New Mexico Register / Volume XXXVII,
Issue 11 / June 9, 2026
NOTICE
OF RULEMAKING
The Department of
Finance and Administration, Local Government Division, has scheduled a public
hearing for the proposed New Mexico Administrative Code (NMAC) rule 2.91.1, Grant
Management and Oversight Requirements. The proposed rule seeks to:
* Establish Rules and Standards for
the Public Finance Accountability Act
Notice Date: June 9,
2026
Hearing Date: July
9, 2026
Adoption Date:
Proposed as July 28, 2026
Technical
Citations: 2.91.1, NMAC
The Department
proposes the new rule as follows:
The proposed rule
outlines the various duties of the Department, local public bodies, and state
agencies regarding grants and special appropriations administered under the
Public Finance Accountability Act. The
rule supplements the state’s model accounting practices and provides funding
criteria, clearance requirements for special conditions/fiscal agent
requirements, grant management /oversight requirements, force majeure request
procedures, and corrective action funding request procedures.
These proposed
rule will be contained in 2.91.1 NMAC. The
register and the proposed rule are available on the DFA website at https://www.nmdfa.state.nm.us/ . If you do not have internet access, a copy of
the proposed register and rule may be requested by contacting DFA’s General
Counsel’s officer at dfalegal@dfa.nm.gov.
The DFA plans to
adopt this rule July 28, 2026.
A public hearing
to receive testimony on this proposed rule will be held on July 9, 2025, at 9:30
a.m. The hearing will be held at the New
Mexico Public Education Department, Marbry Hall Auditorium, 300 Don Gaspar Avenue,
Santa Fe, New Mexico, 87501, and via Microsoft Teams.
Join Microsoft
Teams Meeting
Link: https://teams.microsoft.com/meet/212008478509790?p=2gffVgKuzBB6h3CRoI
Meeting ID: 212 008 478 509
790
Passcode:Qb73wK9v
If you are a
person with a disability and you require this information in an alternative
format or require a special accommodation to participate in the public hearing,
please contact our staff to discuss your accessibility needs at least one week
prior, or as soon as possible, by emailing the Department of Finance and
Administration, General Counsel Office at: dfalegal@dfa.nm.gov or 505-827-3985.
DFA will make
copies of all comments available upon request, either by providing copies
directly to a requestor or by making them available on the DFA website or at a
location within the requestor's county. Interested
persons may address written comments to:
Department
of Finance and Administration, Financial Control Division
ATTN:
2.42.2 NMAC Public Comments
407
Galisteo St.
Bataan
Memorial Building
Santa
Fe, NM 87501
Recorded comments
may be left at (505) 827-3985. Interested
persons may also address comments via electronic mail to: dfalegal@dfa.nm.gov. Written mail,
electronic mail, and recorded comments must be received no later than 5:00 p.m.
MT on July 9, 2026. Written and recorded
comments will be given the same consideration as oral testimony made at the
public hearing. All written comments
received will be posted as they are received on the DFA website at https://www.nmdfa.state.nm.us/
along with the applicable register and rule. The public posting will include the name and
any contact information provided by the commenter.