HOUSE BILL 72

51st legislature - STATE OF NEW MEXICO - second session, 2014

INTRODUCED BY

Roberto "Bobby" J. Gonzales

AN ACT

RELATING TO MORTGAGES; ENACTING A NEW SECTION OF THE MORTGAGE FINANCE AUTHORITY ACT TO REQUIRE THE NEW MEXICO MORTGAGE FINANCE AUTHORITY TO FACILITATE SHARED RENEWABLE ENERGY FACILITIES THROUGH SPECIAL-ACCESS MORTGAGE PACKAGES.

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

     SECTION 1. A new section of the Mortgage Finance Authority Act is enacted to read:

     "[NEW MATERIAL] AUTHORITY FACILITATION OF SHARED RENEWABLE ENERGY FACILITIES--SPECIAL-ACCESS MORTGAGE PACKAGES.--The authority shall facilitate participation in shared renewable energy facilities by low-income households through the provision of special-access mortgage packages. Any person eligible for mortgage assistance from the authority shall be eligible for the special-access mortgage packages."