Summary:

 Senate Bill 181 amends the Local Economic Development Act to include new qualifying entities.
 

Legislation Overview:

 Section 1 of Senate Bill 181 adds Definitions, including Subsections D, H and Q, in the Local Economic Development Act to add new qualifying entities, including a dental clinic, independent medical practice or veterinary facility. Subsection N expands the definition of a qualifying entity to include an independent medical practice, a veterinary facility, a dental clinic and a retail business. The Municipalities and Counties code is relettered and renumbered to reflect these changes throughout. 

Current Law:

 Senate Bill 181 changes Section 5-10-3 NMSA 1978 (being Laws 1993, Chapter 297, Section 3, as amended by Laws 2021, Chapter 3, Section 1 and by Laws 2021, Chapter 135, Section 1), which currently does not include the qualifying entities as provided in this bill.