New Mexico House Bill 290 Introduced to Create a State-Owned Development Bank

New Mexico House Bill 290 Introduced to Create a State-Owned Development Bank • February 16, 2011

Sponsor: Representative Egolf

BILL NUMBER: HB 290

TITLE OF BILL: Small Business Development Bank Act

SYNOPSIS: House Bill 290 would create the small business development bank, a state owned, controlled and operated business development bank. The bank would provide capital to the residents and small businesses of the state and would be managed by a board composed of seven members: 3 members appointed by the governor, 3 members appointed by the legislative council, and the chair appointed by majority vote of the governor, attorney general, commissioner of public lands, speaker of the house and president pro tempore.

Legislative Detail: HB 290
Bill Text: HB 290
Fiscal Impact Report: HB 290

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One Response

  1. THE NATIONAL ASSOCIATION OF STATE TREASURERS is online at http://www.nast.org ACTIVISTS CAN ACCESS EMAIL CONTACT INFO FOR THEIR OWN STATE.

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