New Mexico Administrative Code
Title 18 - TRANSPORTATION AND HIGHWAYS
Chapter 27 - HIGHWAY CONSTRUCTION GENERAL PROVISIONS
Part 3 - LOCAL GOVERNMENT ROAD FUND GUIDELINES FOR WAIVER OF LOCAL ENTITIES MATCHING FUNDS DUE TO FINANCIAL HARDSHIP
Section 18.27.3.6 - OBJECTIVE
Universal Citation: 18 NM Admin Code 18.27.3.6
Current through Register Vol. 35, No. 18, September 24, 2024
The New Mexico Legislature occasionally provides a certain amount of Local Government Road Funds to be used by the State Highway and Transportation Department in place of normally required Local Government Matching Funds for Cooperatives, School Bus Routes, Municipal Arterial or County Arterial Projects, in any given fiscal year, in the event of financial hardship by an eligible entity as determined by the Secretary of the State Highway and Transportation Department and as authorized by the State Highway Commission.
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