summary
Introduced
01/20/2017
01/20/2017
In Committee
02/16/2017
02/16/2017
Crossed Over
01/26/2017
01/26/2017
Passed
02/17/2017
02/17/2017
Dead
Vetoed
02/17/2017
02/17/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO ECONOMIC DEVELOPMENT; EXPANDING THE STATEWIDE ECONOMIC DEVELOPMENT FINANCE ACT TO INCLUDE AGRICULTURAL ENTERPRISES.
AI Summary
This bill expands the Statewide Economic Development Finance Act to include agricultural enterprises, such as new or ongoing agricultural projects that add value to New Mexico agricultural products, as eligible for financing assistance from the New Mexico Finance Authority. The bill amends the definitions in the existing law to explicitly include agricultural enterprises as one of the "economic development goals" and as a type of "eligible entity" that can receive project revenue bonds, loans, loan participations, or loan guarantees from the authority. This change allows the state to provide financial support to a broader range of economic development activities, including those related to the agricultural sector.
Committee Categories
Agriculture and Natural Resources, Business and Industry, Labor and Employment, Transportation and Infrastructure
Sponsors (4)
Last Action
[LD 32] Passed Senate (38-0) Vetoed by the Governor and date. (on 02/17/2017)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=289&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/final/HB0289.pdf |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0289.pdf |
Loading...