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• My name is Mark Chaikin, General Counsel at the NMFA.
• I am the issuer counsel for the NMFA.
• Of an issuer, like the NMFA.
• Credit to the team at the NMFA.
• And the NMFA...

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• Was it an in-house NMFA initiative?
• A small business at NMFA?
• Like NMFA to define that.
• state funds through NMFA?
• Who sits on the Venture Capital Program Committee for NMFA?

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• I'm the CEO of the NMFA, um, and I'm very happy. This is my I think 24th interim.
• board member, a former NMFA employee, and now works with us part-time, uh, with you all.
• Uh, you'll hear about us when, when, when they say NMFA has a lot of money.
• That's now a $20 million grant fund that sits in NMFA for us to make energy.
• The committee will also receive the reports that are required by statute from the NMFA.

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• You're correct in terms of the responsibility of NMFA.
• Again, subject to the NMFA pursuant to the NMFA Act, this is one of those sets of rules that both the
• Oversight Committee and the NMFA have to adopt.
• Today, these are rules as they pertain to NMFA and for the loan.
• NMFA is only concerned about the lending portion of this. process.

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• Anyhow, getting back to this, I have worked with NMFA. We've tried to do this.
• It is a very rigorous vetting process when NMFA looks at water...
• So, you know, I keep NMFA on speed dial because, like you, I'm in...
• So that's why we unanimously endorse this bill in NMFA.
• And I also want to just sing your praises because NMFA, you guys do a great job.

Keywords: 996, all

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• I would just note that we really appreciate the partnership. from NMFA.
• So some of this has happened that I think NMFA might be able to fill in.
• About the redundancy potentially between the PSCOC and this NMFA program.
• So the NMFA loan program.
• And hope of what the NMFA fund can do.

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• NMFA under your watchful eye, I think that is fabulous.
• I am hopeful. that at least the financial part of it is being seen correctly over NMFA.
• And I would just add for our body that NMFA doesn't determine how that grant is used. grant is used.
• Our next presentation is the NMFA Strategic Plan Overview.
• In his prior life before NMFA, he built a number of high schools, junior highs, and universities.

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• With the NMFA, it settles in about $345,000 a year.
• Under the NMFA Act, rules are established by our board and the oversight.
• Have you looked into NMFA? They have... ...have capital out.
• But I think the NMFA, if they...
• We've also talked to NMFA about the Opportunity Enterprise Fund.

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• Thanks to the NMFA team for being here today. Members, we have the presentation here.
• Thank you for the opportunity to present updates to NMFA.
• Yes we're looking at the NMFA board approved projects. Okay.
• I'm a big NMFA fan.
• And you give us a list of 27 programs over which NMFA has had a role.

Keywords: 996, all

Transcript Highlights:

• New Mexico Finance Authority, and Donny Quintana, the Managing Director of Project Oversight with NMFA
• The Water Trust Board, NMFA, NMFA Oversight, we all get our job completed by December.
• And with that, I think this is one difference of all the programs we have at NMFA.
• I want to take a moment to definitely thank the sponsor and NMFA.
• But we attached it to the NMFA bill. It was defeated in the Senate.

Bills: HM26, HB243, HB109

Keywords: insects, ecosystem, education, public awareness, wildlife conservation, state agency involvement, New Mexico, equine welfare, animal rescue, shelter funding, trust fund, veterinary care, water project fund, water project finance act, New Mexico Finance Authority, water infrastructure, water grants, water loans, regional water planning, water rights adjudication

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• Authorization Bill, carrying this bill on behalf of the NMFA.
• This bill, carrying this bill on behalf of the NMFA, they unanimously endorse the bill.
• It authorizes the NMFA to make grants and loans for water projects from the Water Project Fund.
• These are incredibly complicated projects, and the way it's currently set up, NMFA, NMFA Oversight, and
• , and NMFA oversight.

Keywords: 996, all

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• Overview and status update from CEO of NMFA, Markita Russell, and then we'll hear about the implementation
• So with no further ado, we'll have our NMFA CEO, Marquita Russell, hit us off with the Water Trust Board
• We provide pages 2 and 3 on the oversight and who NMFA is, simply for your reference.
• All the other five types are reviewed by either the Environment Department or the NMFA.
• He oversees the newly established program oversight team at the NMFA.

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• We work so closely and are so dependent on NMFA and the Water Trust Board.
• So, NMFA and the Water Trust Board, it's such a critical operation for local governments, right?
• And again, it circles back to NMFA.
• That's what we utilize through NMFA to get these very expensive pieces of equipment.
• Fund, Law Enforcement Protection Fund, EMS Fund distribution, and the ability to bond that through NMFA

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• I want to just go over the things that NMFA has done for us.
• But with the NMFA, for good or bad, it's really done good for the cities and the municipalities. ...good
• I'm Ruby Lopez, I'm the Finance Director, and I do work with NMFA.
• The NMFA provides a subsidy, which NMFA delivers to all our loan recipients, or most of our loan recipients
• And we'll move now to the local recipients of NMFA financing: Richard Rumpf, the Mayor of the Village

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• I want to thank NMFA for really supporting local businesses.
• So being able to Smooth out that work would benefit not only the NMFA but our clients.
• We work closely together; I'm on the phone quarterly, probably with NMFA and the COG. ...just to make
• And I also want to compliment NMFA because small, you know, volunteers...
• All three of those programs operate under NMFA; they're three of our, I'd say, 15 active programs.

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• House Bill 128, NMFA, Local Solar Access Fund. Materials on the bill are being passed out.
• Panel, why is the fund going to NMFA, is that correct, Mr. Chair?
• Representative: Why is it going to NMFA as opposed to MNERD? Mr. Chair: Yes, Mr. Chair.
• Representative: MNERD is accepting the funding, and to fund the fund at NMFA, it would go to MNERD.
• Then, MNERD will consult with NMFA on the technical parts of evaluating the applications, but NMFA would

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• They were included as eligible entities at the NMFA in the PPRF program.
• They understood the need for financing for these individuals, so the NMFA also created a junior lien.
• NMFA does all the underwriting. We do all the bonding of the information of the loans that we have.
• So, once a loan is approved by the NMFA board, the rate is locked in case rates just skyrocket.
• And NMFA is willing to take that money.

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• By a 29-member NMFA Oversight Committee.
• We ultimately made six loans totaling $1.3 million, again from NMFA operating reserves, and that is a
• And then again, since 2022, a couple of new programs that came into the NMFA have added an additional
• It is the program that NMFA is best known by, and it is the program that built NMFA.
• There were no fees for the NMFA loan programs.

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• The first one, can you lay out the changes that this bill makes with respect to the NMFA if we can go
• You know, I chaired the NMFA Oversight Committee this last year.
• I do it every other year where I'm vice chair, and the Chief Executive Officer for the NMFA is here right
• Marquita Russell with the NMFA. It makes a modest expansion to qualified projects.

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• Finance Authority do. rules to accept and evaluate applications and to make recommendations to the NMFA
• NMFA provides the staff support. We administer the project fund.
• New Mexico Tech had been designated as a colonia, and NMFA said that they were not eligible.
• Again, these are loans, and if they enter into a contract for service with NMFA and the Department of
• On the next page, it doesn't have a page number, I apologize, titled NMFA. Business Ecosystem.