Section 58-29-2 - Purposes.
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.