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2019 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 18B - Low-Income Housing Trust
Section 58-18B-10 - Conflict with federal requirements.
Universal Citation: NM Stat § 58-18B-10 (2019)
If any part of the Low-Income Housing Trust Act is found to be in conflict with federal requirements that are a prescribed condition to the allocation of federal funds to the state, the conflicting part of that act is inoperative solely to the extent of the conflict and with respect to the agencies directly affected, and this finding does not affect the operation of the remainder of that act in its application to the agencies concerned. The rules adopted pursuant to the provisions of the Low-Income Housing Trust Act shall meet those federal requirements that are a necessary condition to the receipt of federal funds by the state.
History: Laws 1994, ch. 146, ยง 15.
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