The purpose of the Wastewater Facility Construction Loan Act is to provide state agencies, local authorities, interstate agencies and other qualified borrowers in New Mexico with low-cost financial assistance in the construction of necessary wastewater facilities and other eligible projects through the creation of a self-sustaining program so as to improve and protect water quality and public health.
History: Laws 1986, ch. 72, § 2; 1989, ch. 323, § 1; 2017, ch. 114, § 1; 2018, ch. 19, § 1.
The 2018 amendment, effective May 16, 2018, expanded the list of entities that are eligible for funding assistance in the construction of necessary wastewater facilities and other eligible projects; and after "provide state agencies", deleted "and", after "local authorities", added "interstate agencies and other qualified borrowers", and after "necessary wastewater facilities", added "and other eligible projects".
The 2017 amendment, effective July 1, 2017, made state agencies eligible for funding for wastewater projects pursuant to the Wastewater Facility Construction Loan Act; and after "to provide", added "state agencies and".
Structure New Mexico Statutes
Chapter 74 - Environmental Improvement
Article 6A - Wastewater Facility Construction Loans
Section 74-6A-1 - Short title.
Section 74-6A-3 - Definitions.
Section 74-6A-4 - Wastewater facility construction loan fund created; administration.
Section 74-6A-4.1 - Clean water administrative fund; created; use.
Section 74-6A-7 - Loan program; administration.
Section 74-6A-8 - Financial assistance; criteria.
Section 74-6A-9 - Commission; powers.
Section 74-6A-10 - Board; duties and powers.
Section 74-6A-11 - Wastewater suspense account created.
Section 74-6A-12 - Commission bonds.
Section 74-6A-13 - Agreement of the state not to limit or alter rights of obligees.
Section 74-6A-14 - Validation.
Section 74-6A-15 - Water quality control commission; instrumentality.