§ 58-31-1 Short title
§ 58-31-2 Purpose
§ 58-31-3 Definitions
§ 58-31-4 Spaceport authority created; membership
§ 58-31-5 Authority powers and duties
§ 58-31-6 Spaceport authority; bonding authority; power to issue revenue bonds
§ 58-31-7 Authority loans; terms
§ 58-31-8 Bonds secured by trust indenture
§ 58-31-9 Authority revenue bonds; limitations; authorization;
§ 58-31-10 Security for bonds, notes or certificates of indebtedness
§ 58-31-11 Requirements respecting resolution and lease
§ 58-31-12 Use of proceeds from sale of bonds
§ 58-31-13 Spaceport authority revenue bonds; refunding authorization
§ 58-31-14 Spaceport authority refunding bonds; escrow
§ 58-31-15 Authority refunding revenue bonds; terms
§ 58-31-16 Exemption from taxation
§ 58-31-17 Spaceport authority fund created
§ 58-31-18 Information not subject to inspection

Terms Used In New Mexico Statutes > Chapter 58 > Article 31 - Spaceport Development

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • 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
  • 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.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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.
  • Trustee: A person or institution holding and administering property in trust.