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The Infrastructure Capital Improvement Plan (ICIP) provides a framework for decisions about community growth and development, covers a five year period and is developed and submitted annually. It includes funding time frames, estimated costs, justifications, and the details of each specific infrastructure capital improvement project proposed, by year, over the five year period. The plan includes repair or replacement of existing infrastructure and the development of new infrastructure.
Some general guidelines regarding the projects are:
1) Must have a value of $10,000 and a useful life of at least 10 years;
2) Repair or replacement of existing infrastructure and/or the development of new infrastructure;
3) Not part of the annual budget; and,
4) Project must be owned by the Town.
ICIP Publication - The complete ICIP Publication will be available before the 2023 Legislative Session. The ICIP Publication will include the project summary and the top 5 projects of all participating entities and will be available on the web at: http://nmdfa.state.nm.us/ICIP.aspx.
A notice announcing the ICIP publication is sent to the Governor of New Mexico, all Legislators, Legislative Finance Council, Legislative Council Service, and all participating entities.
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