2009 New Mexico Statutes
Chapter 72 - Water Law.
Article 4A - Water Project Finance
Section 72-4A-5 - Board; duties.

72-4A-5. Board; duties.

The board shall:   

A.     adopt rules governing terms and conditions of grants or loans recommended by the board for appropriation by the legislature from the water project fund, giving priority to projects that have urgent needs, that have been identified for implementation of a completed regional water plan that is accepted by the interstate stream commission and that have matching contributions from federal or local funding sources;   

B.     authorize qualifying water projects to the authority that are for:   

(1)     storage, conveyance or delivery of water to end users;   

(2)     implementation of federal Endangered Species Act of 1973 collaborative programs;   

(3)     restoration and management of watersheds;   

(4)     flood prevention; or   

(5)     water conservation; and   

C.     create a drought strike team to coordinate responses to emergency water shortages caused by drought conditions.