New Mexico Statutes
§ 58-18C-7 — Use of funds; eligible activities
New Mexico § 58-18C-7
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 18CNew Mexico Housing Trust Fund
This text of New Mexico § 58-18C-7 (Use of funds; eligible activities) 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. § 58-18C-7 (2026).
Text
Money from the fund and matching funds from other sources may be used to finance in whole or in part any loans or grant projects that will provide affordable housing. Money from the fund may also be used to reimburse the authority for actual expenses incurred in administering the fund in an amount not to exceed five percent of total funds disbursed from the fund.
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Legislative History
Laws 2005, ch. 105, § 7.
Nearby Sections
15
§ 58-1-1
Short title§ 58-1-11
Access by fiduciaries§ 58-1-13
Lease to minor§ 58-1-14
Search procedure on death§ 58-1-17
Qualification and fiduciary powers§ 58-1-18
Fiduciary bond or oath excused§ 58-1-2
Definitions of banks§ 58-1-2.1
Prohibition§ 58-1-20
Reserves against deposits§ 58-1-21
LoansCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 58-18C-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-18C-7.