The board of directors of the New Mexico Finance Authority on Friday lifted limits on loans for public structure projects.
Restrictions on the size and type of loans were imposed because of a fraudulent audit that was discovered in July.
Without a legitimate audit, the NMFA could not issue bonds for large projects, interim CEO John Gasparich said in a statement.
But the agency says it now is back in business. Its audit for the 2011 budget year is nearly finished, and the 2012 audit should be completed in late March, the agency's statement said.
"We are now able once again to fulfill our mission of providing much needed infrastructure and improving our economy," said board chairwoman Nann Winter of Albuquerque.
The agency is accepting applications consideration at the board's March or April meetings.
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