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Current as of January 01, 2024 | Updated by Findlaw Staff
For all proposed trade port projects, in deciding whether to approve a proposed grant, loan and public-private partnership agreement, the secretary shall consider at least the following criteria:
A. the extent to which the proposed trade port project will further the development of a trade port;
B. whether the proposed trade port project complies with state and federal infrastructure planning;
C. the cost-effectiveness and financial feasibility of the proposed trade port project;
D. the net environmental impact of the proposed trade port project;
E. the technological feasibility of the proposed trade port project and the ability of the private partners and public partners to successfully implement the proposed trade port project;
F. the capacity of the public or private partner to manage the trade port project to completion, including the financial resources to satisfy any funding match requirements;
G. the projected time frame for completion of the proposed trade port project;
H. the potential qualification of the proposed trade port project for state and federal grants, loans and tax incentives;
I. the projected impact of the proposed trade port project on economic development within the state and relevant municipalities and counties; and
J. the possibility of state investment in the proposed trade port project pursuant to Section 7-27-5.15 NMSA 1978.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 9. Executive Department § 9-15F-4. Trade port projects; criteria for approval - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-9-executive-department/nm-st-sect-9-15f-4/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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