New Mexico Statutes
§ 13-1B-7 — Repayment of loans to the fund
New Mexico § 13-1B-7
This text of New Mexico § 13-1B-7 (Repayment of loans to the fund) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 13-1B-7 (2026).
Text
A.When developing the repayment schedule for loans from the fund, the department shall consider the projected savings from alternative fuel.
B.The department of finance and administration shall collect and account for the loans made from the fund, and it shall have custody of all of the original loan documents, including all notes and contracts evidencing the amounts owed to the fund.
C.Loans shall be made for a period of time not to exceed seven years, with an annual interest rate of zero percent. A loan shall be repaid in equal annual installments, with the first annual installment due within one year of the date on which the loan is issued.
D.Loans shall be made only for eligible items.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Laws 1992, ch. 58, § 7; 2002, ch. 32, § 8; 2018, ch. 53, § 4.
Nearby Sections
15
§ 13-1-100.1
Construction contracts; construction management§ 13-1-101
Repealed§ 13-1-102
Competitive sealed bids required§ 13-1-103
Invitation for bids§ 13-1-104
Competitive sealed bids; public notice§ 13-1-107
Competitive sealed bids; bid opening§ 13-1-108
Competitive sealed bids; award§ 13-1-108.1
Recompiled§ 13-1-110
Competitive sealed bids; identical bidsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 13-1B-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/13/13-1B-7.