New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 1 - PUBLIC FINANCE GENERAL PROVISIONS
Part 3 - STIMULATE ECONOMIC DEVELOPMENT
Section 2.1.3.8 - IDENTIFICATION OF PROJECTS

Universal Citation: 2 NM Admin Code 2.1.3.8

Current through Register Vol. 35, No. 18, September 24, 2024

A. In accordance with Section 6-25-5 NMSA 1978, for the purpose of recommending projects to the authority for financing assistance, the department will coordinate with the authority to:

(1) survey potential eligible entities and projects and provide outreach services to eligible entities and local governments for the purpose of identifying and recommending projects to the authority;

(2) survey potential eligible entities and projects for suitability for financing assistance;

(3) formulate recommendations of projects that are suitable for financing assistance;

(4) obtain input and information relevant to the establishment and implementation of criteria for evaluating potential projects.

B. In identifying eligible entities and recommending projects, the department will consider and must determine that the entity is engaged in an enterprise that serves an economic goal and is suitable for financing assistance.

C. The department shall obtain information from the authority from time to time with respect to the availability of various types of financing assistance and the criteria used by the authority for evaluating potential projects.

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