§ 9-15F-4 — Trade port projects; criteria for approval

For all proposed trade port projects, in deciding whether to approve a proposed grant, loan and public-private partnership agreement, the secretary shall consider at least the following criteria: A. the extent to which the proposed trade port project will further the development of a trade port; B. whether the proposed trade port project complies with state and federal infrastructure planning; C. the cost-effectiveness and financial feasibility of the proposed trade port project; D. the net environmental impact of the proposed trade port project; E. the technological feasibility of the proposed trade port project and the ability of the private partners and public partners to successfully implement the proposed trade port project; F. the capacity of the public or private partner to manage the trade port project to completion, including the financial resources to satisfy any funding match requirements; G. the projected time frame for completion of the proposed trade port project; H. the potential qualification of the proposed trade port project for state and federal grants, loans and tax incentives; I. the projected impact of the proposed trade port project on economic development within the state and relevant municipalities and counties; and J. the possibility of state investment in the proposed trade port project pursuant to Section 7-27-5.15 NMSA 1978.

Legislative History

Laws 2025, ch. 86, § 4.