Section 6-24-1 – Short title.
Chapter 6, Article 24 NMSA 1978 may be cited as the “New Mexico Lottery Act”. History: Laws 1995, ch. 155, § 1; 2007, ch. 72, § 1. ANNOTATIONS Cross references. — For criminal offenses related to gambling, see Chapter 30, Article 19 NMSA 1978. For the Gaming Control Act, see Chapter 60, Article 2E NMSA […]
Section 6-21E-1 – Qualified energy conservation bonds; allocation; issuance.
A. As used in this section: (1) “board” means the state board of finance; (2) “federal act” means Section 54D of the federal Internal Revenue Code and includes federal rules and guidelines adopted to carry out the provisions of that section; (3) “large local government” means: (a) a municipality or county with a population greater […]
Section 6-22-1 – Short title.
Sections 1 through 3 [6-22-1 to 6-22-3 NMSA 1978] of this act may be cited as the “State Aid Intercept Act”. History: Laws 1992, ch. 105, § 1.
Section 6-22-2 – Definitions.
As used in the State Aid Intercept Act: A. “default” means the actual nonpayment of principal or interest on a local revenue bond when payment is scheduled by the indenture relating the local revenue bond; B. “local government” means a municipality or county; C. “local revenue bond” means a bond issued after July 1, 1992 […]
Section 6-22-3 – Local revenue bonds; interception of state distributions to make debt service payments; notice.
A. A local government may receive a state distributions intercept authorization for any local revenue bond as provided in this section. If a local government provides notice prior to default on any interest or principal payment of a local revenue bond qualified for a state distributions intercept authorization, the payment necessary to prevent the default […]
Section 6-23-1 – Short title.
Chapter 6, Article 23 NMSA 1978 may be cited as the “Public Facility Energy Efficiency and Water Conservation Act”. History: Laws 1993, ch. 231, § 1; 1997, ch. 42, § 1; 2001, ch. 247, § 1. ANNOTATIONS The 2001 amendment, effective June 15, 2001, substituted “Facility” for “Building”. The 1997 amendment, effective June 20, 1997, […]
Section 6-23-2 – Definitions.
As used in the Public Facility Energy Efficiency and Water Conservation Act: A. “conservation-related cost savings” means cost savings, other than utility cost savings, in the operating budget of a governmental unit that are a direct result of energy or water conservation measures implemented pursuant to a guaranteed utility savings contract; B. “energy conservation measure” […]
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.