New Mexico Statutes 58-18-5.5. Additional powers of authority; authority designated as single state housing authority; application for and receipt of federal funds; administration of housing programs
In addition to the powers granted the authority pursuant to Sections 58-18-5 and 58- 18-5.3 NMSA 1978, the authority:
Terms Used In New Mexico Statutes 58-18-5.5
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A. is designated as the state housing authority for all purposes;
B. shall make application for federal housing funds and programs;
C. shall administer federal and state housing programs and federal tax credit provisions associated with those programs;
D. shall receive and expend funds pursuant to applicable federal housing laws, federal housing regulations, the provisions of the Mortgage Finance Authority Act and regulations adopted pursuant to that act;
E. shall administer the following housing programs that were previously transferred to it by executive order, the provisions of which are ratified:
(1) the federal HOME program;
(2) the federal low-income housing tax credit program; (3) the federal emergency shelter grant programs;
(4) the state homeless program;
(5) the federal and state weatherization programs and that part of the low- income home energy assistance program authorized for weatherization; and
(6) the state safe water program;
F. shall assist with technical consultation in connection with housing components of the community service block grant and community development block grant programs that are administered by the human services department [health care authority department] and the department of finance and administration, respectively; and
G. shall not receive direct appropriations of state funds from the legislature, and, if a program for which the authority is granted the power and has the duty to administer involves the appropriation or expenditure of state funds, the authority is granted specific power to enter into a joint powers agreement with the department of finance and administration pursuant to the Joint Powers Agreements Act N.M. Stat. Ann. § 11-1-1 to 11-1-7.