N.M. Admin. Code § 2.91.2.10

Current through Register Vol. 36, No. 1, January 14, 2025

Section 2.91.2.10 - COLONIAS INFRASTRUCTURE QUALIFIED PROJECTS AND ELIGIBLE COSTS

A. The board may authorize the authority to provide financial assistance from the colonias infrastructure project fund to qualified entities only for qualified colonias infrastructure projects as provided by Section 6-30-3 and Section 6-30-5, NMSA 1978.

B. Financial assistance from the colonias infrastructure project fund shall be made only for eligible items, which include:

(1) planning, designing, construction, improving or expanding a qualified project;

(2) developing engineering feasibility reports for qualified projects;

(3) inspecting construction of qualified projects;

(4) providing professional services;

(5) completing environmental assessments or archeological clearances and other surveys for qualified projects;

(6) acquiring land, water rights, easements or rights of way; and

(7) paying legal costs and fiscal agent fees associated with development of qualified projects, within limits set by the board.

C. A qualified entity which has had financial assistance approved by the board for financing a qualified project may apply to the board to redirect the financial assistance to a different colonias infrastructure project made necessary by unanticipated events. The decision to redirect the financial assistance to a different qualified project will be at the sole discretion of the board upon the advice of the authority staff.

N.M. Admin. Code § 2.91.2.10

2.91.2.10 NMAC - N, 2/15/12