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New Mexico Statutes > Chapter 6 > Article 32 – Small Business Recovery and Stimulus

§ 6-32-1 Short title
§ 6-32-2 Definitions
§ 6-32-3 Small business recovery loan fund; created; funding schedule
§ 6-32-4 Loans; terms
§ 6-32-5 Repayment
§ 6-32-7 Reports; confidentiality

Terms Used In New Mexico Statutes > Chapter 6 > Article 32 - Small Business Recovery and Stimulus

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • 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.
  • 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.
  • 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
  • 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.
  • 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.

New Mexico Statutes > Chapter 6 > Article 32 – Oil and Gas Ad Valorem Production Tax

§ 7-32-1 Title
§ 7-32-2 Definitions
§ 7-32-4 Ad valorem tax levied; collected by division; rate; interest owner’s liability to state; Indian liability
§ 7-32-5 Assessed value; method of determining
§ 7-32-6 Value may be determined by commission; standard
§ 7-32-7 Price increase subject to approval of agency of United
§ 7-32-8 Products on which tax has been levied; regulation by commission
§ 7-32-9 Operator or purchaser to withhold interest owner’s tax; commission may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed
§ 7-32-10 Operator’s report; tax remittance; additional information
§ 7-32-11 Purchaser’s report; tax remittance; additional information
§ 7-32-13 Division shall prepare schedules and forward to assessors; assessor shall deliver schedule to treasurer
§ 7-32-14 Monthly report to department of finance and
§ 7-32-15 Determination of assessed values for taxing districts
§ 7-32-28 Advance payment required

Terms Used In New Mexico Statutes > Chapter 6 > Article 32 - Oil and Gas Ad Valorem Production Tax

  • 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.