Water Trust Board – Water Project Fund

Under the Water Project Finance Act, NMFA supports the 16-member Water Trust Board and manages the Water Project Fund, which annually receives 9% of senior severance tax bond proceeds and a distribution from the Water Trust Fund. NMFA makes loans and grants for projects recommended by the Water Trust Board and authorized by the Legislature, in categories including water conservation, recycling, treatment and reuse; wastewater; flood prevention; Endangered Species Act collaborative projects;...