The purpose of the Wastewater Facility Construction Loan Act is to provide state agencies, local authorities, interstate agencies and other qualified borrowers in New Mexico with low-cost financial assistance in the construction of necessary wastewater facilities and other eligible projects through the creation of a self-sustaining program so as to improve and protect water quality and public health.
History: Laws 1986, ch. 72, § 2; 1989, ch. 323, § 1; 2017, ch. 114, § 1; 2018, ch. 19, § 1.
The 2018 amendment, effective May 16, 2018, expanded the list of entities that are eligible for funding assistance in the construction of necessary wastewater facilities and other eligible projects; and after "provide state agencies", deleted "and", after "local authorities", added "interstate agencies and other qualified borrowers", and after "necessary wastewater facilities", added "and other eligible projects".
The 2017 amendment, effective July 1, 2017, made state agencies eligible for funding for wastewater projects pursuant to the Wastewater Facility Construction Loan Act; and after "to provide", added "state agencies and".
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