- A. If public support is provided for an essential services project, the division shall enter into a project participation agreement with the local or regional government pursuant to this section.
B. A project participation agreement shall set out, at a minimum:
- (1) a description of the public support to be provided for the essential services project;
- (2) a schedule for project development and completion, including measurable goals and time limits for those goals;
- (3) provisions for performance review and actions to be taken upon a determination that project performance is unsatisfactory; and
- (4) a description of how the local or regional government will safeguard public money or other resources provided as public support for the essential services project.
History: Laws 2025, ch. 125, § 10.
ANNOTATIONS
Effective dates. — Laws 2025, ch. 125 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 20, 2025, 90 days after adjournment of the legislature.