Navigation

New Mexico

Move Your Money: Investing Public Money in Local Banks and Credit Unions to Spur Growth

In an effort to stimulate local economic growth and free up credit markets, New Mexico Sen. Tim Keller and Rep. Brian Egolf introduced HB66, which would require the state to give preference to community banks and credit unions to manage the state's general fund operating cash depository account.  Currently, Bank of America holds the $1.4 billion account.