Section 6-31-2 – Purpose.
The purpose of the Economic Development Grant Act is to provide matching state grants to local and regional economic development agencies to expand the economic development and job-creation capacities of those agencies through employment of economic development professionals. History: Laws 2014, ch. 58, § 2. ANNOTATIONS Emergency clauses. — Laws 2014, ch. 58, § 8, […]
Section 6-29-5 – Board; duties.
The board shall: A. adopt rules governing terms, conditions and priorities for providing financial assistance to tribes, including developing application and evaluation procedures and forms and qualifications for applicants and for projects; B. provide financial assistance to tribes for qualified projects on terms and conditions established by the board; C. authorize funding for qualified projects, […]
Section 6-29-6 – Tribal infrastructure trust fund; created; investment; distribution.
A. The “tribal infrastructure trust fund” is created in the state treasury. The trust fund shall consist of money that is appropriated, donated or otherwise accrues 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 6-29-7 – Tribal infrastructure project fund; created; purpose; appropriations.
A. The “tribal infrastructure project fund” is created in the state treasury and: (1) the department of finance and administration shall administer the project fund; (2) the project fund shall consist of: (a) distributions made to it from the trust fund; (b) payments of principal and interest on loans for qualified projects; (c) other money […]
Section 6-29-8 – Legislative oversight; rule review; report.
A. Rules proposed by the board and the department of finance and administration pursuant to the Tribal Infrastructure Act shall be reviewed by the legislative interim Indian affairs committee prior to approval. B. The legislative interim Indian affairs committee shall be briefed by the board on grant and loan proposals submitted to the board and […]
Section 6-29-9 – Tribal capital outlay reversions.
A. The unexpended balances of a capital outlay appropriation made after January 1, 2007 from the general fund to the department or to the aging and long-term services department for projects located on lands of an Indian nation, tribe or pueblo shall revert to the project fund. B. For the purpose of this section, “unexpended […]
Section 6-28-8 – Rulemaking authority.
The department of finance and administration or the Indian affairs department [9-21-1 to 9-21-15 NMSA 1978] shall promulgate rules necessary to implement the provisions of this act [6-28-1 to 6-28-8 NMSA 1978]. History: Laws 2006, ch. 105, § 8. ANNOTATIONS Emergency clauses. — Laws 2006, ch. 105, § 9 contained an emergency clause and was […]
Section 6-29-1 – Short title.
This act [6-29-1 to 6-29-9 NMSA 1978] may be cited as the “Tribal Infrastructure Act”. History: 1978 Comp., § 9-21-17, enacted by Laws 2005, ch. 146, § 1; recompiled as § 6-29-1 by Laws 2008, ch. 81, § 4. ANNOTATIONS
Section 6-29-2 – Findings and purpose.
A. The legislature finds that: (1) tribes lack basic infrastructure resulting in poor social, health and economic conditions of tribal communities; (2) adequate infrastructure such as water and wastewater systems, major water systems, electrical power lines, communications, roads, health and emergency response facilities and infrastructure needed for economic development are essential to improved health, safety […]
Section 6-29-3 – Definitions.
As used in the Tribal Infrastructure Act: A. “board” means the tribal infrastructure board; B. “department” means the Indian affairs department; C. “financial assistance” means providing grants or loans on terms and conditions approved by the board; D. “governor” means the governor of New Mexico; E. “project fund” means the tribal infrastructure project fund; F. […]