New Mexico Statutes > Chapter 6 > Article 19 – Economic Advancement Districts


§ 6-19-1	Short title
§ 6-19-2	Definitions
§ 6-19-3	Legislative intent
§ 6-19-4	Creation of economic advancement districts
§ 6-19-5	Board of trustees; organization; terms; vacancies; removal
§ 6-19-6	Board of trustees; compensation; payment authority; bond
§ 6-19-7	Board of trustees; powers
§ 6-19-8	Board of trustees; duties
§ 6-19-9	General obligation bonds
§ 6-19-10	General obligation bonds; interest; maturities
§ 6-19-11	General obligation bonds; imposition of tax
§ 6-19-12	Refunding bonds
§ 6-19-13	Revenue bonds
§ 6-19-14	Security for revenue bonds
§ 6-19-15	Requirements respecting lease
§ 6-19-16	Revenue bonds; refunding
§ 6-19-17	Nature of all bonds issued pursuant to act
§ 6-19-18	Dissolution of district

Terms Used In New Mexico Statutes > Chapter 6 > Article 19 - Economic Advancement Districts

Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Bequest: Property gifted by will.
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.
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}
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.
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.
Statute: A law passed by a legislature.


§ 7-19-10	Short title
§ 7-19-11	Definitions
§ 7-19-12	Authorization to impose supplemental municipal gross receipts tax; authorization for issuance of supplemental municipal gross receipts bonds; election required
§ 7-19-13	Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the division
§ 7-19-14	Specific exemptions
§ 7-19-15	Collection by department; transfer of proceeds;
§ 7-19-16	Interpretation of act; administration and enforcement of tax
§ 7-19-17	Issuance of bonds; purposes
§ 7-19-17.1	Refunding bonds; authorization
§ 7-19-18	Supplemental municipal gross receipts tax; use of proceeds; restriction

Authorization to impose supplemental municipal gross receipts tax; authorization for issuance of supplemental municipal gross receipts bonds; election required

§ 7-19-13

Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the division

§ 7-19-14

Specific exemptions

§ 7-19-15

Collection by department; transfer of proceeds;