New Mexico Statutes

§ 6-21A-5 — Loan program; administration

New Mexico·Ch. 6 Public Finances·Art. 21A Drinking Water State Revolving Loan Fund
A.The authority shall establish a program to provide financial assistance from the fund to local authorities, individually or jointly, for acquisition, construction or modification of drinking water facilities. The authority is authorized to enter into memoranda of understanding, contracts and other agreements to carry out the provisions of the Drinking Water State Revolving Loan Fund Act, including memoranda of understanding, contracts and agreements with federal agencies, the department, local authorities and other parties.
B.The department shall adopt, by rule, a system for the ranking of drinking water facility construction projects requesting financial assistance and for the development of a priority list that will be part of the annual intended use plan, as required by the federal

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Legislative History

Laws 1997, ch. 144, § 5; 2025, ch. 103, § 3.

Nearby Sections

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