Section 16-5-7 – Commission powers.
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.
Section 16-5-8 – Definitions.
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.
Section 16-5-9 – Authority of commission to incur indebtedness.
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 […]
Section 16-5-10 – Railroad loan retirement fund.
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 […]
Section 16-5-11 – Authorization to set and collect user fees.
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.
Section 16-5-12 – Tax exemption of interest charged on loan.
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.
Section 16-5-13 – Liberal interpretation.
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.
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 […]