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§ 6-34-4 NMSA 1978

Economic development department; powers; duties

Known as the Opportunity Enterprise and Housing Development Act

The act spans §§ 6–6 (18 sections).

Laws 2022, ch. 57, § 4.

A. For the purpose of recommending enterprise development projects to the board for enterprise assistance, the department and the board shall coordinate to:

(1) survey potential opportunity enterprise partners and enterprise development projects;

(2) provide outreach services to local governments and potential opportunity enterprise partners for the purpose of making recommendations regarding enterprise assistance; and

(3) evaluate potential opportunity enterprise partners and formulate recommendations regarding suitability for enterprise assistance.

B. The department may, when applicable, enter into opt-in agreements with the authority and the county, school district or, if applicable, municipality where the enterprise development project is located for the purpose of facilitating the development of the enterprise development project.

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.