NMSA 1978, § 7-27-5.18 — Purpose

It is the purpose of this act to encourage economic development in New Mexico by
linking deposit of the severance tax permanent fund in New Mexico financial institutions
to an increase in loans to New Mexico businesses and investment in New Mexico
government entities and to encourage financial institutions to make the type of loans
that meet business needs not addressed by conventional loans and loans guaranteed
by federal, state or local agencies.