HOUSE BILL 298

53rd legislature - STATE OF NEW MEXICO - second session, 2018

INTRODUCED BY

Bill McCamley

 

 

 

 

 

AN ACT

RELATING TO ECONOMIC DEVELOPMENT; REQUIRING THE ECONOMIC DEVELOPMENT DEPARTMENT TO REPORT TO THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE ON THE JOB-CREATION EFFECTS OF THE STATE'S INVESTMENT IN THE NEW MEXICO CATALYST FUND, LP.

 

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

     SECTION 1. [NEW MATERIAL] FUND-OF-FUNDS INVESTMENT--REPORTING.--The economic development department shall report to the New Mexico finance authority oversight committee on the job-creation effects of the fund-of-funds investment vehicle known as the New Mexico catalyst fund, lp, in each year that money overseen by the department is invested in that fund.

.209037.1