N.M. Admin. Code § 4.10.2.18

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

Section 4.10.2.18 - HPL LOAN AMOUNT AND REPAYMENT BY PROPERTY OWNER

A. The amount of HPL funds contributed to the loan pool shall not exceed two hundred thousand dollars ($200,000) for any one project.

B. The property owner of an approved project will repay the loan or loan subsidy in monthly installments. Payment on the interest and principal shall be in accordance with Subparagraph (c) of Paragraph (16) of Subsection C of 4.10.2.13 NMAC of these regulations.

7/16/97; 4.10.2.18 NMAC - Rn, 4 NMAC 10.2.18, 1/1/08