N.M. Admin. Code § 19.1.10.17

Current through Register Vol. 35, No. 23, December 10, 2024

Section 19.1.10.17 - FUNDING

Funding for CEED program projects may come from state, federal, other eligible funding sources, or a combination thereof.

A. If the funding source requires a set-aside allotment, entity categories shall have a percentage allotment of available funding reserved in any given fiscal year. If an allotment is not reached in any given entity category, the division will decide how to leverage the remaining funds against eligible projects.

B. If a set budgetary amount is identified in the application instructions, projects exceeding that amount which have provided justification and demonstrated need for the additional cost may request consideration for the increased amount, to be approved at the discretion of the division director.

N.M. Admin. Code § 19.1.10.17

Adopted by New Mexico Register, Volume XXXIV, Issue 09, May 16, 2023, eff. 5/16/2023