New Mexico Statutes Chapter 75. Miscellaneous Natural Resource Matters § 75-2-4. Interstate stream commission; additional powers and duties

A. meet upon the call of its chairman;

B. review and approve or deny water research, conservation or development project proposals submitted to the commission by institutions of higher learning, political subdivisions or other appropriate nonprofit research or development entities on the basis of potential merit, benefit to the state and feasibility;

C. adopt guidelines for project preparation, review, application and approval;

D. upon approval of a project, allocate available funds for such water research, conservation or development project, provided:

E. adopt reporting and monitoring procedures for evaluation of research, conservation or development projects being conducted by recipients of disbursements under the Water Research, Conservation and Development Act, and, after making the appropriate evaluation of the project, make arrangements for termination of the project, if so indicated;

F. report annually to the governor and the legislature on the status of the various research, conservation or development projects, including a report on total funds expended under this act, including the amounts and sources of outside matching funds; and

G. expend no more than fifteen thousand dollars ($15,000) from the water research, conservation and development fund for the administrative purposes of the Water Research, Conservation and Development Act during any fiscal year.