44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999

MAKING APPROPRIATIONS TO ASSIST PERSONS WITH MOBILITY IMPAIRMENT ATTAIN HOME OWNERSHIP IN NEW MEXICO; PROVIDING FOR A JOINT POWERS AGREEMENT.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. Section 58-18-5.5 NMSA 1978 (being Laws 1998, Chapter 63, Section 6) is amended to read:

"58-18-5.5. ADDITIONAL POWERS OF AUTHORITY--AUTHORITY DESIGNATED AS SINGLE STATE HOUSING AUTHORITY--APPLICATION

FOR AND RECEIPT OF FEDERAL FUNDS--ADMINISTRATION OF HOUSING PROGRAMS.--In addition to the powers granted the authority pursuant to Sections 58-18-5 and 58-18-5.3 NMSA 1978, the authority:

A. is designated as the state housing authority for all purposes;

B. shall make application for federal housing funds and programs;

C. shall administer federal and state housing programs and federal tax credit provisions associated with those programs;

D. shall receive and expend funds pursuant to applicable federal housing laws, federal housing regulations, the provisions of the Mortgage Finance Authority Act and regulations adopted pursuant to that act;

E. shall administer the following housing programs that were previously transferred to it by executive order, the provisions of which are ratified:

(1) the federal HOME program;

(2) the federal low-income housing tax credit program;

(3) the federal emergency shelter grant programs;

(4) the state homeless program;

(5) the federal and state weatherization programs and that part of the low-income home energy assistance program authorized for weatherization; and

(6) the state safe water program;

F. shall assist with technical consultation in connection with housing components of the governor's committee on concerns of the handicapped and community service block grant and community development block grant programs that are administered by the human services department and the department of finance and administration, respectively; [and]

G. shall not receive direct appropriations of state funds from the legislature, and, if a program for which the authority is granted the power and has the duty to administer involves the appropriation or expenditure of state funds, the authority is granted specific power to enter into a joint powers agreement with the department of finance and administration pursuant to the Joint Powers Agreements Act; and

H. shall administer a revolving loan fund program, for the purpose of providing down payment loans to persons with mobility impairment seeking to achieve home ownership in New Mexico, under a joint powers agreement with the department of finance and administration."

Section 2. APPROPRIATIONS.--

A. One hundred thousand dollars ($100,000) is appropriated from the general fund to the department of finance and administration for expenditure in fiscal year 2000 to be deposited in a revolving loan fund established by the New Mexico mortgage finance authority for the purpose of making loans to persons with mobility impairment for down payments toward the purchase of homes in New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2000 shall not revert to the general fund.

B. One hundred thousand dollars ($100,000) is appropriated from the general fund to the governor's committee on concerns of the handicapped for expenditure in fiscal year 2000 to contract for technical services to assist persons with mobility impairment to achieve home ownership in New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2000 shall revert to the general fund.