N.M. Admin. Code § 2.79.1.6

Current through Register Vol. 35, No. 21, November 5, 2024

Section 2.79.1.6 - OBJECTIVE

The Individual Development Account Act (Sections 58-30-1 through 58-30-12 NMSA 1978; being Laws 2003, Chapter 362) established a structure to provide oversight to individual development account programs in New Mexico funded through the act. These rules are designed to:

A. identify and promote quality individual development account initiatives throughout the state while encouraging innovation and diversity;

B. ensure accountability of account owners, account programs, program administrators as well as other stakeholders; and

C. provide standards of eligibility and program administration for individual development account programs in New Mexico.

N.M. Admin. Code § 2.79.1.6

2.79.1.6 NMAC - N, 4/29/2005