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.
Filed under: Uncategorized