Bill > SB358

This bill, the Healthy Food Financing Act, creates a "healthy food financing program" managed by the state's Economic Development Department. The program will provide competitive grants and loans to support projects such as new grocery store construction, grocery store renovations, farmers markets, food production, and food distribution in low-income and underserved communities. The bill establishes a "healthy food financing fund" to provide funding for these grants and loans, with an initial appropriation of $1 million from the state's general fund. The bill also defines key terms like "community development financial institution" and "socially disadvantaged group" to provide context for the program's implementation.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=358&year=23