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NEW MEXICO STATUTES AND CODES
Section 58-18-7.3 - Rehabilitation loans and home improvement loans.
58-18-7.3. Rehabilitation loans and home improvement loans.
The authority may develop a tax-exempt bond, a taxable bond or an authority-funded program for the financing of home improvement or rehabilitation loans. Such a home improvement or rehabilitation loan program may be conducted in concert with any appropriation provided by the legislature for the purpose of developing and conducting a program of subsidizing the interest rates on home improvement or rehabilitation loans to persons of low or moderate income.
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