The Board of Finance Division provides operational, analytical, and administrative support to the State Board of Finance in accordance with statutory mandates. The Board has broad statutory responsibilities for general supervision of the fiscal affairs of the State, in addition to other regulatory and oversight functions.
STATE BOARD OF FINANCE REGULAR MEETING
The State Board of Finance will have a regular meeting on Tuesday, August 19, 2014 at 9:00 a.m. in the Governor’s Cabinet Room on the fourth floor of the State Capitol Building. At the meeting, the Board will be hearing presentations on Doña Ana County’s request for a determination pursuant to NMSA 1978, § 4-59-15 (1975), in connection with the County’s planned issuance of industrial revenue bonds. The agenda will be available no later than 72 hours before the meeting in room 181 of the Bataan Memorial Building or available on our website, http://nmdfa.state.nm.us/meetings.aspx
If you are an individual with a disability who is in need of a reader, amplifier, qualified sign language interpreter, or any other form of auxiliary aid or service to attend or participate in a meeting, please contact the administrator of the state Board of Finance at (505) 827-4980 at least one week prior to the meeting or as soon as possible. Public documents, including the agenda and minutes, can be provided in various accessible formats. Please contact the administrator of the state Board of Finance at (505) 827-4980 if a summary or other type of accessible format is needed.
NOTICE OF PUBLIC COMMENT PERIOD
The State Board of Finance (SBOF) is accepting public comments from all interested persons related to a request by Doña Ana County for a determination pursuant to NMSA 1978, Section 4-59-15. This statute provides that if a written complaint is filed with a county governing body at a meeting at which an ordinance or resolution authorizing the issuance of industrial revenue bonds is adopted, alleging that the proposed project would directly or substantially compete with an existing business or enterprise located within the county or within five miles of the proposed project, the bonds shall not be issued until the SBOF has determined that the proposed project will not directly or substantially compete with the existing business or enterprise.
Interested persons are encouraged to submit public comments that will assist the SBOF in making its determination by demonstrating that the proposed CN Wire Corporation project either does or does not directly or substantially compete with existing business International Wire Group. Information submitted may include data related to business inputs (such as raw materials, capital and labor), business outputs, copper wire manufacturing technology, required workforce training, local labor market characteristics, estimated impacts of the planned project on prices of business inputs or outputs, business input supply constraints, specific business models employed by the two businesses, transportation infrastructure, geographical market factors, and any other information that an interested person believes will assist the SBOF in making its determination.
Public comments must be submitted in writing to Stephanie Schardin Clarke, Director, 181 Bataan Memorial Building, Santa Fe, NM 87501, and should not be submitted directly to SBOF members. Initial public comments should be submitted by August 11, 2014. Public comments received by August 11, 2014 will be published on the SBOF website, http://nmdfa.state.nm.us/Board_of_Finance.aspx. Upon review of public comments published on the SBOF website, additional public comments may be submitted by August 18, 2014. Copies of the request for determination and the written complaint are available in room 181, Bataan Memorial Building, Santa Fe, NM 87501 and on the SBOF website.
It is anticipated that the SBOF will schedule a meeting, which is expected to take place during the week of August 18 through 22, 2014 subject to notice requirements established in the SBOF’s Open Meetings Resolution, SBOF Policy 14-01, to hear presentations from Doña Ana County, International Wire Group, and CN Wire Corporation. Following this public hearing, the SBOF may deliberate and make a determination pursuant to Section 4-59-15 or may take action at a later date.
The SBOF in its discretion may require persons participating in public hearings related to this issue to do so under oath. The SBOF may employ experts to assist it in making its determination.