N.M. Admin. Code § 18.30.2.8

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

Section 18.30.2.8 - SLIDING SCALE FOR AUTHORIZED TRANSPORTATION PROJECTS WITH LOCAL GOVERNMENT

A.The authorized matching funds for the GRIP funded portion of the transportation project for the Rio Bravo boulevard extension and interchange construction to access Mesa del Sol in the city of Albuquerque and Bernalillo county from the local governments are:

(1) city of Albuquerque: funds from the capital program.

(2) Bernalillo county:

(a) funds for environmental analysis;

(b) funds for staff time devoted to project;

(c) value of estimated right-of-way contribution.

(3) Private share from private sources.

B.The authorized matching funds for the GRIP funded portion of the transportation project for the reconstruction of an interchange at Interstate 40 and West Central Avenue in the city of Albuquerque and Bernalillo county from the local governments are:

(1) city of Albuquerque-sliding scale as agreed to in cooperative project agreement;

(2) Bernalillo county-sliding scale as agreed to in cooperative project agreement.

C The authorized match for the projects' matching funds for the New Mexico department of transportation are: (1) the Rio Bravo boulevard extension and interchange construction to access Mesa del Sol in the city of Albuquerque and Bernalillo county - $6 million from the GRIP bond issue; (2) the reconstruction of an interchange at Interstate 40 and West Central Avenue in the city of Albuquerque and Bernalillo county - $6 million from the GRIP bond issue.

N.M. Admin. Code § 18.30.2.8

18.30.2.8 NMAC - N, 01/27/05