top of page

Boards, Councils, & Commissions

To safeguard the financial interests of New Mexicans, the State Treasurer actively participates in numerous boards, councils, and commissions. These roles keep the Treasurer's Office at the forefront of financial innovation and accountability. Below is a list highlighting these engagements, demonstrating our dedication to effective governance and collaboration.

CBPC

Capitol Buildings Planning Commission

Capitol Buildings Planning Commission (CBPC) is responsible for long-range planning and review of State properties and the development of an overall master plan.

EAF

Educational Assistance Foundation

Educational Assistance Foundation (EAF) is a non-profit corporation, created pursuant to the State Educational Assistance Act, that provides financial assistance to qualified post-secondary students. The purpose of the Foundation is to improve the educational opportunities of residents of New Mexico through educational assistance programs.

ERB

Educational Retirement Board

Educational Retirement Board (ERB) provides retirement benefits for teachers and other school employees from public school districts, institutions of higher education, and educational agencies. The Board is the trustee of the Educational Retirement Fund.

MFA

Housing New Mexico | New Mexico Mortgage Finance Authority

Housing New Mexico | New Mexico Mortgage Finance Authority (MFA) is a quasi-public entity, financing housing and related services for low-to-moderate-income and underserved families. The Mortgage Finance Authority provides affordable housing finance programs, including assistance for the homeless, apartment development, and home ownership.

MLK

Martin Luther King Jr. Commission

Martin Luther King, Jr. Commission (MLK) promotes cultural awareness and human rights to all people of New Mexico through Dr. King’s life philosophy and six principles of nonviolent social action.

OERB

Opportunity Enterprise Review Board

Opportunity Enterprise Review Board (OERB) oversees the Opportunity Enterprise Revolving Fund, which was created by the New Mexico Legislature in 2022 to increase economic activity in the state. The fund provides financing for new or existing commercial facilities to attract businesses to New Mexico communities and allow existing businesses to expand their operations. Economic goals are determined by the Board in collaboration with the Economic Development Department and may include job creation and provision of needed services and goods to diverse communities across the state.

PERA

Public Employees Retirement Association

Public Employees Retirement Association (PERA) oversees the principal retirement and disability benefits programs of State, county, and municipal employees, including municipal police and firefighters. The Board serves as trustee for the association. Its mission is to preserve, protect, and administer the trust to meet its current and future obligations and provide quality services to association members.

RETA

Renewable Energy Transmission Authority

Renewable Energy Transmission Authority (RETA) has the authority to issue and sell revenue bonds and use the proceeds to finance eligible energy transmission and storage facilities, and to acquire and operate facilities through leases.

RHCA

Retiree Health Care Authority

Retiree Health Care Authority (RHCA) was created in 1990 to provide comprehensive and affordable group health insurance to eligible retirees of certain public service employers in New Mexico, to their spouses and dependents, and to surviving spouses and dependents.

SBIC

Small Business Investment Corporation

Small Business Investment Corporation (SBIC) is charged with creating new job opportunities and supporting new or expanding businesses in the State. The SBIC makes more capital available to small businesses through investing in alternative and micro lenders as well as venture capital funds.

SBOF

State Board of Finance

State Board of Finance (SBOF) has general supervision of the fiscal affairs of the State. It is charged with the safekeeping of all money and securities belonging to or in the custody of the State and has the authority to issue general obligation bonds and severance tax revenue bonds.

SIC

State Investment Council

State Investment Council (SIC) administers and manages New Mexico’s 12 funds, including four permanent trust funds. Additionally, the State Investment Council manages long-term investment funds for multiple state and local government entities.

STIC

State Treasurer's Investment Council

State Treasurer’s Investment Council (STIC) is a five-member advisory council consisting of the Treasurer, the State Cash Manager, the State Board of Finance Director, one member appointed by the Treasurer, and one member appointed by the SBOF.

Meet Our Treasurer

The Honorable
LAURA M. MONTOYA

Making
New Mexico History

Treasurer Laura M. Montoya was sworn into office on January 1, 2023, as the first female state treasurer in New Mexico and the first elected Latina State Treasurer in the nation’s history. She was born, raised, and educated in northern New Mexico.

A Legacy of
Public Service

Treasurer Montoya has served New Mexico for more than two decades at the federal, state, tribal, and local levels. She worked as a Constituent Services Representative for U.S. Senator Jeff Bingaman, held several roles at the New Mexico State Legislature, served under former state treasurer Douglas M. Brown, and assisted with the transition of power to former Treasurer James B. Lewis. Treasurer Montoya was elected to two consecutive terms as Sandoval County Treasurer in 2012 and 2016, which made her the youngest elected county treasurer in the state’s history at that time.

From Scholarship
to Stewardship

Treasurer Montoya earned her bachelor’s degree in political science and psychology with a minor in sociology and her master’s degree in public affairs from New Mexico Highlands University. In 2003, she earned the prestigious Rotary Ambassadorial Scholarship and studied international relations at the University of Costa Rica. Treasurer Montoya has earned certifications as a Certified Treasury Official, Certified Public Official, and Certified Public Manager, accruing over 600 credit hours in finance, investments, treasury, market outlook, and leadership. More recently, she was awarded an Executive Treasury Management certificate from Pepperdine Graziadio Business School. Treasurer Montoya currently teaches finance and treasury classes to county and city employees, elected officials, and union members.

Leading with Love
and Purpose

Treasurer Montoya works tirelessly to address inequities through various State Treasurer’s Office initiatives. She is advocating to make financial fitness a graduation requirement in all New Mexico high schools, implementing the New Mexico State Treasurer’s Achieving a Better Life Experience (NM STABLE) program in alignment with federal law, championing efforts to create New Mexico Baby Bonds legislation, and leading conversations on diversity, equity, and inclusion (DEI) strategies in New Mexico and nationally.

Putting New Mexico
on the Map

Treasurer Montoya was honored as a Power100 ‘Icon’ for her tireless efforts to drive performance, impact the industry, and contribute to narrowing societal gaps, and was awarded a Cabrera Capital Markets award in recognition of her unwavering dedication to the Latino community; a Public Service Advocacy Award at the 2025 Santa Fe Accessibility Awards; and a Courageous Leadership Award at the Council of Urban Professionals (CUP) 18th Annual Leadership Gala. She was unanimously elected to serve as the Western Region Vice President of the National Association of State Treasurers (NAST) and selected as the first-ever Investments & Pensions Track “Ambassador” at the 2025 National Institute of Public Finance (NIPF).

Investing in
New Mexico’s Future

Treasurer Montoya’s dedication ensures that sound financial policies and practices pave the way for a more equitable and prosperous future for New Mexico. She manages the state’s $19.6 billion portfolio and serves on 13 boards, councils, and commissions with fiduciary responsibility for state funds exceeding $160 billion.

Treasurer Laura M. Montoya is speaking to an engaged group of young people. They are all raising their hands and listening.
Treasurer Laura M. Montoya standing next to others for a group photo. New Mexico State Auditor Joe Maestas is in the photo as well.
Treasurer Laura M. Montoya is standing at a podium speaking to a large group of people.
Treasurer Laura M. Montoya and Deputy T Janice Y. Barela pose for a group picture with high school students in Estancia, New Mexico.
Laura M. Montoya reading a book to a group of children for story time.
Laura M. Montoya standing with others for a photo at a global conference for economic leaders.
Treasurer Laura M. Montoya smiles for a photo. She is holding up a report she is happy to share.
New Mexico State Treasurer Laura M. Montoya stands strong at a podium explaining the benefits of the Baby Bonds program to a group of people listening intently.
A collage of hand drawn portraits of Treasurer Laura M. Montoya by school children. The students were asked about what the State Treasurer does before they drew their pictures using a variety of bright colored crayons and pencils.
Hot Air Balloons over the Rio Grande River in New Mexico

Meet New Mexico State Treasurer Laura M. Montoya, a trailblazer who continues to break barriers.

About The Treasurer

bottom of page