Program
Water Project Fund
Water Project Fund
Types of Assistance Available
Engineering, Technical, or Hydrological Services
Geospatial Mapping Services
Accounting, Legal, or Facilitator Services
The Water Project Fund/Technical Assistance Program (TAP) has free professional assistance available for water and wastewater systems in need of planning that do not have the financial means to pay for these services on their own.
TAP focuses its efforts on facilitating regionalization and individual system planning. The main objective is to help water and wastewater utilities become more cost efficient while making necessary improvements to water infrastructure by supporting regionalization, individual system planning, and technical support of the execution of water projects. A key priority of this $3.5 million program is to ensure that small and disadvantaged communities benefit equitably. Funds are awarded on a first-come, first-served basis.
The assistance provided by TAP is free, and the process is designed to be simple and streamlined for water and wastewater systems. NMFA will provide oversight and manage the respective contracts, develop scopes of work and deliverables, establish contract amounts and timelines, and pay contractors directly based upon completed deliverables.
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About the Water Project Fund
Pursuant to the Water Project Finance Act, NMFA provides administrative support to the 16-member Water Trust Board and manages the Water Project Fund on its behalf. NMFA makes loans and grants for projects recommended by the Water Trust Board and authorized by the Legislature. With a reliable revenue stream to fund applications annually and a transparent set of policies that guide applicants, the Water Trust Board has become an increasingly sought-after source of funding for a variety of water projects statewide.
The Water Project Fund annually receives 9% of Senior Severance Tax Bond (“STB”) proceeds as well as a distribution from the Water Trust Fund. These monies are used to fund a variety of water projects recommended by the Water Trust Board and authorized by the Legislature. Water Trust Board awards are a combination of grants and loans, based upon the financial capacity of the applicants.
Under the Act, there are five project types eligible for consideration of financial assistance:
- Water conservation or recycling, treatment or water reuse projects;
- Flood prevention projects;
- Endangered Species Act (ESA) collaborative projects;
- Water storage, conveyance or delivery projects;
- Watershed restoration and management projects.
New Mexico Unit Fund Planning and Design Grant Application (Pilot Program).
If you have any questions about the application or the application process, please contact Susan Rodriguez at srodriguez@nmfa.net or (505) 984-1454. The NMISC encouraged all eligible entities to apply for funding through the Pilot Cycle.