Board meetings, strategic plans, and buyer signals from Jeannette Gallegos’s organization
Sep 22, 2026·BoardMeeting
Board
Community Development Council Application Hearing
The meeting focused on the Community Development Council's hearing for CDBG project applications. Key agenda items included the roll call of council members, approval of the current meeting's agenda, and the passing of an open meetings resolution. The council also received a detailed CDBG program update, covering the reduction of the project backlog, the current value of HUD funds in the portfolio, the completion of several projects, and supplemental funding awards. Finally, the meeting transitioned to hearing presentations from 10 applicants seeking 2026 funding, with discussions on scoring criteria, cost-effectiveness, and risk analysis.
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The board approved several capital expenditure requests, including facility improvements at New Mexico State University and Eastern New Mexico University. A concession contract was authorized for Elephant Butte Lake State Park. Several academic programs, including Master of Science in Geobiology and Master of Applied Artificial Intelligence, were approved. The board also acted on contract approvals for county courthouse improvements and private activity bond allocations for housing projects in Bernalillo County. Additionally, an emergency operating grant was provided to the First Judicial District Attorney's office. Informational updates included the Director's report on bonding capacity, performance benchmarks for the State Treasurer's Office, and various financial status reports.
Jul 21, 2026·BoardMeeting
Board
State Board of Finance Meeting Actions
The board approved multiple capital expenditure requests involving various universities and hospitals, including construction and expansion projects for Eastern New Mexico University, the University of New Mexico Hospital, Western New Mexico University, New Mexico State University, and the University of New Mexico. Lease amendments were approved for Albuquerque Public Schools and Santa Fe County. The board also authorized the procurement of financial advisor services and approved a private activity bond allocation for the Nueva Acequia Project. Informational items addressed included financial status reports for capital building repairs and legislative projects, investment reports, emergency funding updates, and fiscal agent fee reports.
Jul 14, 2026·BoardMeeting
Board
New Mexico Department of Finance and Administration Rulemaking Hearing
The hearing focused on the review and final public comment process regarding proposed amendments to NMAC section 2.110.5. Key discussion topics included specific modifications to sections 7, 8, 10, 11, and 13, which covered definitions of indirect costs, necessary administrative corrections, and revised submission protocols. The hearing involved formally entering the proposed rule changes into the record, though no oral or written public comments were submitted.
Extracted from official board minutes, strategic plans, and video transcripts.
