Sections 1 through 9 [6-21A-1 to 6-21A-9 NMSA 1978] of this act may be cited as the “Drinking Water State Revolving Loan Fund Act”. History: Laws 1997, ch. 144, § 1. ANNOTATIONS Cross references. — For state supplemental land and water conservation fund, see 16-1-2 NMSA 1978. For compliance with federal Safe Drinking Water Act, […]
Nothing in the Drinking Water State Revolving Loan Fund Act limits or is intended to limit any state, county or municipal statute, ordinance or regulation regarding the environment or the protection of health and safety. History: Laws 1997, ch. 144, § 10.
The purpose of the Drinking Water State Revolving Loan Fund Act is to provide local authorities in New Mexico with low-cost financial assistance in the construction and rehabilitation of necessary drinking water facilities through the creation of a self-sustaining revolving loan program so as to improve and protect drinking water quality and public health. History: […]
As used in the Drinking Water State Revolving Loan Fund Act: A. “authority” means the New Mexico finance authority; B. “department” means the department of environment; C. “drinking water facility construction project” means the acquisition, design, construction, improvement, expansion, repair or rehabilitation of all or part of any structure, facility or equipment necessary for a […]
A. There is created in the authority a revolving loan fund to be known as the “drinking water state revolving loan fund”, which shall be administered by the authority. The authority is authorized to establish procedures required to administer the fund in accordance with the Safe Drinking Water Act and state laws. The authority and […]
A. The authority shall establish a program to provide financial assistance from the fund to local authorities, individually or jointly, for acquisition, construction or modification of drinking water facilities. The authority is authorized to enter into memoranda of understanding, contracts and other agreements to carry out the provisions of the Drinking Water State Revolving Loan […]
A. Financial assistance shall be provided only to local authorities that: (1) meet the requirements for financial capability set by the authority to assure sufficient revenues to operate and maintain the drinking water facility for its useful life and to repay the financial assistance; (2) appear on the priority list for the fund, developed and […]
A. The department with the approval of the governor and as authorized in the intended use plan may transfer up to one-third of a wastewater facility construction loan fund capitalization grant to the drinking water state revolving loan fund; provided the Wastewater Facility Construction Loan Act [Chapter 74, Article 6A NMSA 1978] is amended to […]
A. The authority with the approval of the governor and as authorized in the intended use plan may transfer up to one-third of a drinking water state revolving loan fund capitalization grant to the wastewater facility construction loan fund. This provision is available one year after the receipt of the first full capitalization grant and […]
The state hereby pledges to and agrees with the holders of any bonds or other obligations issued under the Drinking Water State Revolving Loan Fund Act and with those parties that enter into contracts or agreements with the department or with the authority pursuant to the provisions of that act, that the state shall not […]
