This rule applies to the authority's exercise of the authority's power of eminent domain for acquiring property or interests in property for projects the authority has determined are eligible facilities, as that term is defined in NMSA 1978, Section 62-16A-2, and for which the authority has determined to participate in the project, but in circumstances in which the authority is not acquiring the project. In exercising any authority provided for herein, the authority shall act in accordance with all applicable laws.
N.M. Admin. Code § 17.8.3.2