Bill > SB143

This bill, the Public-Private Partnership Act, allows public partners (the state, its agencies, and political subdivisions) to enter into public-private partnership agreements with private partners (individuals, corporations, etc.) to facilitate the development of public projects such as public transportation facilities or infrastructure. The bill creates a Public-Private Partnership Board to oversee the approval of these agreements and a Public-Private Partnership Project Fund to provide grants and loans for project studies and financing. The bill also grants the New Mexico Finance Authority the power to issue revenue bonds and refunding bonds to support these public-private partnerships. The provisions of this act are intended to provide economic and administrative efficiencies for public projects.

Budget and Finance

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=143&year=21