The board shall:
A. promulgate such rules as are necessary to govern the acceptance, evaluation and prioritization of applications submitted by qualified entities for financial assistance;
B. after applications have been processed and evaluated by the authority, prioritize the qualified projects for financial assistance; and
C. upon such terms and conditions as are established by the authority, recommend the prioritized projects to the authority for financial assistance for:
(1) planning, designing, constructing, 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 archaeological clearances and other surveys for qualified projects;
(6) acquiring land, water rights, easements or rights of way; or
(7) paying legal costs and fiscal agent fees associated with development of qualified projects.
History: Laws 2010, ch. 10, § 5.
Effective dates. — Laws 2010, ch. 10, § 11 made the Colonias Infrastructure Act effective July 1, 2011.
Structure 2021 New Mexico Statutes
Article 30 - Colonias Infrastructure
Section 6-30-2 - Findings and purpose.
Section 6-30-4 - Colonias infrastructure board created.
Section 6-30-5 - Board; duties.
Section 6-30-6 - Authority; duties.
Section 6-30-7 - Colonias infrastructure trust fund; created; investment; distribution.
Section 6-30-8 - Colonias infrastructure project fund; created; purpose; appropriations.