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NM HB31

NM HB31
Affordable housing act violations & penalties


summary

Introduced
01/21/2014
In Committee
02/04/2014
Crossed Over
02/03/2014
Passed
Dead
01/21/2014

Introduced Session

2014 Regular Session

Bill Summary

Affordable housing act violations & penalties

AI Summary

This bill amends the Affordable Housing Act to grant the Attorney General new powers to investigate and penalize violations of the act, defining "person" broadly to include individuals and entities. The Attorney General can issue civil investigative demands for documents and recordings related to potential violations before filing a lawsuit, and these demands are not public record unless ordered by a court. If a violation is suspected and it's in the public interest, the Attorney General can file a civil action seeking penalties of up to $5,000 per violation, or pursue criminal charges. The bill also updates provisions related to ensuring the successful completion of affordable housing projects, including rules for the sale of projects after foreclosure or when a grantee defaults, ensuring proceeds benefit affordable housing purposes and removing long-term affordability restrictions under specific circumstances.

Committee Categories

Government Affairs, Justice

Sponsors (2)

Last Action

[LD 19] Action postponed indefinitely (on 02/14/2014)

bill text


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