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Current as of January 01, 2024 | Updated by Findlaw Staff
A. A political subdivision desiring a grant of funds from the council shall file an application for a grant of funds with the council, which shall contain at least the following:
(1) a general description of the proposed project and a general description of related existing facilities, if any;
(2) a general description of all real estate, if any, necessary for the proposed project;
(3) preliminary plans and other documents necessary to show the type, structure and general character of the proposed project;
(4) estimates of cost of the proposed project;
(5) a general description and statement of value of any property, real or personal, of the political subdivision applied or to be applied to the proposed project;
(6) a statement of cash funds previously applied, or currently held by or on behalf of the political subdivision, which are available for and are to be applied to the proposed project;
(7) evidence of the arrangement made by the political subdivision for the financing of all costs of the proposed project in excess of the requested assistance from the council;
(8) evidence that the political subdivision has the organizational and technical competence to utilize the requested funds efficiently; and
(9) evidence that the political subdivision can properly operate and maintain the facility to be constructed for its useful life.
B. After receipt of an application for a grant of funds, the division shall provide copies of the application to appropriate state agencies, who shall have fifteen working days to review the application and communicate their comments to the council. The division shall also review all applications and submit its recommendations to the council. In deciding whether or not to approve assistance funds, the council except as provided by applicable federal law shall consider, but is not limited to:
(1) the health and safety of the residents to be served by the proposed project;
(2) the needs of other political subdivisions for infrastructure development funding; and
(3) other sources of funds available to the political subdivision to fund the proposed project.
C. All action shall be taken by vote of a majority of the members of the council.
D. The division shall, upon a decision by the council to approve assistance funds to a political subdivision, notify all appropriate state agencies of the project and request that they monitor it to assure that all statutes, rules and regulations are complied with and that standards are maintained.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 11. Intergovernmental Agreements and Authorities § 11-6-6. Community assistance application requirements - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-11-intergovernmental-agreements-and-authorities/nm-st-sect-11-6-6/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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