NEW QUALIFYING ENTITIES IN LEDA

SB 181 amends New Mexico's Local Economic Development Act to expand the definition of "qualifying entity" eligible for state economic development support. It specifically adds "independent medical practices" (like non-hospital clinics) and "veterinary facilities" to the list of entities that can qualify. This change allows these new categories to access public support mechanisms such as land, infrastructure, grants, or loan guarantees under the Act, without altering existing support rules. The bill does not change how support is provided, only who qualifies for it.