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-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. […]
Section 6-21D-6.1 – Energy efficiency assessment revolving fund.
The “energy efficiency assessment revolving fund” is created in the state treasury. The fund shall consist of appropriations, gifts, grants, donations and bequests made to the fund and reimbursements of costs incurred by the department in performing energy efficiency assessments pursuant to the Energy Efficiency and Renewable Energy Bonding Act. Income from the fund shall […]
Section 6-21C-9 – State Building Bonding Act is full authority for issuance of bonds; bonds are legal investments.
A. The State Building Bonding Act shall, without reference to any other act of the legislature, be full authority for the issuance and sale of building bonds, which bonds shall have all the qualities of investment securities under the Uniform Commercial Code [Chapter 55 NMSA 1978] and shall not be invalid for any irregularity or […]
Section 6-21C-10 – Suit may be brought to compel performance of officers.
Any holder of building bonds or any person or officer being a party in interest may sue to enforce and compel the performance of the provisions of the State Building Bonding Act. History: Laws 2001, ch. 199, § 10; 2003, ch. 371, § 9. ANNOTATIONS The 2003 amendment, effective June 20, 2003, substituted “building bonds” […]
Section 6-21C-11 – Building bonds tax exempt.
All building bonds shall be exempt from taxation by the state or any of its political subdivisions. History: Laws 2001, ch. 199, § 11; 2003, ch. 371, § 10. ANNOTATIONS The 2003 amendment, effective June 20, 2003, substituted “All building bonds” for “All state office building bonds”.
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.