Bill > HB7

This bill, the Opportunity Enterprise Act, authorizes the New Mexico Finance Authority to provide financing, loans, and leases to "Opportunity Enterprise Partners" to create or expand economic development opportunities within the state. It establishes the Opportunity Enterprise Revolving Fund to finance these efforts, and creates the Opportunity Enterprise Review Board to oversee the program and make recommendations. The bill also requires the Finance Authority to report annually on the program's activities and impact. Key terms include "Opportunity Enterprise Partner" (a private business entity engaged in economic development projects) and "enterprise assistance" (financing, loans, or leases provided to these partners).

Budget and Finance, Business and Industry, Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=7&year=22