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Legislation affecting NMFA

Bill: HB38

Sponsors: Lundstrom (D9)
Title: NMFA PUBLIC PROJECT LOANS
Summary: Authorizes the New Mexico Finance Authority to make loans from the Public Project Revolving Fund to 53 cities, counties and other public entities for hundreds of infrastructure projects.
Status: 03/09/2010 – Signed by the Governor

Bill: HB56

Sponsors: Nunez (D36)
Title: NMFA WATER FUND PROJECTS
Summary: Authorizes the New Mexico Finance Authority to make loans or grants from the Water Project Fund to the entities listed below on terms and conditions established by the Water Trust Board and the NMFA.
Status: 03/09/2010 – Signed by the Governor

Bill: HB108

Sponsors: Lujan, B. (D46)
Title: DRINKING WATER SYSTEM FINANCING
Summary: (For the New Mexico Finance Authority Oversight Committee) Appropriates $2.6 million from the Public Project Revolving Fund to the Drinking Water State Revolving Loan Fund to provide state matching funds for federal Safe Drinking Water Act projects and to carry out the purposes of the Drinking Water State Revolving Loan Fund Act.
Status: 03/09/2010 – Signed by the Governor

Bill: SB66

Sponsors: Papen (D38)
Title: NMFA PUBLIC PROJECT LOANS
Summary: Authorizes the New Mexico Finance Authority to assist in the financing of 33 economic development projects around the state (listed below). Assistance would be in the form of loan participations with private lenders. The NMFA portion of a loan could be up to 49 percent, not to exceed $5 million of the project cost.
Status: 03/09/2010 – Signed by the Governor

Bill: SB120

Sponsors: Harden (R7)
Title: NMFA SECURITIES PURCHASES
Summary: Eliminates the requirement that securities purchased by the New Mexico Finance Authority have certification from bond counsel that the securities are not subject to litigation challenging the validity or issuance of the securities.
Status: 03/08/2010 – Signed by the Governor

Bill: SB279

Sponsors: Jennings (D32)
Title: COLONIAS INFRASTRUCTURE ACT
Summary: SFC substitute for the SPAC substitute for SB279 retains the key elements of its predecessor in providing financial resources to aid colonias in infrastructure planning and development. The SFC substitute, however, disallows a state agency from being designated as a “qualifying project,” it authorizes funding for solid waste disposals; and changes the composition, method of appointment, scope of authority and duties of the Colonias Infrastructure Board.
Status: 03/02/2010 – Signed by the Governor

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