§ 3-63-1 Short title
§ 3-63-2 Purpose of act
§ 3-63-3 Definitions
§ 3-63-4 District creation; purpose; improvement; authority
§ 3-63-5 District; authority; creation
§ 3-63-6 Creation by petition
§ 3-63-7 Ordinance creating the district
§ 3-63-9 Planning group
§ 3-63-10 Notice and hearing
§ 3-63-11 Management committee; creation; duties
§ 3-63-12 Issuance and sale of bonds
§ 3-63-13 Annual assessment; special account
§ 3-63-14 Assessments; terms of payment; liens; foreclosure
§ 3-63-15 District review
§ 3-63-16 Business improvement benefit fee distribution

Terms Used In New Mexico Statutes > Chapter 3 > Article 63

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • 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
  • 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.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.