The 2001 Legislature enacted the Water Project Finance Act which created the Water Project Fund in the NMFA and charged the NMFA with the administration of the Fund and the Water Trust Board. The Water Trust Board is a diverse 16-member Board that recommends to the Legislature and the NMFA projects to be funded through the Water Project Fund.
Under the Act, there are five project types eligible for consideration of financial assistance:
1. Water conservation or recycling, treatment or water reuse projects;
2. Flood prevention projects;
3. Endangered species act (ESA) collaborative projects;
4. Water storage, conveyance or delivery projects;
5. Watershed restoration and management projects.
Qualified entities seeking funding for water projects from the Water Trust Board must submit an application each year even if the project has previously received legislative authorization.
Funding from the Water Project Fund is considered pursuant to the comprehensive Project Management Policies, the Water Trust Board Rules, and the Water Project Finance Act. This information may be downloaded through the Resources box to the right.
If you have any questions regarding the WTB program or WTB application process, please contact:
WTBAdmin@nmfa.net – (505) 984-1454