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
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.









