New Mexico § 6-30-3 Definitions

New Mexico Statutes

§ 6-30-3 — Definitions

New Mexico § 6-30-3

Ch. 6Public Finances

Art. 30Colonias Infrastructure

This text of New Mexico § 6-30-3 (Definitions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 6-30-3 (2026).

Text

As used in the Colonias Infrastructure Act: A. "authority" means the New Mexico finance authority; B. "board" means the colonias infrastructure board; C. "colonia" means a rural community with a population of twenty-five thousand or less located within one hundred fifty miles of the United States-Mexico border that:

(1)has been designated as a colonia by the municipality or county in which it is located because of a:

(a)lack of potable water supply;

(b)lack of adequate sewage systems; or (c) lack of decent, safe and sanitary housing;

(2)has been in existence as a colonia prior to November 1990; and (3) has submitted appropriate documentation to the board to substantiate the conditions of this subsection, including documentation that supports the designation of the municipality or count

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As used in the Colonias Infrastructure Act: A. "authority" means the New Mexico finance authority; B. "board" means the colonias infrastructure board; C. "colonia" means a rural community with a population of twenty-five thousand or less located within one hundred fifty miles of the United States-Mexico border that: (1) has been designated as a colonia by the municipality or county in which it is located because of a: (a) lack of potable water supply; (b) lack of adequate sewage systems; or (c) lack of decent, safe and sanitary housing; (2) has been in existence as a colonia prior to November 1990; and (3) has submitted appropriate documentation to the board to substantiate the conditions of this subsection, including documentation that supports the designation of the municipality or county; D. "financial assistance" means providing grants or loans on terms and conditions approved by the authority; E. "project fund" means the colonias infrastructure project fund; F. "qualified entity" means a county, municipality or other entity recognized as a political subdivision of the state; G. "qualified project" means a capital outlay project selected by the board for financial assistance that is primarily intended to develop colonias infrastructure. A qualified project may include a water system, a wastewater system, solid waste disposal facilities, flood and drainage control, roads or housing infrastructure; but "qualified project" does not include general operation and maintenance, equipment, housing allowance payments or mortgage subsidies; and H. "trust fund" means the colonias infrastructure trust fund.