New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 92 - LEDA RECOVERY GRANT
Part 1 - GENERAL PROVISIONS
Section 2.92.1.10 - QUARTERLY PAYMENTS

Quarterly payments to recovery entities shall be determined by taking the initial per job calculation above and multiplying it by the number of FTE being claimed by the recovery entity for a given quarterly period. The per job amount may be reduced if the New Mexico finance authority and the economic development department determine the actual average wages paid fall below the thresholds for either or both of the $1,000 bonuses to a degree that indicates a reasonable attempt was not made to pay the wages estimated by the recovery entity in its grant application.