New Mexico Statutes Chapter 6. Public Finances § 6-34-6. Opportunity enterprise review board; powers

(1) meet quarterly and at the call of the chair;

(2) receive executed contracts for enterprise assistance;

(3) recommend to the authority application forms and procedures for approval of enterprise assistance;

(4) develop standards and procedures for the approval of proposed contracts for enterprise assistance;

(5) make recommendations to the authority of potential enterprise development projects;

(6) determine whether the use of enterprise assistance is a prudent expenditure of public funds and report to the legislature annually on that determination; and

(7) make recommendations to the authority of potential rulemaking, application or lending changes to ensure transparent and efficient processes for carrying out the provisions of the Opportunity Enterprise Act.

(1) provide outreach services to local governments and potential opportunity enterprise partners;

(2) evaluate opportunity enterprise partners and eligible enterprise development projects for suitability for enterprise assistance; and

(3) obtain input and information relevant to carrying out the purposes of the Opportunity Enterprise Act from recipients of enterprise assistance, local governments and local communities.