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AN ACT
RELATING TO FINANCE; AUTHORIZING THE NEW MEXICO FINANCE
AUTHORITY TO MAKE LOANS 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 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, from the
economic development revolving fund to eligible entities for
the following standard projects, subject to detailed analysis,
final approval and specific terms and conditions established
by the authority:
1. a plant-based biofuel processor and distributor
in Bernalillo county;
2. a sanitation service project in Bernalillo
county;
3. a biomass and renewable energy project in
Chaves or Eddy county;
4. an agricultural processing project in Curry
county;
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5. a biomass project in Dona Ana county;
6. an apparel manufacturing project in Dona Ana
county;
7. an electronic manufacturing project in Dona Ana
county;
8. a downtown revitalization project in Grant
county;
9. a distribution warehouse facility in Lea
county;
10. a value-added agriculture project in Lea
county;
11. a wind farm construction company in Lea
county;
12. a value-added agriculture manufacturing
project in Luna county;
13. a gasification project in McKinley county;
14. a hospitality and tourism facility that
involves value-added agriculture in Otero county;
15. an alternative energy production project in
Otero county;
16. a particle accelerator systems manufacturing
facility in Rio Arriba county;
17. a downtown revitalization project in Roosevelt
county;
18. an energy production facility in Roosevelt
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county;
19. a renewable energy project in Roosevelt,
Chaves and Dona Ana counties;
20. a specialty chemical company in San Juan
county;
21. an aircraft components maintenance and repair
services provider in Sandoval county;
22. a recreational manufacturing and sales
facility in Santa Fe county;
23. a subsea enclosure manufacturer in Santa Fe
county;
24. a value-added agriculture manufacturing
project in Santa Fe county;
25. a transportation manufacturing project in
Union county;
26. a value-added agriculture project in Sandoval,
Cibola and Bernalillo counties;
27. a wood products manufacturer in San Miguel
county;
28. a value-added agriculture project in DeBaca
county;
29. a solar salt project in Eddy county;
30. a recycling and manufacturing project in
McKinley county;
31. a wood products manufacturer in Santa Fe
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county;
32. a downtown revitalization project in Grant
county;
33. a downtown revitalization project in Quay
county;
34. a metal fabrication manufacturing facility in
San Juan county;
35. an optics production manufacturing facility in
Santa Fe county;
36. a food processing facility and an organic
wholesale distribution facility in Curry county;
37. expansion of a food services facility in
Bernalillo county;
38. a wood manufacturing project in Cibola county;
39. a downtown revitalization project in Taos
county;
40. a biofuel manufacturing facility in Roosevelt
county;
41. an alternative energy project in Curry county;
42. a biomass project in Torrance county;
43. a solar photovoltaic project in Bernalillo,
Sandoval or San Juan county;
44. a distribution warehousing project in Dona Ana
county;
45. a recreation and entertainment project in
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Grant county;
46. a biodiesel and agricultural processing
facility in Hidalgo county;
47. a medical complex in Grant county; and
48. a film and media project in Sandoval county.
Section 2. EMERGENCY.--It is necessary for the public
peace, health and safety that this act take effect
immediately.
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