N.M. Admin. Code § 20.7.5.11

Current through Register Vol. 35, No. 17, September 10, 2024

Section 20.7.5.11 - APPLICATION PROCEDURES FOR PRIORITY LIST PLACEMENT

A. Applications for financial assistance shall be made by the qualified borrower on a form specified by the department.

B. Applicants for financial assistance shall provide the department with:

(1) a description of the scope of work of the project;

(2) a cost estimate of the project; and

(3) a target date for initiation of construction.

C. The department will review the application for eligibility, and technical merits. The department will notify the qualified borrower of any inadequacies in the submittal. The qualified borrower may correct any inadequacies and resubmit the application.

D. Upon determination by the department that an application is eligible and complete, the application will be ranked utilizing the priority system and will be placed on the priority list.

N.M. Admin. Code § 20.7.5.11

2-5-87; 11-18-93; 20.7.5.11 NMAC - Rn, 20 NMAC 7.5.201 & A, 7/16/2000, Adopted by New Mexico Register, Volume XXVI, Issue 21, November 16, 2015, eff. 12/16/2015, Amended by New Mexico Register, Volume XXIX, Issue 17, September 11, 2018, eff. 9/29/2018