SENATE BILL 221

48th legislature - STATE OF NEW MEXICO - first session, 2007

INTRODUCED BY

Mary Kay Papen

FOR THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE

AN ACT

RELATING TO FINANCE; AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO PROVIDE FINANCING ASSISTANCE FOR PRIVATE PROJECTS FROM THE ECONOMIC DEVELOPMENT REVOLVING FUND; DECLARING AN EMERGENCY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. AUTHORIZATION OF PROJECTS.--Pursuant to the provisions of Sections 6-25-6 and 6-25-13 NMSA 1978, the legislature authorizes the New Mexico finance authority to provide financing assistance from the economic development revolving fund to eligible entities in the form of loan participations with private lenders for up to forty-nine percent of total individual project financing, not to exceed five million dollars ($5,000,000) per project, for the following standard projects, subject to detailed analysis, final approval and specific terms and conditions established by the authority:

          1. a media development project in Bernalillo county;

          2. an equipment manufacturing facility in Bernalillo county;

          3. a hospitality and recreational facility in Bernalillo county;

          4. a hospitality and infrastructure project in Bernalillo county;

          5. a food product provider and retail sales project in Bernalillo county;

          6. a recreational, tourism and railroad project in Bernalillo county;

          7. an aerospace technology warehouse facility in Bernalillo county;

          8. a small business service provider in Bernalillo county;

          9. a mixed-use facility in Bernalillo county;

          10. an alternative energy manufacturing and generation facility in Bernalillo county;

          11. a research and medical testing technology project in Bernalillo county;

          12. a renewable energy project in Bernalillo county;

          13. a water purification project in Bernalillo county;

          14. a medical equipment manufacturing facility in Bernalillo county;

          15. a wood production project in Catron county;

          16. a biomass production facility in Cibola county;

          17. a biomass development project in Cibola county;

          18. a wood products manufacturing project in Cibola county;

          19. a mixed-use facility in Cibola county;

          20. a recreational and agricultural project in Colfax county;

          21. a wood products manufacturing project in Colfax county;

          22. an alternative energy project in Curry county;

          23. an agricultural processing project in Curry county;

          24. an alternative energy project in Curry county;

          25. a biomass project in Dona Ana county;

          26. a food manufacturing project in Eddy county;

          27. a food development and manufacturing facility in Eddy county;

          28. a hospitality and entertainment project in Grant county;

          29. an aerospace technology project in Grant county;

          30.  a metal manufacturing project in Harding county;

          31. an aquaculture project in Hidalgo county;

          32. a food processing project in Hidalgo county;

          33. a technology project in Lea county;

          34. a food processing project in Lincoln county;

          35. an alternative energy project in Los Alamos county;

          36. a hospitality project in Los Alamos county;

          37. a mixed-use development project in Los Alamos county;

          38. a mixed-use development project in Los Alamos county;

          39. a mixed-use development project in Los Alamos county;

          40. a medical technology project in Los Alamos county;

          41. a medical technology project in Los Alamos county;

          42. a communications technology project in Los Alamos county;

          43. a high-technology data computation project in Los Alamos county;

          44. a research and development technology project in Los Alamos county;

          45. a forestry project in Los Alamos county;

          46. an alternative energy project in Luna county;

          47. an alternative energy project in Luna county;

          48. a renewable energy project in Luna county;

          49. a low-technology environmental products manufacturing project in McKinley county;

          50. a specialty product manufacturing project in Otero county;

          51. a parts manufacturing project in Otero county;

          52. an alternative energy production project in Otero county;

          53. an alternative energy manufacturing and generation facility in Rio Arriba county;

          54. a biomass production project in Rio Arriba county;

          55. an energy production facility in Roosevelt county;

          56. a renewable energy project in San Juan county;

          57. a hospitality facility project in San Miguel county;

          58. a home decor production project in Sandoval county;

          59. a medical equipment manufacturing facility in Sandoval county;

          60. a specialty product manufacturing project in Sandoval county;

          61. an aerospace technology project in Sandoval county;

          62. an air purification project in Santa Fe county;

          63. an alternative energy manufacturing and generation facility in Santa Fe county;

          64. a medical equipment manufacturing facility in Socorro county;

          65. a specialized hospitality and recreational project in Socorro county;

          66. a personal care products manufacturing project in Taos county;

          67. a high-technology renewable energy facility in Torrance county;

          68. an educational facility project in Torrance county; and

          69. an alternative energy project in Torrance county.

     Section 2. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.

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