Water Project Fund

Deadlines: 
Application Training -  August 15, 2024 (virtual)
Project Application Due- September 16, 2024

Eligible Entities:  Local governments (city, county, town, or village), tribal entities, and mutual domestic water associations.  

Description:  ​The Water Project Fund is managed by NMFA and the Water Trust Board to make loans and grants for projects recommended by the Board and Legislature.  The Fund annually receives 9% of Senior Severance Tax Bond (“STB”) proceeds as well as a distribution from the Water Trust Fund.  These monies are used to fund a variety of water projects recommended by the Water Trust Board and authorized by the Legislature. 

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.

Water Project