A. The authority may: (1) make, and undertake commitments to make, lender loans and project loans under terms and conditions requiring the proceeds thereof to be used to finance an industrial, commercial or agricultural project or facility. Project loan commitments and project loans shall be originated through and serviced by a lender; and (2) invest […]
A. The authority may combine for the purposes of a single offering of bonds more than one project. B. The authority shall inform a sponsor of a project or facility in appropriate cases of available federal programs to guarantee or otherwise assist in financing certain types of activities and shall assist sponsors in such cases […]
A. Subject to prior review by an interim committee designated by the New Mexico legislative council, the board shall adopt and may from time to time modify or repeal rules and regulations: (1) for determining criteria for the classification and setting of priorities of commercial or agricultural industries in need of development, improvement or rehabilitation, […]
The authority may not issue bonds until the board has determined that: A. the funds available in the private banking system in the state for project loans are inadequate to meet the demand; and B. the issuance of the bonds will alleviate such inadequacy. History: Laws 1983, ch. 300, § 9.
