§ 9-15F-7 — Powers and duties of the secretary

The secretary has the following powers and duties: A. develop forms of application for approval of public-private partnerships; B. review and approve, modify or disapprove specific geographic areas to be designated as trade port districts; C. review and approve or disapprove proposed public-private partnership agreements for a trade port project, subject to final approval by the state board of finance; D. modify or terminate existing approvals or designations for failure to meet the requirements of the Trade Ports Development Act; E. adopt and promulgate rules establishing the application process and criteria for the preliminary approval of public-private partnership agreements, grants and loans in accordance with the provisions of the State Rules Act [Chapter 14, Article 4 NMSA 1978]; F. approve or disapprove applications for grants or loans from the trade ports development fund for trade port projects; G. consult with the department of transportation on technical issues relevant to the secretary's consideration of an application, including compliance with the statewide transportation improvement program; H. request updates to any technical information, including any annual certification, provided in connection with an approved application or designation; and I. take all other actions necessary to implement the Trade Ports Development Act, including entering into joint powers agreements and retaining legal counsel and experts when appropriate.

Legislative History

Laws 2025, ch. 86, § 7.