N.M. Admin. Code § 20.7.2.203

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

Section 20.7.2.203 - LOAN AND GRANT DISBURSEMENT REQUIREMENTS

A. Interim loan disbursements to pay for contracted engineering services and other professional services may be made prior to approval of the plans and specifications by the department.

B. Interim and final loan and grant disbursements may be made by the department on a monthly basis as work is progressing.

C. The above loan and grant disbursements shall be made provided the local authority receiving RIA funds has complied with the requirements of these regulations and the department's administrative procedures.

N.M. Admin. Code § 20.7.2.203

20.7.2.203 NMAC - Rp, 20 NMAC 7.2.203, 10/31/2001