Section 6-21D-7 – Energy efficiency bonds authorized; conditions; procedure.
A. The authority is authorized to issue and sell from time to time revenue bonds, known as “energy efficiency bonds”, in an amount outstanding at any one time not to exceed twenty million dollars ($20,000,000), payable solely from the fund, in compliance with the Energy Efficiency and Renewable Energy Bonding Act and the New Mexico […]
Section 6-21D-8 – Energy Efficiency and Renewable Energy Bonding Act is full authority for issuance of bonds; bonds are legal investments.
A. The Energy Efficiency and Renewable Energy Bonding Act and the New Mexico Finance Authority Act [Chapter 6, Article 21 NMSA 1978] shall, without reference to any other act of the legislature, be full authority for the issuance and sale of energy efficiency bonds, which bonds shall have all the qualities of investment securities under […]
Section 6-21D-9 – Bonds tax exempt.
All energy efficiency bonds shall be exempt from taxation by the state or any of its political subdivisions. History: Laws 2005, ch. 176, § 9. ANNOTATIONS Effective dates. — Laws 2005, ch. 176, § 13 made the act effective July 1, 2005.
Section 6-21D-10 – Annual report required.
No later than December 1 of each year, the department shall report to the legislature and to the governor on its activities during the previous fiscal year in administering the provisions of the Energy Efficiency and Renewable Energy Bonding Act. The report shall include: A. details concerning all payments made for the installation of energy […]
Section 6-21D-1 – Short title.
Chapter 6, Article 21D NMSA 1978 may be cited as the “Energy Efficiency and Renewable Energy Bonding Act”. History: Laws 2005, ch. 176, § 1; 2007, ch. 171, § 1. ANNOTATIONS The 2007 amendment, effective June 15, 2007, changed the statutory reference to the act.
Section 6-21D-2 – Definitions.
As used in the Energy Efficiency and Renewable Energy Bonding Act: A. “authority” means the New Mexico finance authority; B. “bonds” means energy efficiency bonds; C. “department” means the energy, minerals and natural resources department; D. “energy efficiency measure” means a modification or improvement to a building or complex of buildings that is designed to […]
Section 6-21D-3 – Building assessments for energy efficiency measures.
A. Upon the request of a state agency or a school district, the department may perform an energy efficiency assessment of a state or school district building to identify the energy efficiency measures that can be installed and operated at a total price that is less than the energy cost savings realized. In addition, the […]
Section 6-21D-4 – Contracts for the installation of energy efficiency measures.
Pursuant to an energy efficiency assessment performed under Section 6-21D-3 NMSA 1978 and with the approval of the department, a state agency or school district may install or enter into contracts for the installation of energy efficiency measures on the building identified in the assessment. An installation contract shall be entered into pursuant to the […]
Section 6-21D-5 – Energy efficiency and renewable energy bonding fund; pledge of money in the fund.
A. The “energy efficiency and renewable energy bonding fund” is created as a special fund within the authority. The fund shall be administered by the authority as a special account. The fund shall consist of gross receipts tax revenues distributed to the fund by law, money transferred to the fund pursuant to the provisions of […]
Section 6-21D-6 – Calculation of cost savings; transfers to energy efficiency and renewable energy bonding fund.
A. Upon the installation of energy efficiency measures in a state building or school district building, the department shall calculate the estimated energy cost savings, in the form of lower utility payments by the school district or the state, that will be annually realized as a result of the installation of the energy efficiency measures. […]