Committee expands and approves list of projects for New Mexico Finance Authority public project revolving loan fund
February 22, 2025 | Finance, Senate, Committees, Legislative, New Mexico
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
Markita Russell of NMFA explained the amendment added projects that came forward after the initial application cut‑off in mid‑October, increasing the total number of authorized projects. Committee members adopted the amendment without objection and then moved the bill forward; the committee recorded a do‑pass recommendation by roll call and the clerk announced a 7–0 do‑pass result.
What’s next: with the committee’s recommendation the bill will be printed and sent to the floor. If passed by the Legislature, the authorized projects may proceed with borrowing under NMFA’s PPRF program subject to NMFA processes and available financing.
View full meeting
This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.
View full meetingSponsors
Proudly supported by sponsors who keep New Mexico articles free in 2025
