New Mexico Statutes > Chapter 6 > Article 15A – Education Technology Equipment


§ 6-15A-1	Short title
§ 6-15A-2	Purpose
§ 6-15A-3	Definitions
§ 6-15A-4	Notice of proposed lease-purchase arrangements
§ 6-15A-5	School budget planning unit of the state department of public education to furnish information, transcripts of proceedings and disposition
§ 6-15A-6	Tax levy for payment of lease-purchase agreement
§ 6-15A-7	Lease-purchase arrangements; terms
§ 6-15A-8	Authorizing lease-purchase of education technology equipment; preliminary resolution; contents; notice; final resolution of approval
§ 6-15A-9	Publication of notice; validation; limitation of action
§ 6-15A-10	Refunding or refinancing lease-purchase arrangements
§ 6-15A-11	Agreement of the state
§ 6-15A-12	Legal investments for public officers and fiduciaries
§ 6-15A-13	Tax exemption
§ 6-15A-14	Cumulative and complete authority
§ 6-15A-15	Liberal interpretation
§ 6-15A-16	Severability
§ 6-15A-17	Charter schools; receipt of education technology equipment

Escrow: Money given to a third party to be held for payment until certain conditions are met.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Personal property: All property that is not real property.
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.


§ 7-15A-1	Short title
§ 7-15A-2	Definitions
§ 7-15A-3	Imposition of weight distance tax
§ 7-15A-4	Responsibility for payment of tax
§ 7-15A-5	Exemption from tax
§ 7-15A-6	Tax rate for motor vehicles other than buses; reduction of rate for one-way hauls
§ 7-15A-7	Tax rate for buses
§ 7-15A-8	Mileage and weights to be used for computing tax
§ 7-15A-9	Weight distance tax; payment to department; record- keeping requirements
§ 7-15A-12	Weight distance tax identification permits; suspension and renewal
§ 7-15A-13	Weight distance tax identification permit administrative fee
§ 7-15A-14	Weight distance tax identification permit fund
§ 7-15A-15	Taxpayers of weight distance tax; surety bond required;
§ 7-15A-16	Civil penalties; under-mileage reporters; under-weight reporters

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

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