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The fund is managed by New Mexico's State Investment Council, an independent state agency which functions as a sovereign wealth fund. [6] The council is made up of certain members of the Government of New Mexico, who serve on an ex-officio basis, and public members appointed alternately by the Governor of New Mexico and New Mexico Legislature.
A state cabinet secretary and former economist to the Legislature was selected Wednesday to oversee New Mexico's $49 billion nest egg of savings and trust accounts at the State Investment Council.
A $300 million state appropriation for land conservation across New Mexico was included in the House’s budget bill passed by the chamber and being considered by the Senate in the final days of ...
The bill would raise the royalty rate oil and gas drillers pay to operate on State Trust land from 20 to 25 percent. It could become more expensive to drill for oil on New Mexico state land ...
According to the Land Report's 2022 ranking of the top 100 land holders in the U.S., Kelley owns 1 million acres of American ranching land in Texas, Florida and New Mexico, which ranks him as America's ninth-largest private land owner. His landholdings have decreased after he sold several Texas ranches, including 49,723 acres in San Jacinto and ...
During the last years of Mexican rule, the New Mexican governor made several large individual grants to reward supporters and cronies, bolster possession of land on the periphery of New Mexico, and counter growing U.S. influence, including fear of invasion of New Mexico by either the U.S. or Texas which was independent from 1836 to 1845. [18]
Two years later, IRA investments in New Mexico come to life. Tribune. Megan Gleason, Albuquerque Journal, N.M. September 6, 2024 at 10:01 AM. ... New Mexico is starting the program in stages, with ...
In November 2022, the New Mexico State Investment Council, which manages that state's $38 billion sovereign wealth fund, announced it would commit $100 million towards America's Frontier Fund (AFF), a new venture capital firm that will focus on advanced technologies such as microelectronics and semiconductors, advanced manufacturing, artificial ...
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