New Mexico Statutes Chapter 63. Railroads and Communications § 63-9H-16. State rural universal service fund budget caps

Current as of January 01, 2024 | Updated by Findlaw Staff

The total obligations of the fund determined by the commission, plus administrative expenses and a prudent fund balance, shall not exceed a cap of:

A. eighteen million dollars ($18,000,000) pursuant to the access reduction support, need-based support and comparable carrier support in Subsections K through N of Section 63-9H-6 NMSA 1978;

B. twelve million dollars ($12,000,000) pursuant to the broadband program in Subsection C of Section 7 of this 2026 act; and

C. pursuant to the low-income telecommunications assistance program:

(1) ten million dollars ($10,000,000) in the first year of the program; and

(2) forty-five million dollars ($45,000,000) per year in subsequent years of the program.

Previous Part of Code Next Part of Code

Back to Chapter List

Cite this article: FindLaw.com - New Mexico Statutes Chapter 63. Railroads and Communications § 63-9H-16. State rural universal service fund budget caps - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-63-railroads-and-communications/nm-st-sect-63-9h-16/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Did FindLaw Help You Understand This Legal Issue?

Make It a Preferred Google Search Source

Add to Google

Latest Blog Posts

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)