New Mexico Finance Authority

The New Mexico Finance Authority ( the NMFA ) was created with passage of the New Mexico Finance Authority Act in 1992 ( Chapter 6, Article 21, NMSA 1978 ). The NMFA assists qualified governmental entities with affordable financing of capital equipment and infrastructure projects by providing low-cost funds and technical assistance. The NMFA is a state instrumentality governed by a Board of Directors, consisting of twelve members, ten of whom are appointed by the Governor. The NMFA is not subject to the supervision or control of any other board, bureau, department or agency of the state. The Legislative Oversight Committee is empowered to monitor and oversee its operations. The NMFA assists qualified governmental entities in the financing of capital equipment and infrastructure projects at any stage of completion from pre-planning through construction by providing low-cost funds and technical assistance through its five main financing sources: The Water Trust Fund ( created in 2001 ) is also administered by the NMFA, and the NMFA provides staff support to the Water Trust Board which oversees this fund. Governmental entities within New Mexico that can receive funding through NMFA's programs are defined by state statute to include the following: New Mexico Finance Authority 207 Shelby Street, NM 87501 Fe ( 505 ) 984-1454