N.M. Code R. § 12.21.3.20

Current through Register Vol. 35, No. 11, June 11, 2024

Section 12.21.3.20 - COMPLIANCE WITH MSRL STANDARDS, INSPECTION AND REPORTING REQUIREMENTS

A. All rehabilitation, restoration, repair and preservation of projects funded by a loan or loan subsidy from the main street revolving loan fund shall be governed by the MSRL standards as applicable.

B. The committee may require professional design, architectural or engineering services for any rehabilitation, restoration, repair and preservation projects funded by a loan or loan subsidy from the main street revolving loan fund.

C. All plans and specifications, when required, shall be approved by the committee and the division prior to commencement of rehabilitation, restoration, repair and preservation of a project. The committee or its architectural subcommittee may also review project plans and specifications.

D. The committee may direct the division to review a project in progress at any time upon notice to the property owner and may require correction of any work not conforming to the standards or approved plans and specifications. The division will review all completed projects to ensure conformity with the standards and the approved application, plans and specifications.

E. Written progress reports on projects undergoing rehabilitation, restoration, repair and preservation shall be submitted by the property owner to the division with a request for a draw and after a division inspection of work. Reports shall include a detailed description of progress to date, a status report for the entire project and a financial summary.

N.M. Code R. § 12.21.3.20

12.21.3.20 NMAC - N, 12/15/08