N.M. Admin. Code § 2.60.27.3
Current through Register Vol. 36, No. 1, January 14, 2025
Pursuant to Section 7-27-5.1 A NMSA 1978 Subparagraph 10, the severance tax permanent fund may be invested in participation interests in New Mexico real property-related business loans if the proceeds of such loans will be or are being used by the borrower to either commence or expand operations in New Mexico. The loans purchased may be in amounts from five hundred thousand to two million dollars. The minimum loan amount may be met by the packaging of up to five separate loans which otherwise meet the requirements of the program.
N.M. Admin. Code § 2.60.27.3