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Child care providers worry about coming loss of federal funds

State officials worry a long shutdown will thwart the early child care momentum they ve legislated and funded. ....

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New Mexico poised to cap small loan interest rates

New Mexico is ready to ban exorbitantly high interest rates on small loans that have drawn criticism from advocates in the state for over two decades. Predatory lenders in New Mexico have been allowed to charge interest rates as high as 175% on small loans. If Gov. Michelle Lujan Grisham signs the bill, state law would cap interest rates on loans in the state to 36%. ....

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New Mexico groups call for tighter restrictions on oil and gas emissions

New Mexico groups call for tighter restrictions on oil and gas emissions
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New Mexico could be on the hook for $8.1 billion in oil and gas clean up costs

The State has about $201 million in financial assurances from operators, but to clean up all 60,000 wells would cost $8.34 billion. ....

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New Mexico short $8.1 billion in oil and gas clean up costs

New Mexico is short about $8 billion in financing from oil and gas companies to fund the cost of closing and cleaning up wells throughout the state.
A study released Thursday conducted by the Center for Applied Research and commissioned by the New Mexico State Land Office reported the discrepancy created a liability for state taxpayers and limited the ability of regulators to ensure adequate clean up is conducted when oil and gas wells are no longer used.
The State has about $201 million in financial assurances, the report read, paid through bonding by operators when wells are drilled and used if they go bankrupt or abandon a well. ....

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