New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 93 - OPPORTUNITY ENTERPRISE ACT ENTERPRISE ASSISTANCE
Part 1 - GENERAL PROVISIONS
Section 2.93.1.10 - ENTERPRISE DEVELOPMENT PROJECTS AND ELIGIBLE COSTS
Universal Citation: 2 NM Admin Code 2.93.1.10
Current through Register Vol. 35, No. 18, September 24, 2024
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.
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