New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 110 - LOCAL GOVERNMENT GRANTS
Part 2 - SMALL CITIES COMMUNITY DEVELOPMENT BLOCK GRANT
Section 2.110.2.12 - OTHER ELIGIBLE ACTIVITIES
Current through Register Vol. 35, No. 18, September 24, 2024
A. Administrative costs associated with implementing a program such as preparing environmental reviews, and other costs for services are eligible activities.
B. Although the costs of conducting program audits are considered an eligible activity, it is recommended that they be paid by the applicant to expedite grant closeout.
C. Applicants may use fifteen percent of a CDBG grant for public facility program activities including:
D. The council may pledge future CDBG allocations to guarantee repayment of loans to non-entitlement municipalities and counties for CDBG eligible projects in accordance with Section 108 of the Housing and Community Development Act of 1974, as amended.
