Section 6-21-31 – Powers and duties.
The New Mexico finance authority oversight committee shall: A. monitor and oversee the operation of the New Mexico finance authority; B. meet on a regular basis to receive and review reports from the authority on implementation of the provisions of the New Mexico Finance Authority Act and to review and approve regulations proposed for adoption […]
Section 6-21-6.13 – Metropolitan court bond guarantee fund.
A. The “metropolitan court bond guarantee fund” is created in the authority. The fund is comprised of appropriations, donations, transfers pursuant to Section 3-18-17 NMSA 1978 and money earned from investment of the fund and otherwise accruing to the fund. Money in the fund is appropriated to the authority as a credit enhancement to the […]
Section 6-21-20 – Tax exemption.
A. It is hereby determined that the creation of the authority is in all respects for the benefit of the people of the state, for the improvement of their health and welfare and for the promotion of proposed projects or facilities pursuant to the New Mexico Finance Authority Act, and that these purposes are public […]
Section 6-21-6.14 – Lease purchase revenue bonds; lease purchase agreements.
A. If specifically authorized by law, the authority may issue and sell lease purchase revenue bonds in compliance with the New Mexico Finance Authority Act and enter into a lease purchase agreement pursuant to the provisions of this section. B. Lease purchase revenue bonds may be issued at times and on terms established by the […]
Section 6-21-21 – Money of the authority; expenses; audit; annual report.
A. All money of the authority, except as otherwise authorized or provided in the New Mexico Finance Authority Act or in a bond resolution, trust indenture or other instrument under which bonds are issued, shall be deposited as soon as practical in a separate account or accounts in banks or trust companies organized under the […]
Section 6-21-6.15 – New Mexico finance authority revenue bonds; authorized; university of New Mexico hospital and university of New Mexico health sciences center.
A. The New Mexico finance authority may issue and sell revenue bonds in compliance with the New Mexico Finance Authority Act for a term not exceeding twenty years in an amount not exceeding eighty-two million dollars ($82,000,000) for the purpose of designing, constructing, equipping and furnishing additions and improvements to the university of New Mexico […]
Section 6-21-7 – Public project finance program; duties of authority.
The authority has the following duties: A. to develop and administer a program to assist qualified entities individually or jointly in financing public projects; B. to establish a process and procedures for review and assessment of public project needs in the state and report to the New Mexico finance authority oversight committee, the legislature and […]
Section 6-21-8 – Public project finance program; loans; purchase or sale of securities.
To implement a program to assist qualified entities in financing public projects, the authority has the powers specified in this section; provided that the authority shall take no action concerning a project financed with money in the public project revolving fund unless the project is specifically authorized by law or authorized pursuant to other provisions […]
Section 6-21-9 – Public project financing; powers of qualified entities.
A qualified entity may: A. obligate itself to pay to the authority at periodic intervals a sum sufficient to pay all or part of debt service or other obligation, including fees and other charges imposed by the authority with respect to bonds issued by the authority to fund a public project, and to make such […]
Section 6-21-10 – Purchases in name of authority; documentation.
A. All tangible and intangible property, real and personal property and securities purchased, held or owned at any time by the authority shall at all times be purchased and held in the name of the authority or may be mortgaged, assigned or otherwise encumbered as security for the repayment of bonds issued by the authority. […]