N.M. Stat. Ann. § 9-15F-12 – Powers and duties of the state board of finance

The state board of finance shall have the following powers and duties pursuant to the Trade Ports Development Act:
A. the review and provision of final approval or disapproval of all public-private partnership agreements, pursuant to the requirements of Subsection D of Section 8 [9-15F-8 NMSA 1978] of that act;
B. approval of the disbursement of public funds from the trade ports development fund for a trade port project based on the private partner's satisfaction of project benchmarks or deliverables; and
C. promulgation of rules to carry out its duties pursuant to that act.

History: Laws 2025, ch. 86, § 12.

Effective dates. — Laws 2025, ch. 86, § 15 made Laws 2025, ch. 12, effective July 1, 2025.