LawServer Nav Menu

New Mexico Statutes > Chapter 6 > Article 4 – State Funds and Capital Programs

§ 6-4-1 Capital programs; preparation; duties
§ 6-4-2 [General fund created.]
§ 6-4-2.1 General fund operating reserve created; authorizing expenditures
§ 6-4-2.2 General fund tax stabilization reserve
§ 6-4-2.3 Appropriation contingency fund
§ 6-4-2.5 New Mexico recovery and reinvestment fund
§ 6-4-3 State revenue-sharing trust fund created
§ 6-4-4 Transfers between general fund reserves
§ 6-4-6 Expenditures authorized to maintain cash flow
§ 6-4-7 Computer systems enhancement fund; created
§ 6-4-9 Tobacco settlement permanent fund; investment;
§ 6-4-10 Tobacco settlement program fund created; purpose
§ 6-4-11 Tobacco settlement distributions to state; transfer to tobacco settlement permanent fund
§ 6-4-12 Definitions
§ 6-4-13 Requirements. (Contingent repeal.)
§ 6-4-13.1 Severability
§ 6-4-14 Short title
§ 6-4-15 Findings and purpose
§ 6-4-16 Definitions
§ 6-4-17 Certification by tobacco product manufacturer
§ 6-4-18 Directory of tobacco product manufacturers and cigarette brands
§ 6-4-18.1 Bond requirements for newly qualified and elevated risk nonparticipating manufacturers
§ 6-4-19 Maintenance of directory; notice
§ 6-4-20 Agent for service of process
§ 6-4-20.1 Joint and several liability
§ 6-4-21 Reporting of information; escrow installments
§ 6-4-22 Penalties and other remedies
§ 6-4-23 General provisions
§ 6-4-24 Construction of act
§ 6-4-24.1 Attorney general authority; audit and investigation
§ 6-4-24.2 Presumption
§ 6-4-25 Gasoline and home heating relief fund; created
§ 6-4-26 Governor’s contingency fund; created; purpose; audits
§ 6-4-27 Excess extraction taxes suspense fund; transfer of excess oil and gas emergency school tax revenue; tax stabilization reserve; early childhood education and care fund
§ 6-4-27 v2 Excess extraction taxes suspense fund; transfer of excess oil and gas emergency school tax revenue; tax stabilization reserve; early childhood education and care fund; severance tax permanent fund. (Effective July 1, 2024.)
§ 6-4-28 Opioid settlement restricted fund created; administration;
§ 6-4-29 Opioid crisis recovery fund; use of fund money; income to the fund

Terms Used In New Mexico Statutes > Chapter 6 > Article 4 - State Funds and Capital Programs

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • 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.
  • 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.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • 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.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • 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.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Service of process: The service of writs or summonses to the appropriate party.
  • 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.
  • Statute: A law passed by a legislature.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.

New Mexico Statutes > Chapter 6 > Article 4 – Division of Income for Tax Purposes

§ 7-4-1 Short title
§ 7-4-2 Definitions
§ 7-4-3 Allocation and apportionment of income in general
§ 7-4-4 When taxable in another state
§ 7-4-5 Allocation of certain nonbusiness income
§ 7-4-6 Allocation of rents and royalties
§ 7-4-7 Allocation of capital gains and losses
§ 7-4-8 Allocation of interest and dividends
§ 7-4-9 Allocation of patent and copyright royalties
§ 7-4-10 Apportionment of business income
§ 7-4-11 Property factor for apportionment of business income
§ 7-4-12 Valuation of property for inclusion in property factor
§ 7-4-13 Determination of average value of property for inclusion in property factor
§ 7-4-14 Payroll factor for apportionment of business income
§ 7-4-15 Determination of compensation for inclusion in payroll factor
§ 7-4-16 Sales factor for apportionment of business income
§ 7-4-17 Determination of sales in this state of tangible personal property for inclusion in sales factor
§ 7-4-18 Determination of sales in this state of other than tangible personal property for inclusion in sales factor
§ 7-4-19 Equitable adjustment of standard allocation or apportionment
§ 7-4-20 Agreements authorized in unusual cases
§ 7-4-21 Construction of act

Terms Used In New Mexico Statutes > Chapter 6 > Article 4 - Division of Income for Tax Purposes

  • 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
  • Fraud: Intentional deception resulting in injury to another.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • 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.
  • 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
  • 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.