Section 75-1-6 – Average residential user cost reduction grants and zero percent loans.
A. No more than twenty-five percent of the proceeds of each severance tax bond issuance or other appropriation for the purpose of carrying out the provisions of the Rural Infrastructure Act shall be reserved for average residential user cost reduction grants or zero percent loans to reduce average residential user cost to a reasonable level […]
Section 75-1-1 – Short title.
Chapter 75, Article 1 NMSA 1978 may be cited as the “Rural Infrastructure Act”. History: 1953 Comp., § 75-41-1, enacted by Laws 1973, ch. 333, § 1; 1983, ch. 173, § 1; 1988, ch. 28, § 1. ANNOTATIONS Cross references. — For provisions relating to water supply associations, see 3-28-1 NMSA 1978 et seq. Laws […]