Lawmakers told no NMFA tax change planned

Published October 12, 2012 11:41pm ET



SANTA FE, N.M. (AP) — Gov. Susana Martinez’s administration has no plans to try to scale back the New Mexico Finance Authority by taking away its dedicated source of funding from tax revenues, the authority’s top executive told lawmakers on Friday.

The authority functions as a bank for government infrastructure projects, including water systems and buildings. It has come under greater scrutiny because its financial audit was faked earlier this year. The authority’s former controller has been indicted for securities fraud and forgery.

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