A. The division shall establish a program to provide financial assistance to qualified borrowers, individually or jointly, for eligible projects. The division as agent of the commission is authorized to enter into contracts and other agreements to carry out the provisions of the Wastewater Facility Construction Loan Act, including contracts and agreements with federal agencies, local authorities and other parties.
B. The commission shall adopt a system for the ranking of eligible projects for financial assistance.
History: Laws 1991, ch. 172, § 5; 2018, ch. 19, § 4.
The 2018 amendment, effective May 16, 2018, clarified that funding assistance is available to qualified borrowers for eligible projects as provided by the federal Clean Water Act; in Subsection A, after "provide financial assistance to", deleted "local authorities" and added "qualified borrowers", after "jointly, for", deleted "acquisition, construction or modification of wastewater facilities" and added "eligible projects", after "Wastewater Facility", deleted "Loan", and after "Construction", added "Loan"; and in Subsection B, after "ranking of", deleted "wastewater facility construction" and added "eligible".
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.