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MFA committee endorses draft funding bills and adopts technical rule changes

New Mexico Finance Authority (MFA) Oversight Interim Committee · October 23, 2025
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Summary

The oversight committee endorsed two draft legislative bills, including the Housing Trust Fund appropriation request, and adopted non‑substantive MFA rule changes (added developer definition; updated modular‑home definition) by voice vote; votes were by voice, no roll calls recorded.

The MFA interim oversight committee gave formal endorsement to two draft bills presented for the legislative session and adopted proposed clarifying amendments to MFA’s rules and regulations.

Chair Representative Janelle Nyunornu called the committee to vote on two draft budget bills (identified in the packet as ending in 396 and 397). Members signified approval by voice vote. Transcript shows affirmative responses but does not record a roll‑call tally or named 'yes' and 'no' votes for each member.

Robin Unruh and Jeff Payne explained proposed rule changes that had been posted for 30 days and adopted by MFA’s board. The committee was asked to adopt the changes; Senator Roberto Gonzalez moved adoption, Senator Craig Brandt seconded, and members approved the amended rules by voice vote. Noted edits included adding a definition for 'developer' and revising the modular home definition to better match current market practice.

Committee business paused for a scheduled lunch recess; staff noted one procedural re‑vote to secure a standing committee second had been completed prior to recess.