal entities may be considered as vendors when they utilize their own resources to implement capital improvement projects. History: Laws 2006, ch. 105, § 3.

A. In the case of capital outlay projects located within Indian country and authorized to the Indian affairs department or other state agencies, the state may make payments directly to third-party contractors for services rendered or goods supplied regarding such projects. Upon a…

Money appropriated from the general fund to several chapters of the Navajo Nation located in New Mexico for the same or similar purposes may be pooled by those chapters to create a regional or centralized project upon review of the Indian affairs department and approval by the st…

The provisions of this act [6-28-1 to 6-28-8 NMSA 1978] also may be used to implement the provisions of the Tribal Infrastructure Act [6-29-1 to 6-29-9 NMSA 1978]. History: Laws 2006, ch. 105, § 6.

For the purposes of capital outlay projects located within Indian country and authorized to the Indian affairs department, pursuant to Subsection A of Section 14 of Article 9 of the constitution of New Mexico, persons who reside in Indian country who are not served by electric se…

The department of finance and administration or the Indian affairs department [9-21- 1 to 9-21-15 NMSA 1978] shall promulgate rules necessary to implement the provisions of this act [6-28-1 to 6-28-8 NMSA 1978]. History: Laws 2006, ch. 105, § 8.

This act [6-29-1 to 6-29-9 NMSA 1978] may be cited as the "Tribal Infrastructure Act". History: 1978 Comp., § 9-21-17, enacted by Laws 2005, ch. 146, § 1; recompiled as § 6-29-1 by Laws 2008, ch. 81, § 4.

A. The legislature finds that: (1) tribes lack basic infrastructure resulting in poor social, health and economic conditions of tribal communities; (2) adequate infrastructure such as water and wastewater systems, major water systems, electrical power lines, communications, roads…