The legislature hereby approves and the governor is authorized to enter into a compact on behalf of this state with the state of Colorado in the form substantially as follows: CUMBRES AND TOLTEC SCENIC RAILROAD COMPACT The state of New Mexico and the state of Colorado, desiring to provide for the joint acquisition, ownership and […]
Sections 16-5-1 through 16-5-7 NMSA 1978 and Sections 1 through 7 of this act [16-5-1.1, 16-5-8 tp 16-5-13 NMSA 1978] may be cited as the “Cumbres and Toltec Scenic Railroad Act”. History: Laws 1989, ch. 26, § 1. ANNOTATIONS
A. There is created the “railroad loan retirement fund”. Railroad user fees authorized pursuant to the Cumbres and Toltec Scenic Railroad Act may be deposited in the fund by the commission. The commission shall by resolution authorize the placement of the fund in an appropriate financial institution and shall also authorize the investment of money […]
The commission may establish user fees to be charged to passengers on the railroad. The fee schedule may provide for different fees for different classes of passengers. History: Laws 1989, ch. 26, § 5.
Any interest charged and collected by a financial institution for extending a loan to the commission is exempt from all taxes imposed by the state and its political subdivisions. History: Laws 1989, ch. 26, § 6.
The Cumbres and Toltec Scenic Railroad Act [16-5-1 to 16-5-13 NMSA 1978] shall be liberally construed to carry out its purpose. History: Laws 1989, ch. 26, § 7.
The legislature hereby ratifies the “Cumbres and Toltec Scenic Railroad Compact” as it is set forth in Section 16-5-1 NMSA 1978 (being Laws 1972, Chapter 19, Section 1) signed at the city and county of Santa Fe, state of New Mexico, on the 11th day of December, A.D. 1974, by Bruce King, as governor of […]
There is created the “Cumbres and Toltec scenic railroad commission,” an interstate agency authorized by the Cumbres and Toltec Scenic Railroad Compact. The commission shall be composed of four members, two of whom serve for the state of New Mexico and two of whom serve for the state of Colorado. History: 1953 Comp., § 69-12-5, […]
The two New Mexico members of the Cumbres and Toltec scenic railroad commission shall be appointed by the governor and shall serve at his pleasure. The members shall be reimbursed as provided in the Per Diem and Mileage Act [10-8-1 to 10-8-8 NMSA 1978], but shall receive no other compensation, perquisite or allowance. History: 1953 […]
The New Mexico share of the expenses of the commission and the reimbursement of the New Mexico members may be paid out of funds appropriated by the legislature and other revenue and user fees collected pursuant to Section 16-5-11 NMSA 1978 not needed for railroad loan retirement. Fees and revenues collected by the commission are […]
The Cumbres and Toltec scenic railroad commission is exempt from compliance with the Personnel Act [Chapter 10, Article 9 NMSA 1978] and the Public Purchases Act. History: 1953 Comp., § 69-12-8, enacted by Laws 1977, ch. 350, § 5. ANNOTATIONS Compiler’s notes. — Former 13-1-1 NMSA 1978 was the short title for the Public Purchases […]
The Cumbres and Toltec scenic railroad commission shall have all powers necessary to effectuate the provisions of the Cumbres and Toltec Scenic Railroad Compact. History: 1953 Comp., § 69-12-9, enacted by Laws 1977, ch. 350, § 6.
As used in the Cumbres and Toltec Scenic Railroad Act [16-5-1 to 16-5-13 NMSA 1978]: A. “commission” means the Cumbres and Toltec scenic railroad commission; and B. “railroad” means the Cumbres and Toltec scenic railroad. History: Laws 1989, ch. 26, § 2.
A. The commission has authority to incur indebtedness for the following purposes: (1) expenditures to make emergency repairs, replacements or additions to the railroad’s equipment or facilities; and (2) capital expenditures for development, improvement and acquisition of facilities and equipment for the railroad. B. Before the authority to incur indebtedness may be exercised, a majority […]
