NM Unit definition

NM Unit means the unit or units of the Central Arizona Project in New Mexico to be designed, constructed, operated and maintained by or under the authority of the Secretary as NM Unit and as Authorized Diverter pursuant to sections 301(a)(4) and 304 of the Colorado River Basin Project Act to Consumptively Use water from the Gila River and San Francisco River.
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Examples of NM Unit in a sentence

  • Title to all NM Unit assets owned by the Second Fiscal Agent for the New Mexico CAP Entity shall pass to the legislatively authorized New Mexico CAP Entity in accordance with all governing laws.

  • If the reason for termination is that the New Mexico CAP Entity has become a legislatively-authorized political subdivision of the State, then the ISC, upon approval by the Board of Finance and the New Mexico legislature, as necessary, will turn over to the New Mexico CAP Entity title to any assets the ISC may own related to the NM Unit.

  • Any assets owned by the Second Fiscal Agent at the time of termination of this Agreement related to the NM Unit will be disposed of in accordance with all laws and regulations governing the Second Fiscal Agent, and the proceeds of such disposal will be distributed among all Parties to this Agreement in proportion to their contributions, except the ISC.

  • Any remaining unexpended operating budget funds provided by the ISC from the NM Unit Fund will be returned to the NM Unit Fund.

  • Any assets related to the NM Unit owned or held in trust for the New Mexico CAP Entity by the ISC at the time of termination of this Agreement may be disposed of in accordance with all laws and regulations governing the ISC, upon approval by the Interstate Stream Commission and, if necessary, the New Mexico Board of Finance and the New Mexico legislature.

  • After that date, approved project applications may be funded through the provisions contained in the NM Unit Fund Act.