§ 4-59-1 Short title
§ 4-59-2 Definitions
§ 4-59-3 Legislative intent
§ 4-59-4 Additional powers conferred on counties
§ 4-59-4.1 Notice
§ 4-59-4.2 Electric transmission projects; payments to the state
§ 4-59-5 Bonds issued to finance projects
§ 4-59-6 Security for bonds
§ 4-59-7 Requirements respecting lease
§ 4-59-8 Refunding bonds
§ 4-59-9 Use of proceeds from sale of bonds
§ 4-59-9.1 Procedure for issuing industrial revenue bonds or refunding bonds
§ 4-59-10 No contribution by county
§ 4-59-11 Bonds made legal investments
§ 4-59-12 Exemption from taxation
§ 4-59-13 Construction of act
§ 4-59-14 No notice or publication required
§ 4-59-15 State board of finance
§ 4-59-16 Liberal interpretation

Terms Used In New Mexico Statutes > Chapter 4 > Article 59 - County Industrial Revenue Bonds

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Dependent: A person dependent for support upon another.
  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • 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.
  • Trustee: A person or institution holding and administering property in trust.
  • Veto: The procedure established under the Constitution by which the President/Governor refuses to approve a bill or joint resolution and thus prevents its enactment into law. A regular veto occurs when the President/Governor returns the legislation to the house in which it originated. The President/Governor usually returns a vetoed bill with a message indicating his reasons for rejecting the measure. In Congress, the veto can be overridden only by a two-thirds vote in both the Senate and the House.