§ 5-17-1 Short title
§ 5-17-2 Definitions
§ 5-17-3 Organization of infrastructure development zone;
§ 5-17-4 Public hearing required
§ 5-17-5 Objecting petition; plan to be disapproved
§ 5-17-6 Request for exclusion
§ 5-17-7 Action on petition and service plan; criteria
§ 5-17-8 Approval of service plan; petition granted; election scheduled
§ 5-17-9 Designation of approving authority
§ 5-17-10 Organization election
§ 5-17-11 Filing resolution and service plan
§ 5-17-12 Service area of infrastructure development zones;
§ 5-17-13 Approval by an annexing municipality
§ 5-17-14 Service plan; compliance; modification; enforcement
§ 5-17-15 Inclusion of territory; procedure
§ 5-17-16 Effect of inclusion order
§ 5-17-17 Exclusion of territory
§ 5-17-18 Effect of exclusion order
§ 5-17-19 Dissolution
§ 5-17-20 Elections
§ 5-17-21 Directors; terms; organization of board
§ 5-17-22 General powers
§ 5-17-23 Park and recreational services; additional powers;
§ 5-17-24 Sanitation, water and sanitation or water services;
§ 5-17-25 Subdistricts
§ 5-17-26 Revenues
§ 5-17-27 State capital outlay projects prohibited
§ 5-17-28 General obligation bonds; tax levy; exception
§ 5-17-29 Special assessment; bonds; imposition
§ 5-17-30 Revenue bonds; fees and charges
§ 5-17-31 Term of bonds
§ 5-17-32 Petition for tax reduction; annual financial estimate;
§ 5-17-33 Bonds not obligation of state
§ 5-17-34 Exemption from Community Service District Act and
§ 5-17-35 Cumulative authority
§ 5-17-36 Liberal interpretation

Terms Used In New Mexico Statutes > Chapter 5 > Article 17 - Infrastructure Development Zone

  • Amortization: Paying off a loan by regular installments.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • 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.
  • Dependent: A person dependent for support upon 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.
  • Ex officio: Literally, by virtue of one's office.
  • 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.
  • 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.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. 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.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Oath: A promise to tell the truth.
  • 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.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trustee: A person or institution holding and administering property in trust.