Section 6-30-2 – Findings and purpose.
A. The legislature finds that: (1) colonias lack basic infrastructure resulting in poor social, health and economic conditions; (2) adequate infrastructure such as water and wastewater systems, solid waste disposal facilities, flood and drainage control, roads and housing infrastructure are essential to improved health, safety and welfare of all New Mexicans, including residents of the […]
Section 6-30-3 – Definitions.
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 […]
Section 6-30-4 – Colonias infrastructure board created.
A. The “colonias infrastructure board” is created. B. The board shall consist of seven voting members as follows: (1) the secretary of finance and administration or the secretary’s designee from the department of finance and administration; (2) the secretary of environment or the secretary’s designee from the department of environment; (3) the chief executive officer […]
Section 6-30-5 – Board; duties.
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 […]
Section 6-30-6 – Authority; duties.
The authority shall: A. provide staff support to the board; B. administer the project fund; C. at the direction of the board, process, review and evaluate applications for financial assistance from qualified entities; and D. at the direction of the board, administer qualified projects that receive financial assistance. History: Laws 2010, ch. 10, § 6. […]
Section 6-30-7 – Colonias infrastructure trust fund; created; investment; distribution.
A. The “colonias infrastructure trust fund” is created in the state treasury. The trust fund shall consist of money that is appropriated, donated or otherwise allocated to it. Money in the trust fund shall be invested by the state investment officer in the manner that land grant permanent funds are invested pursuant to Chapter 6, […]
Section 6-30-8 – Colonias infrastructure project fund; created; purpose; appropriations.
A. The “colonias infrastructure project fund” is created in the authority and shall be administered by the authority. B. The project fund shall consist of: (1) distributions from the trust fund; (2) payments of principal and interest on loans for qualified projects; (3) other money appropriated by the legislature or distributed or otherwise allocated to […]
Section 6-30-1 – Short title.
Sections 1 through 8 [6-30-1 to 6-30-8 NMSA 1978] of this act may be cited as the “Colonias Infrastructure Act”. History: Laws 2010, ch. 10, § 1. ANNOTATIONS Effective dates. — Laws 2010, ch. 10, § 11 made the Colonias Infrastructure Act effective July 1, 2011.