Section 4-60-11 – Bonds made legal investments.
Bonds issued under the provisions of the County Pollution Control Revenue Bond Act shall be legal investments for savings banks and insurance companies organized under the laws of this state and shall be eligible for pledging as collateral for public deposits. History: 1978 Comp., § 4-60-11, enacted by Laws 1978, ch. 181, § 11.
Section 4-60-12 – Exemption from taxation.
The bonds authorized by the County Pollution Control Revenue Bond Act and the income from said bonds, all mortgages or other security instrument [instruments] executed as security for said bonds, all lease agreements made pursuant to the provisions hereof and revenue derived from any lease or sale by the county thereof shall be exempt from […]
Section 4-60-13 – Proceedings for issuance and sale of bonds; no notice or publication required.
Issuance and sale of bonds pursuant to the County Pollution Control Revenue Bond Act shall be authorized by resolution adopted by the governing body of the county issuing said bonds, which resolution shall determine the maximum aggregate principal amount, maximum maturity and maximum interest rate of the bonds to be issued thereunder, and may provide […]
Section 4-60-14 – Construction of act.
Neither the County Pollution Control Revenue Bond Act nor anything herein contained shall be construed as a restriction or limitation upon any powers which a county might otherwise have under any laws of this state, but shall be construed as cumulative; and the County Pollution Control Revenue Bond Act shall not be construed as requiring […]
Section 4-60-15 – Limitation.
Nothing contained in the County Pollution Control Revenue Bond Act shall be construed as repealing or amending the Pollution Control Revenue Bond Act [3-59-1 to 3-59-14 NMSA 1978]. History: 1978 Comp., § 4-60-15, enacted by Laws 1978, ch. 181, § 16.
Section 4-61-1 – Short title.
Chapter 4, Article 61 NMSA 1978 may be cited as the “Small Counties Assistance Act”. History: Laws 1982, ch. 44, § 1; 2003, ch. 217, § 1. ANNOTATIONS The 2003 amendment, effective June 20, 2003, substituted “Chapter 4, Article 61 NMSA 1978” for “Sections 1 through 3 of this act” at the beginning of the […]
Section 4-61-2 – Definitions.
As used in the Small Counties Assistance Act: A. “adjustment factor” means a fraction, the numerator of which is the net taxable value of the state for the property tax year prior to the year in which the amount of small counties assistance is being determined and the denominator of which is the net taxable […]
Section 4-61-3 – Small counties assistance fund; distribution.
A. The “small counties assistance fund” is created within the state treasury. B. On or before September 1, 2003 and on or before September 1 of each subsequent year, the demographer shall certify in writing to the department of finance and administration the population of the state and of each county as of June 30 […]
Section 4-62-1 – Revenue bonds; authority to issue; pledge of revenues; limitation on time of issuance.
A. In addition to any other law authorizing a county to issue revenue bonds, a county may issue revenue bonds pursuant to Chapter 4, Article 62 NMSA 1978 for the purposes specified in this section. B. Gross receipts tax revenue bonds may be issued for any county purpose. A county may pledge irrevocably any or […]
Section 4-62-1.1 – Definitions.
As used in Chapter 4, Article 62 NMSA 1978: A. “bond” means any obligation of a county issued under Chapter 4, Article 62 NMSA 1978, whether designated as a bond, note, loan, warrant, debenture, lease-purchase agreement or other instrument evidencing an obligation of a county to make payments; B. “gasoline tax revenue” means the revenue […]