Section 6-30-5 - Board; duties. - New Mexico Statutes

6-30-5. Board; duties.

The board shall:

A.     promulgate such rules as are necessary to govern the acceptance, evaluation and prioritization of applications submitted by qualified entities for financial assistance;

B.     after applications have been processed and evaluated by the authority, prioritize the qualified projects for financial assistance; and

C.     upon such terms and conditions as are established by the authority, recommend the prioritized projects to the authority for financial assistance for:

(1)     planning, designing, constructing, improving or expanding a qualified project;

(2)     developing engineering feasibility reports for qualified projects;

(3)     inspecting construction of qualified projects;

(4)     providing professional services;

(5)     completing environmental assessments or archaeological clearances and other surveys for qualified projects;

(6)     acquiring land, water rights, easements or rights of way; or

(7)     paying legal costs and fiscal agent fees associated with development of qualified projects.