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Sunday, November 01, 2009

NM Finance Authority Oversight Committee to Meet in Santa Fe Nov. 2-3

The New Mexico Finance Authority Oversight Committee will meet for two days -- November 2nd and 3rd -- in Room 307 at the State Capitol, Santa Fe, New Mexico. The Committee will convene at 9:00 AM on both days.

“We welcome input from the public at our meeting,” said Representative Patricia A. Lundstrom (D-McKinley & San Juan-9), Committee Chair, in a statement released by the office of the New Mexico Senate.

“Following the recent special session, the Committee will be re-grouping to take a fresh look at funding and policy options for continuing our capital outlay efforts as we move toward the January session of the legislature. Obviously, we need to look at not only traditional funding methods, but at others that have the potential for leveraging our diminishing resources as well as possible future funding sources,” said Senator Mary Kay Papen (D-Dona Ana-38), Vice Chair of the Committee.

On Monday, November 2nd, after convening, the Committee will hear updates on economic development funding and funding issues through state and federal avenues. The Committee will also listen to proposed legislation that could cover future funding of various types of capital outlay projects. The Committee plans a working lunch during which it will focus on proposed legislation related to the Spaceport Authority. The Committee plans to recess at 4:30 PM on Monday.

On Tuesday, November 3rd, after convening, the Committee will spend time in executive session going over various policy issues before taking a look at means of leveraging projects through the use of various tax incentives programs. The Committee plans to adjourn at 12:30 PM on Tuesday.

Details of the Committee’s agenda, as well as the most recent updates can be accessed here.

November 1, 2009 at 10:56 AM in Economy, Populism, Events, Finance, Investments, Government, NM Legislature 2009, Santa Fe | Permalink