New Mexico Finance Authority

Financial ServicesNew Mexico, United States11-50 Employees

The New Mexico Finance Authority is a state-created financial authority established by the New Mexico Legislature in 1992 to finance infrastructure projects for counties, cities, and select state government departments. Its core aim is to provide low-cost financing and help borrowers access the tax-exempt bond market in a cost-effective manner, using the Public Projects Revolving Fund as its primary financing vehicle.

The authority issues tax-exempt PPRF bonds to obtain funds that are loaned to New Mexico governmental entities, with the Governmental Gross Receipts Tax acting as a credit enhancement for those bonds. It is governed by an eleven-member Board of Directors and operates independently from other state boards or agencies, with oversight by the Legislative Oversight Committee of the New Mexico State Legislature. Based in Santa Fe, New Mexico, NMFA’s core activities revolve around the PPRF while incorporating additional program responsibilities as authorized by the legislature.

Sign up for free to view info

Email Format Employee directory