Section 16-6-13 – [Additional powers of fair commission; definitions.]
The following terms, wherever used or referred to in this act [16-6-13 to 16-6-22 NMSA 1978], shall have the following meaning unless a different meaning clearly appears from the context: A. the term “bonds” shall mean any bonds of the New Mexico state fair issued pursuant to this act; B. the term “project” shall mean […]
Section 16-6-14 – [Creating New Mexico state fair, a separate and independent legal entity.]
The New Mexico state fair, is hereby constituted and confirmed a body politic and corporate and separate and confirmed as a governmental instrumentality for the purpose of carrying out the provisions of Chapter 46, Laws of 1913 (Sections 16-6-1 to 16-6-4, 16-6-6 to 16-6-9, 16-6-11, 16-6-12 NMSA 1978), and all amendments thereto and the provisions […]
Section 16-6-15 – Additional powers.
In addition to the powers that it may now have, the New Mexico state fair shall have power to: A. acquire, by purchase, gift or the exercise of the right of eminent domain, and hold and dispose of real or personal property or rights or interests therein except as limited by Section 13-6-2.1 NMSA 1978, […]
Section 16-6-16 – Issuance of negotiable bonds; terms.
The New Mexico state fair, with the prior approval of the state board of finance, is authorized from time to time to issue negotiable bonds. The bonds shall be authorized by resolution of the state fair commission. The bonds may be issued in one or more series, may bear such date or dates, may be […]
Section 16-6-17 – Powers to secure bonds.
New Mexico state fair in connection with the issuance of the bonds, or in order to secure the payment of such bonds and interest thereon, shall have power by resolution of its commission: A. to fix and maintain fees, rentals and other charges, of stalls, rentals of pens, rentals of space for concessions, automobile parking […]
Section 16-6-1 – State fair commission; members; appointment; number; qualification; terms; oath; bond.
A. The governor shall appoint, with the advice and consent of the senate, a “state fair commission”, consisting of seven members, for terms of five years each; provided that the first appointments shall be made of two commissioners for one-year terms, two for two-year terms, one for a three-year term, one for a four-year term […]
Section 16-6-2 – [Payment of premiums on bonds.]
The premiums on all bonds required to be furnished by the officers or members of the said commission shall be paid out of the funds of the said commission. History: Laws 1913, ch. 46, § 14; Code 1915, § 5006; C.S. 1929, § 127-102; 1941 Comp., § 48-2102; 1953 Comp., § 45-20-2.
Section 16-6-3 – Disqualification of commissioners; organization of commission; secretary and treasurer.
A. If any state fair commissioner changes his residence to any place outside the state, such change of residence shall operate ipso facto to vacate the office he holds. B. The secretary and treasurer shall qualify by furnishing the commission with a good and sufficient bond pursuant to the Surety Bond Act [10-2-13 to 10-2-16 […]
Section 16-6-3.1 – Budget review requirements.
Beginning with the eighty-third fiscal year, the state fair commission is required to submit to the department of finance and administration for review a monthly budget status report, a list of all checks issued and all supporting documentation for each expenditure. History: 1978 Comp., § 16-6-3.1, enacted by Laws 1994, ch. 143, § 6.
Section 16-6-4 – Powers and duties of commission; annual fair; exhibits; premiums.
A. The state fair commission shall have power and authority to hold annually on suitable grounds a state fair at which shall be exhibited livestock, poultry, vegetables, fruits, grains, grasses and other farm products, minerals, ores and other mining exhibits, mining machinery and farm implements and all other things that the commissioners or a majority […]