Troubled NM authority plans to scale back loans

Published July 26, 2012 10:58pm ET



SANTA FE, N.M. (AP) — Cities, counties and other local governments could find it harder to get low-cost loans from the New Mexico Finance Authority during the next several months because of fallout from a scandal over a fake audit of the agency’s finances.

The authority’s governing board reviewed a proposal Thursday for limiting a loan program that finances projects such as sewers, roads and other infrastructure in communities.

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