New Mexico Administrative Code
Title 4 - CULTURAL RESOURCES
Chapter 10 - CULTURAL PROPERTIES AND HISTORIC PRESERVATION
Part 2 - HISTORIC PRESERVATION LOAN FUND
Section 4.10.2.18 - HPL LOAN AMOUNT AND REPAYMENT BY PROPERTY OWNER
Universal Citation: 4 NM Admin Code 4.10.2.18
Current through Register Vol. 35, No. 18, September 24, 2024
A. The amount of HPL funds contributed to the loan pool shall not exceed two hundred thousand dollars ($200,000) for any one project.
B. The property owner of an approved project will repay the loan or loan subsidy in monthly installments. Payment on the interest and principal shall be in accordance with Subparagraph (c) of Paragraph (16) of Subsection C of 4.10.2.13 NMAC of these regulations.
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