2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 28 - Indian Capital Outlay
Section 6-28-2 - Fiscal agents for Navajo Nation projects.
The state recognizes the chapters of the Navajo Nation as local tribal entities having the capability and capacity to apply for and implement capital improvement projects. The state also recognizes as local tribal entities those nonprofit entities organized under the supervision of tribal governments whose mission or objective is to provide education and other basic services and who may apply for and implement capital improvement projects. Therefore, the state may contract through a fiscal agent other than the Navajo Nation for the expenditure of state funds on behalf of local tribal entities of the Navajo Nation. Unless otherwise negotiated, an administrative fee of no more than five percent of a project's cost may be charged by the entity that serves as fiscal agent.
History: Laws 2006, ch. 105, § 2.
ANNOTATIONSCross references. — For rights-of-way agreements with the Navajo Nation, see 11-17-1 NMSA 1978.
Emergency clauses. — Laws 2006, ch. 105, § 9 contained an emergency clause and was approved March 7, 2006.
