New Mexico Statutes 63-9K-6. Connect New Mexico fund created
A. The “connect New Mexico fund” is created in the state treasury. The fund consists of appropriations, gifts, grants and donations. Money in the fund is subject to appropriation by the legislature to the council for the purpose of administering the broadband grant program. Disbursements from the fund shall be made upon warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the chair of the council. Any unexpended or unencumbered balance in the fund remaining at the end of any fiscal year shall not revert to the general fund.
Terms Used In New Mexico Statutes 63-9K-6
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
B. The broadband office shall implement a grant program to develop and expand broadband infrastructure and services and support digital inclusion; provided that the broadband office shall each year seek to award grants for proposals submitted by the following entities throughout the state:
(1) local governments; (2) state agencies;
(3) public educational institutions; (4) tribal governments;
(5) entities created by a joint powers agreement pursuant to the Joint Powers Agreements Act; and
(6) private entities for broadband infrastructure to provide service primarily for residential purposes.
C. When approving grants from the connect New Mexico fund, the broadband office shall give consideration to:
(1) the extent to which the project connects unserved and underserved populations of New Mexico, with priority given to projects that will connect unserved populations;
(2) the extent to which the project meets or exceeds the baseline standards established by the federal communications commission;
(3) the extent to which the project leverages existing infrastructure;
(4) the extent to which the project complements or coordinates with the statewide broadband plan;
(5) the extent to which the project leverages regional collaboration; (6) the degree to which the project fosters digital inclusion;
(7) the extent to which the project stimulates in-state economic development, including the creation of jobs and apprenticeships;
(8) the extent to which the project leverages in-kind or financial support from local agencies or entities, federal assistance funding or federal Coronavirus Aid, Relief, and Economic Security Act, federal Consolidated Appropriations Act, 2021 or federal American Rescue Plan Act of 2021 funding; and
(9) for a grant award to a private entity, the extent to which the grantee contributes matching funds or in-kind support for the project, the number of existing residences to which internet services would be made available as a percentage of the total number of existing locations to which internet services would be made available by the project and the extent to which the project fosters digital equity.