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.
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.
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.
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.
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.
Meet Our Treasurer
The Honorable
Laura M. Montoya
Meet New Mexico State Treasurer Laura M. Montoya, a trailblazer who broke barriers on January 1, 2023, as New Mexico's first female State Treasurer and the first elected Latina State Treasurer in the United States. Raised and educated in Northern New Mexico, Treasurer Montoya’s upbringing instilled in her a deep commitment to service, community, and policy work.
Early Career
& Education
While earning her master’s degree, New Mexico State Treasurer Laura M. Montoya worked as a Constituent Services Representative for U.S. Senator Jeff Bingaman. She has worked in various roles within the New Mexico Legislature as well as for State Treasurers Douglas M. Brown and James B. Lewis. Treasurer Montoya has dedicated the entirety of her career to serving New Mexicans at the federal, state, tribal, and local levels with dedication, commitment, and skill.
Achievements as
a County Treasurer
During her two-term tenure as the elected Sandoval County Treasurer, she implemented effective internal controls and policies leading to commendable audit outcomes and a tax collection rate of 99.37%. As Legislative Chairwoman for the Treasurer's Affiliate, Treasurer Montoya led the passage of over 20 pieces of legislation which reformed the tax structure to make it fairer, simpler, and more equitable, supported veterans, seniors, and New Mexicans with disabilities, and expanded the permissibility of investments in New Mexico for Class A counties and municipalities within Class A counties.
Leadership Roles
& Certifications
New Mexico State Treasurer Laura M. Montoya served as Vice Chair of Finance, Pensions, and Intergovernmental Affairs for the National Association of Counties, reflecting her dedication to shaping sound fiscal policies. She holds bachelor’s degrees in political science and psychology with a minor in sociology, a master’s degree in public affairs, and numerous professional certifications, including Certified Treasury Official, Certified Public Official, and Certified Public Manager. Montoya’s extensive education, alongside her passion for financial literacy, drives her to teach finance and treasury classes to county and city employees, elected officials, and union members as well as push for financial literacy as a graduation requirement in all New Mexico schools.
Initiatives for
Equity & Inclusion
New Mexico State Treasurer Laura M. Montoya works tirelessly to bridge the gap of inequity through various initiatives, including outreach for financial literacy, the New Mexico State Treasurer’s Achieving a Better Life Experience (NM STABLE) program, Baby Bonds, and thoughtful discussions on implementing Diversity, Equity, and Inclusion (DEI) strategies in New Mexico and nationally. Her dedication ensures that financial policies and practices pave the way for a more equitable and inclusive future for all New Mexicans.
Current Responsibilities
Currently, New Mexico State Treasurer Laura M. Montoya manages a portfolio exceeding $17.9 billion. In addition, she sits on 13 boards, councils, and commissions that collectively manage over $160 billion. Her fierce and savvy leadership continues to ignite positive change, uplifting the community and advancing New Mexico forward. The honorable Laura M. Montoya is proud to be the daughter of Councilman L. Michael and Geralyn Montoya of Las Vegas, NM.









