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.
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