{"data":{"id":"us-nm/58-31-7","jurisdiction":"us-nm","citation":"58-31-7","heading":"Authority loans; terms.","body":"If the authority borrows money from a financial institution or other entity:\nA. the interest, principal payments or any part thereof shall be payable at intervals as may be determined by the authority;\nB. the loan shall mature at any time not exceeding thirty years from the date of origination;\nC. the principal amount of the loan shall not exceed fair market value of the real or personal property to be acquired with the proceeds of the loan as evidenced by a certified appraisal in accordance with the Real Estate Appraisers Act [Chapter 61, Article 30 NMSA 1978]; and\nD. the loan shall be subject to approval of the state board of finance.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 31 Spaceport Development"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"d2c55b680b37b3987a840567e0caab2135642e616537231c5fa4f93fd56ec22d","source_id":"us-nm","stale":false,"prev":"us-nm/58-31-6","next":"us-nm/58-31-8"},"notice":"GroundRules: Original legal text. Not legal advice."}