This tutorial is to assist persons making application to the Water Trust Board for project funding. Pursuant to the Water Project Finance Act, the New Mexico Finance Authority (NMFA) provides administrative support to the 16-member Water Trust Board and manages the Water Project Fund. On behalf of the Legislature, the NMFA makes loans and grants for projects recommended by the Water Trust Board. 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 proceeds as well as a distribution from the Water Trust Fund. Water Trust Board awards are a combination of grants and loans, based upon the financial capacity of the applicants.

Links to NMFA information regarding Water Trust Funding: https://www.nmfinance.com/water-project-fund/
Slide Deck from the training provided to the NMFA applicants: https://www.nmfinance.com/wp-content/uploads/2023/08/OSE_WTB-compliance-presentation_2024.pdf