§ 7

N.M. Code R. § 2.110.2.7

Definitions

Effective Jul 29, 2025State of New Mexico
  1. A. Definitions beginning with “A”: “Asset management” means a systematic process of maintaining, upgrading, and operating physical assets cost-effectively. It combines engineering principles with sound business practices and economic theory, and it provides tools to facilitate a more organized, logical approach to decision making. It is a planning process that ensures the most value from each asset with a plan to rehabilitate and replace them when necessary. An accurate and up-to-date asset management plan will help communities comply with the government accounting standards board's statement #34 (GASB 34), an accounting standard for publicly owned systems.
  2. B. Definitions beginning with “B”: [RESERVED]
  3. C. Definitions beginning with “C”:
  4. (1) “CDBG” means the small cities community development block grant program.
  5. (2) “Council” means the New Mexico community development council.
  6. (3) “Council of governments” means a regional association of municipalities, counties and special districts formed to provide planning and other services to its member organization.

  7. D. Definitions beginning with “D”:

    1. (1) “Department” means the department of finance and administration.
  8. (2) “Division” means the infrastructure planning and development division.
  9. E. Definitions beginning with “E”: [RESERVED]
  10. F. Definitions beginning with “F”: “Federal rules” means code of federal regulations, housing and urban development 24 CFR Part 570 which governs the CDBG program.
  11. G. Definitions beginning with “G”: [RESERVED]
  12. H. Definitions beginning with “H”: [RESERVED]
  13. I. Definitions beginning with “I”: “ICIP” means an infrastructure capital improvement plan. An ICIP is a planning document developed by a unit of local government, water association, or land grant/merced that includes capital improvement priorities over a five year period and is developed and updated annually. An ICIP includes policy direction, funding time frames, estimated costs, justifications, and details of each specific infrastructure capital improvement project proposed, by year, over the five year period.
  14. J. Definitions beginning with “J”: [RESERVED]
  15. K. Definitions beginning with “K”: [RESERVED]
  16. L. Definitions beginning with “L”:
  17. (1) “Land grant/merced” means a political subdivision of the state organized under Section 49-1-1 through 49-1-23 NMSA 1978, Land Grants General Provisions.
  18. (2) “Low and moderate income person” means a member of a household whose income would qualify as “very low income” under the Section 8 housing assistance payments program. Section 8 limits are based on fifty percent of the county median income. Similarly, CDBG moderate income is based on Section 8 “lower income” limits, which are generally tied to eighty percent of the county median low and moderate income.
  19. M. Definitions beginning with “M”: [RESERVED]
  20. N. Definitions beginning with “N”: “Non-rural” means a county or an incorporated municipality that does not meet the definition of rural.
  21. O. Definitions beginning with “O”: [RESERVED]
  22. P. Definitions beginning with “P”: [RESERVED]
  23. Q. Definitions beginning with “Q”: [RESERVED]
  24. R. Definitions beginning with “R”: “Rural” means a county with a population of less than 25,000 and an incorporated municipality with a population of less than 3,000. For purposes of determining population a unit of local government, water association, or land grant/merced must use Attachment I at the end of 2.110.2 NMAC.
  25. S. Definitions beginning with “S”:
  26. (1) “SBA” means the United States small business administration.
  27. (2) “Set-aside” means a portion of all CDBG funding received by the CDBG program that is annually allocated by the council to be used only for certain set-aside categories that are chosen by the council.
  28. T. Definitions beginning with “T”: [RESERVED]
  29. U. Definitions beginning with “U”: “Units of local government” means an incorporated municipality or county.
  30. V. Definitions beginning with “V”: [RESERVED]
  31. W. Definitions beginning with “W”: “Water association” means political subdivisions of the state organized under Section 3-29-1 through Section 3-29-20 NMSA 1978, the “Sanitary Projects Act” or Section 73-21-1 through Section 73-21-55 NMSA 1978, the “Water and Sanitation District Act”.
  32. X. Definitions beginning with “X”: [RESERVED]
  33. Y. Definitions beginning with “Y”: [RESERVED]
  34. Z. Definitions beginning with “Z”: [RESERVED]

[2.110.2.7 NMAC - Rp, 2 110.2.7 NMAC, 7/29/2025]

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