New Mexico Finance Authority

Description:this Agreement Provides Funding to New Mexico Finance Authority. Section 1452 of the Safe Drinking Water Act (SDWA) and Infrastructure Investment and Jobs Act (IIJA) Public Law (PL) 117-58 Authorizes the State to Utilize Funds to Further the Health Protection Objectives of Sdwa. This Agreement Will Provide Funds to Capitalize the Recipient's Drinking Water State Revolving Fund (dwsrf). as Part of This Agreement, the State Ensures Compliance With Federal and State Regulations, Which Are Designed to Protect Public Health. Activities:the Bulk of the State Revolving Fund (SRF) Will Be Used for Loans and Other Authorized Assistance to Public Water Systems for Eligible Projects, Including Improving Drinking Water Treatment, Water Distribution, Improving Source of Water Supply, Replacing or Constructing Finished Water Storage Tanks, and Other Infrastructure Projects Needed to Protect Public Health. the Recipient May Also Use Some of the Funding for Specific 'set-asides'; to Provide Technical Assistance to Small Systems, Program Administration, State Program Management and Other Allowable Uses.subrecipient:for the State Revolving Fund Programs, Loans Issued to Municipalities Are Considered Subawards. However, the Grantee Will Issue These as Loans and Not Grants, Even in the Case of Subsidy.outcomes:the Benefits of This Grant Will Be to Capitalize the Recipient's Drinking Water State Revolving Fund (dwsrf). the Fund Can Then Be Used to Increase Technical, Financial and Managerial Capacity of Public Water Systems, and Provide Assurance of a Cleaner and Safer Potable Water Supply by Funding Improvements to Multiple Water Infrastructure Projects. These Public Health Benefits Will Be Statewide.