Section 58-29-2 - Purposes. - New-mexico Statutes

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58-29-2. Purposes.

The purposes of the Small Business Investment Act [58-29-1 NMSA 1978] are to:

A. implement the provisions of Subsection D of Section 14 of Article 9 of the constitution of New Mexico to create new job opportunities by providing capital for land, buildings or infrastructure for facilities to support new or expanding businesses; and

B. otherwise make debt investments and equity investments to create new job opportunities to support new or expanding businesses in a manner consistent with the constitution of New Mexico.

State Codes and Statutes

Statutes > New-mexico > Chapter-58 > Article-29 > Section-58-29-2

58-29-2. Purposes.

The purposes of the Small Business Investment Act [58-29-1 NMSA 1978] are to:

A. implement the provisions of Subsection D of Section 14 of Article 9 of the constitution of New Mexico to create new job opportunities by providing capital for land, buildings or infrastructure for facilities to support new or expanding businesses; and

B. otherwise make debt investments and equity investments to create new job opportunities to support new or expanding businesses in a manner consistent with the constitution of New Mexico.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-mexico > Chapter-58 > Article-29 > Section-58-29-2

58-29-2. Purposes.

The purposes of the Small Business Investment Act [58-29-1 NMSA 1978] are to:

A. implement the provisions of Subsection D of Section 14 of Article 9 of the constitution of New Mexico to create new job opportunities by providing capital for land, buildings or infrastructure for facilities to support new or expanding businesses; and

B. otherwise make debt investments and equity investments to create new job opportunities to support new or expanding businesses in a manner consistent with the constitution of New Mexico.