Section 4-60-9 – Use of proceeds from sale of bonds.
The proceeds from the sale of any bonds issued under authority of the County Pollution Control Revenue Bond Act shall be applied only for the purpose for which the bonds were issued; provided, that any accrued interest and premiums received in any such sale shall be applied to the payment of the principal of or […]
Section 4-60-10 – No contribution by county.
No county shall have the power to pay out of its general funds or otherwise contribute any part of the costs of acquiring a project and shall not have the power to use land already owned by the county, or in which the county has an equity, for construction thereon of a project or any […]
Section 4-60-1 – Short title.
Sections 1 through 17 [4-60-1 to 4-60-15 NMSA 1978] may be cited as the “County Pollution Control Revenue Bond Act”. History: 1978 Comp., § 4-60-1, enacted by Laws 1978, ch. 181, § 1. ANNOTATIONS Cross references. — For article, “The New Mexico Solid Waste Act: A Beginning for Control of Municipal Solid Waste in the […]
Section 4-60-2 – Definitions.
Wherever used in the County Pollution Control Revenue Bond Act, unless a different meaning clearly appears in the context, the following terms, whether used in the singular or plural, shall be given the following respective interpretations: A. “municipality” means any incorporated municipality in New Mexico; B. “county” means any organized or incorporated county in New […]
Section 4-60-3 – Legislative intent.
It is the intent of the legislature by the passage of the County Pollution Control Revenue Bond Act to authorize counties to acquire, own, lease or sell projects for the purpose of reducing, abating or preventing pollution, including, but not limited to, removing pollutants, contaminants or foreign substances from land, air or water, or removing […]