N.M. Admin. Code § 18.27.6.14

Current through Register Vol. 35, No. 24, December 23, 2024

Section 18.27.6.14 - AGREEMENT CONDITIONS, REQUIREMENTS AND PROCEDURES

A. The eligible entity must expend and account for grant funds in accordance with state laws and procedures for expending and accounting for its own funds.

B. If an eligible entity commences performance on a transportation infrastructure project but fails to complete the project, the department may seek reimbursement of the grant award received by the eligible entity for that project.

C. The department shall have the right to evaluate the activities of eligible entity as necessary to ensure grant awards are used for authorized purposes in compliance with applicable laws, regulations and the provisions of the grant agreement.

N.M. Admin. Code § 18.27.6.14

Adopted by New Mexico Register, Volume XXX, Issue 13, July 16, 2019, eff. 7/16/2019, Amended by New Mexico Register, Volume XXXII, Issue 08, April 20, 2021, eff. 4/20/2021