summary
Introduced
01/18/2017
01/18/2017
In Committee
01/20/2017
01/20/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
A MEMORIAL REQUESTING THE LEGISLATIVE FINANCE COMMITTEE TO UNDERTAKE A STUDY OF WAYS IN WHICH THE RESOURCES OF THE NEW MEXICO FINANCE AUTHORITY MIGHT BE MADE MORE ACCESSIBLE TO PERSONS AND BUSINESSES IN NEW MEXICO, INCLUDING THE OPTION OF FORMING A STATE-OWNED BANK. .
AI Summary
This Memorial requests that the Legislative Finance Committee, a state legislative body responsible for overseeing state finances, conduct a study on how to make the resources of the New Mexico Finance Authority (NMFA), a state agency that provides financial assistance and services, more accessible to individuals and businesses in New Mexico. The study is specifically asked to explore the feasibility of establishing a state-owned bank, similar to models in other states like North Dakota, which could help stabilize the economy, improve access to credit for local businesses, support economic development, and potentially generate revenue for the state. The committee is required to report its findings to relevant legislative committees by October 1, 2017.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
[LD 12] Tabled temporarily by motion and then to H (on 01/28/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=M&legno=7&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/memorials/house/HM007.pdf |
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