HB 072: MFA SHARED RENEWABLE ENERGY SPECIAL MORTGAGES

An Act Relating To Mortgages; Enacting A New Section Of The Mortgage Finance Authority Act To Require The New Mexico Mortgage Finance Authority To Facilitate Shared Renewable Energy Facilities Through Special-access Mortgage Packages.

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MILD HB 072
MFA SHARED RENEWABLE ENERGY SPECIAL MORTGAGES

Legislative URL:

HB 072 on nmlegis.gov

Emergency Clause:

No

Germane:

N/A

Location:

HRC

Action:

HPREF [3] not prntd-HRC API.

Issue(s):

Energy

Related Legislators

Bill Sponsor:

Roberto “Bobby” Gonzales

Related Documents

Downloads:

Introduced
Fiscal Impact Report

Summary

This measure requires the New Mexico Mortgage Finance Authority to make it easier for low-income households to participate in shared renewable energy facilities by providing special-access mortgage packages for individuals eligible for mortgages through the NMMFA.

This bill may be a positive step towards helping more people access electricity generated by renewable energy. That may have the result of reducing the State’s reliance on coal-fired power plants and may help to strengthen the State’s renewable energy industry.

Date of Summary:  1/22/2014

Outcome:

HB 72 died in the House Rules Committee.

Updated 7/31/14