N.M. Admin. Code § 2.93.1.10

Current through Register Vol. 35, No. 17, September 10, 2024

Section 2.93.1.10 - ENTERPRISE DEVELOPMENT PROJECTS AND ELIGIBLE COSTS

A. The board may recommend to the authority that enterprise assistance from the fund should be made available for enterprise development projects as provided by Section 6-34-6, NMSA 1978.

B. Enterprise assistance from the fund shall be made only for eligible items, a determined by the authority, which includes:

(1) opportunity enterprise financing;

(2) opportunity enterprise loans;

(3) acquiring title or other interest in an enterprise development project;

(4) paying the reasonably necessary administrative costs, payments in lieu of taxes and other costs and fees incurred by the authority in carrying out the provisions of the act.

N.M. Admin. Code § 2.93.1.10

Adopted by New Mexico Register, Volume XXXIV, Issue 08, April 25, 2023, eff. 4/25/2023