New Mexico Statutes Chapter 6. Public Finances § 6-30-8. Colonias infrastructure project fund; created; purpose; appropriations

(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 the project fund for the purpose of supporting qualified projects;

(4) the proceeds of severance tax bonds appropriated to the fund for qualified projects; and

(5) income from investment of the project fund that shall be credited to the project fund.

(1) administer the project fund;

(2) originate grants or loans for qualified projects recommended by the board;

(3) recover from the project fund the costs of administering the fund and originating the grants and loans; and

(4) govern the process through which qualified entities may apply for financial assistance from the project fund.