2011 New Mexico Statutes
Chapter 21: State and Private Education Institutions
Article 19: Development Training, 21-19-1 through 21-19-13
Section 21-19-10: Community development assistance.
21-19-10. Community development assistance.
The economic development department shall provide assistance to political subdivisions of the state so that they can construct or implement projects necessary to provide services that will encourage the location of industry in the political subdivisions. The department shall, for this purpose, make low-interest loans to political subdivisions of the state with the approval of the economic development and tourism commission and after coordination with the local government division of the department of finance and administration pursuant to the New Mexico Community Assistance Act [11-6-1 NMSA 1978].
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