New Mexico Statutes Chapter 9. Executive Department § 9-15-65. Military base impact fund created; grants; requirements and limitations

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

A. The “military base impact fund” is created as a nonreverting fund in the state treasury. The fund consists of appropriations, gifts, grants and donations. The department shall administer the fund, and money in the fund is appropriated to the military office to provide assistance for infrastructure projects to defense communities. Disbursements from the fund shall be made by warrant of the secretary of finance and administration pursuant to vouchers signed by the director of the military office.

B. The military office shall implement a grant program for infrastructure projects to:

(1) accommodate or leverage, for the benefit of a defense community, an anticipated expansion of a military facility or employment of defense workers at a military facility or the retention of a military facility or employment of defense workers at a military facility;

(2) increase the potential to retain a military facility anticipated to be closed or a military mission that is anticipated to be relocated in a realignment process initiated by the federal government;

(3) facilitate the recruitment of a new military mission or other defense worker employer at a military facility to replace a mission or an employer that is being or is anticipated to be closed, reduced or relocated; or

(4) stimulate the development or recruitment of private or public sector employers to replace an actual or anticipated reduction in defense worker jobs due to a closure, reduction or relocation of a military base or defense worker employer.

C. A recipient of a grant from the fund shall be either a defense community or a regional planning organization organized under the Regional Planning Act that has a defense community within its planning region.

D. A grant from the fund may be made for project construction, planning and design or purchase of interests in land for new facilities or rehabilitation or renovation of existing facilities; provided that a grant shall be no greater than the lesser of ninety percent of the total cost of the project or ninety percent of a matching requirement from a federal or other nonstate funding source.

E. An applicant for a grant from the fund shall provide proof satisfactory to the military office that it can and will meet its cost-share requirements pursuant to this section.

Previous Part of Code Next Part of Code

Back to Chapter List

Cite this article: FindLaw.com - New Mexico Statutes Chapter 9. Executive Department § 9-15-65. Military base impact fund created; grants; requirements and limitations - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-9-executive-department/nm-st-sect-9-15-65/

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)