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§ 58-29-2 NMSA 1978

Purposes

Known as the Small Business Investment Act

The act spans §§ 58–58 (8 sections).

Laws 2000, ch. 97, § 4; 2003, ch. 399, § 5.

The purposes of the Small Business Investment Act are to:

A. implement the provisions of Subsection D of Section 14 of Article 9 of the constitution of New Mexico to create new job opportunities by providing capital for land, buildings or infrastructure for facilities to support new or expanding businesses; and

B. otherwise make debt investments and equity investments to create new job opportunities to support new or expanding businesses in a manner consistent with the constitution of New Mexico.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.