 |
The State Treasurer serves on numerous boards and commissions and is the only elected state official to serve as a member of all state financial and investment boards and commissions.
New Mexico State Board of Finance (BOF) has general supervision of the fiscal affairs of the state. It is charged with the safekeeping of all money and securities belonging to or in the custody of the state, and has authority to issue general obligation bonds and severance tax revenue bonds.
State Board of Finance
505.827.4980
New Mexico State Investment Council (SIC) administers and manages New Mexico's three permanent trust funds: the Land Grant Permanent Fund, the Severance Tax Permanent Fund, and the Tobacco Settlement Permanent Fund. Additionally, the State Investment Council manages long-term investment funds for 17 state and local government entitles.
State Investment Council
505.424.2500
Public Employees Retirement Association of New Mexico (PERA) oversees the principal retirement and disability benefits programs of state, county, and municipal employees, including municipal police and firefighters. The Board serves as trustee for the association. Its mission is to preserve, protect, and administer the trust to meet its current and future obligations and provide quality services to association members. Additionally, it has the power and duty to manage and invest the various funds of the association including the Volunteer Firefighters Retirement Fund, the Judicial Retirement Fund, and the Magistrates Retirement Fund. The State Treasurer serves as custodian of the Public Employees Retirement Fund in addition to Board and Investment Committee service.
Public Employees Retirement Association
505.827.4700
New Mexico Retiree Health Care Authority (RHCA) was created in 1990 as an independent statutory agency of the State of New Mexico. The agency provides comprehensive and affordable group health insurance to eligible retirees of certain public service employers in New Mexico and their spouses and dependents, and surviving spouses and dependents. The Treasurer also serves on Audit and Investment Committees.
Retiree Health Care Authority
800.233.2576
New Mexico Educational Retirement Board (ERB) provides retirement benefits for teachers and other school employees from public school districts, institutions of higher education, and educational agencies. It is the trustee of the Educational Retirement Fund. Contributing members are eligible employees of state educational institutions and the state's Department of Education. The Educational Retirement Board administers the Educational Retirement Act, including the retirement and disability benefits programs for qualified members, and oversees the investment of the moneys in the Educational Retirement Fund. The State Treasurer serves as custodian of the Educational Retirement Fund in addition to Board and Investment Committee service.
Educational Retirement Board
505.827.8030
New Mexico Mortgage Finance Authority (MFA) is a quasi-public entity financing housing and related services for low- to moderate-income and underserved families. As the state’s designated housing agency, the Mortgage Finance Authority provides affordable housing finance through a variety of programs including assistance for the homeless, apartment development, and homeownership. Created by the state of New Mexico, this body is a fully self-supporting, not-for-profit enterprise and receives no state funds for its operations. Since its inception in 1975, the Mortgage Finance Authority has provided more than $3.2 billion in affordable housing for families in New Mexico. The Treasurer also serves on the Contracted Services Committee.
Mortgage Finance Authority
800.444.6880
New Mexico Educational Assistance Foundation (EAF) (dba New Mexico Student Loans) is a non-profit corporation, created pursuant to the State Educational Assistance Act, which provides financial assistance to qualified post-secondary students. The purpose of the Foundation is to improve the educational opportunities of residents of New Mexico through educational loans and other educational assistance programs.
Educational Assistance Foundation (NM Student Loans)
800.279.5063
New Mexico Small Business Investment Corporation (SBIC) is charged with creating new job opportunities and supporting new or expanding businesses in the state. It makes more capital available to small businesses through investing in alternative and micro lenders as well as venture capital funds. State law requires the State Investment Council to invest three-fourths of one percent of the Severance Tax Permanent Fund in the Small Business Investment Corporation. With $28.4 million in capital, this corporation has made loans through its partners to more than 1,000 businesses in nearly 100 communities in New Mexico and has made equity investments in nearly 20 businesses statewide.
Small Business Investment Corporation
505.670.1329
New Mexico Martin Luther King, Jr. Commission promotes cultural awareness and human rights to all people of New Mexico through Dr. King's life philosophy and six principles of nonviolent social action. The Commission’s aim is to improve interracial cooperation and appreciation while attempting to reduce juvenile delinquency in New Mexico communities. The Commission works with local affiliates (organizations, schools, churches, municipalities, and others) to provide the necessary support within the limits and guidelines of the statutes. In this capacity, the Commission sponsors Youth Against Violence symposiums in schools and distributes Dr. King's Infusion Model for Teaching Nonviolent Principles in Schools.
Martin Luther King, Jr. Commission
505.841.9117
Capitol Buildings Planning Commission (CBPC) is responsible for long-range planning and review of state properties throughout the state for development of an overall master plan. After development of the initial master plan for Las Cruces, Santa Fe, and Albuquerque, the Commission is directed to conduct a review of the property control division. The State Treasurer is a statutorily-designated member of this Commission.
Renewable Energy Transmission and Storage Authority (RETA) has the power to issue and sell revenue bonds and use the proceeds to finance eligible facilities or to plan, acquire, and operate them through leases. The Authority contemplates the use of low- or zero-emissions generation technology, and renewable energy resources that may include solar, wind, hydropower, geothermal resources, and biomass resources, but does not include electric energy generated by use of fossil fuel or nuclear energy. The State Treasurer is a statutorily-designated member of this Authority.
Governor's Task Force on Ethics Reform is charged with evaluating the results of the 2007 legislative session and making recommendations for new ethics reforms. The Task Force was also asked to consider the value of a special legislative session dedicated to ethics reforms.
Investments & Pensions Oversight Committee is responsible for oversight of the investment, financial management practices, and actuarial status of the state's investment agencies, in addition to reviewing the financial and actuarial status of the retirement systems. The Committee also develops recommendations to improve investment, financial management, and actuarial soundness of these agencies. The Treasurer serves as an advisory member to this Committee.
|
 |