2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 60C Main Street Revolving Loan
Section 3-60C-2 Purpose.
3-60C-2. Purpose.
The purpose of the Main Street Revolving Loan Act is to provide owners of eligible properties with low-cost financial assistance, through the creation of a self-sustaining revolving loan program, in the restoration, rehabilitation and repair of those properties if they meet certain eligibility criteria and would contribute substantially to the state's economic well-being and to a sound and proper balance between preservation and development.
History: Laws 2007, ch. 103, 2.
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