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New Mexico Statutes > Chapter 6 > Article 27 – Affordable Housing Act

§ 6-27-1 Short title
§ 6-27-2 Purpose
§ 6-27-3 Definitions
§ 6-27-4 Eligibility requirements; non-individual and individual qualifying grantees
§ 6-27-5 State, county, municipalities, instrumentalities of the state and the authority; authorization for affordable housing
§ 6-27-6 Requirement for specific law authorizing a housing assistance grant from state
§ 6-27-7 Requirement for enactment of an ordinance by a county or a municipality and review by the authority authorizing housing assistance grants
§ 6-27-8 Provisions to ensure successful completion of affordable housing projects; sale after foreclosure
§ 6-27-9 Investigation of Affordable Housing Act violations;

Terms Used In New Mexico Statutes > Chapter 6 > Article 27 - Affordable Housing Act

  • 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.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • 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.
  • 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
  • Grantor: The person who establishes a trust and places property into it.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Venue: The geographical location in which a case is tried.

New Mexico Statutes > Chapter 6 > Article 27 – Severance Tax Bonding Act

§ 7-27-1 Short title
§ 7-27-2 Severance tax bonding fund created
§ 7-27-3 Severance tax permanent fund created
§ 7-27-3.1 Transfer of investment powers
§ 7-27-3.2 Definition
§ 7-27-3.3 Severance tax permanent fund; annual distributions
§ 7-27-5 Investment of severance tax permanent fund
§ 7-27-5.3 Conventional mortgage pass-through securities
§ 7-27-5.4 New Mexico business investments
§ 7-27-5.5 Educational loan notes
§ 7-27-5.13 Educational institution research and development facilities revenue bonds
§ 7-27-5.14 Findings and purpose
§ 7-27-5.15 New Mexico private equity funds and New Mexico business investments
§ 7-27-5.17 Employers mutual company revenue bonds
§ 7-27-5.18 Purpose
§ 7-27-5.19 Deposits in New Mexico financial institutions; limitations
§ 7-27-5.20 Deposits in New Mexico credit unions
§ 7-27-5.21 New Mexico lottery revenue bonds
§ 7-27-5.22 Severance tax permanent fund; investment in obligations issued under Section 33-1-19 NMSA 1978 for corrections facilities
§ 7-27-5.24 Severance tax permanent fund; investment in obligations issued for state capitol buildings and renovations
§ 7-27-5.26 Investment in films to be produced in New Mexico
§ 7-27-5.27 Local government emergency economic relief
§ 7-27-6 Severance tax bonding fund pledged
§ 7-27-7 Special income to retire bonds
§ 7-27-8 Transfer of money to severance tax permanent fund
§ 7-27-9 Bonds to be known as severance tax bonds and supplemental severance tax bonds
§ 7-27-10 State board of finance shall issue bonds
§ 7-27-10.1 Transfer to severance tax permanent fund before determining bonding capacity; authorization for severance tax bonds; priority for water projects and tribal infrastructure projects
§ 7-27-10.2 Transfer to severance tax permanent fund before determining bonding capacity
§ 7-27-11 Authority to refund bonds
§ 7-27-12 When severance tax bonds to be issued
§ 7-27-12.1 Severance tax bonds; purpose for which issued;
§ 7-27-12.2 Supplemental severance tax bonds; public school capital outlay and other projects
§ 7-27-12.3 Administration of certain bond proceeds appropriated to the public school capital outlay fund
§ 7-27-12.4 Authorization for severance tax bonds for severance tax transportation fund; appropriation of proceeds
§ 7-27-12.5 Authorization for severance tax bonds; priority for infrastructure projects for colonias
§ 7-27-14 Amount of tax; security for bonds
§ 7-27-15 Majority approval necessary for board action
§ 7-27-16 Form of bonds
§ 7-27-17 Execution of bonds
§ 7-27-18 Procedure for sale of bonds
§ 7-27-19 Severance tax bonds and supplemental severance tax bonds legal investments
§ 7-27-20 Expenses paid from severance tax bonding fund
§ 7-27-21 Treasurer to make bond payments and keep records
§ 7-27-22 Severance tax bonding act to be full authority for issuance of bonds
§ 7-27-23 Suit may be brought to compel performance of officers
§ 7-27-24 Bonds tax free
§ 7-27-25 No impairment of obligation of contract
§ 7-27-26 Severance tax bonding fund continued
§ 7-27-27 Purpose and intent
§ 7-27-31 Severance tax income bond retirement fund created
§ 7-27-32 Severance tax income bond retirement fund pledged
§ 7-27-42 Severance tax income bonds; legal investments
§ 7-27-43 Expenses paid from severance tax income bond retirement fund
§ 7-27-44 Treasurer to make bond payments and keep records
§ 7-27-46 Suit may be brought to compel performance of officers
§ 7-27-47 Bonds tax-free
§ 7-27-48 Temporary provision; no impairment of obligation of contract
§ 7-27-49 Authorization for severance tax bonds; New Mexico mortgage finance authority; New Mexico housing trust fund

Terms Used In New Mexico Statutes > Chapter 6 > Article 27 - Severance Tax Bonding Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • 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
  • 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
  • Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto).
  • 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.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • 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.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC