New Mexico Statutes

§ 3-60C-2 — Purpose

New Mexico·Ch. 3 Municipalities·Art. 60C Main Street Revolving Loan
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.

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Legislative History

Laws 2007, ch. 103, § 2.

Nearby Sections

15
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