Section 6-21-16 – Bond anticipation notes.
The authority is authorized to issue negotiable bond anticipation notes and may renew the same from time to time, but the maximum maturity of such notes, including renewals of such notes, shall not exceed ten years from the date of issue of the original notes. The notes shall be payable from any money of the […]
Section 6-21-6.10 – New Mexico finance authority revenue bonds; purpose; appropriation.
A. The authority may issue and sell revenue bonds in compliance with the New Mexico Finance Authority Act in an amount not exceeding two million five hundred thousand dollars ($2,500,000) for the behavioral health capital fund to make loans to eligible entities for capital projects pursuant to the Behavioral Health Capital Funding Act [6-26-1 to […]
Section 6-21-6.1 – Public project revolving fund; appropriations to other funds.
A. At the end of each fiscal year, after all debt service charges, replenishment of reserves and administrative costs on all outstanding bonds, notes or other obligations payable from the public project revolving fund are satisfied, an aggregate amount not to exceed thirty-five percent of the governmental gross receipts tax proceeds distributed to the public […]
Section 6-21-6.2 – Expired.
History: Laws 1999, ch. 4, § 2; 2002, ch. 52, § 1. ANNOTATIONS Expired provisions. — The provisions of 6-21-6.2 NMSA 1978, as enacted by Laws 1999, ch. 4, § 2, relating to the public project revolving fund and emergency public projects, expired on June 30, 2005. For provisions of the former section, see the […]
Section 6-21-6.3 – Water and wastewater project grant fund; creation; administration; purposes.
A. There is created in the authority the “water and wastewater project grant fund”, which shall be administered by the authority. The authority shall adopt, in accordance with the New Mexico Finance Authority Act, rules necessary to administer the fund. B. The following shall be deposited directly into the water and wastewater project grant fund: […]
Section 6-21-6.4 – Local government planning fund; creation; administration; purposes.
A. The “local government planning fund” is created within the authority and shall be administered by the authority. The authority shall adopt rules necessary to administer the fund. B. The following shall be deposited directly into the local government planning fund: (1) the net proceeds from the sale of bonds issued pursuant to the provisions […]
Section 6-21-6.5 – New Mexico finance authority revenue bonds; purposes.
The New Mexico finance authority may issue and sell revenue bonds payable from the public project revolving fund in compliance with the New Mexico Finance Authority Act in installments or at any one time in an amount not to exceed one million dollars ($1,000,000), the net proceeds of which shall be deposited in the water […]
Section 6-21-6.6 – Repealed.
History: Laws 2003, ch. 325, § 3; repealed by Laws 2006, ch. 65, § 4. ANNOTATIONS Repeals. — Laws 2006, ch. 65, § 4, repealed 6-21-6.6 NMSA 1978, as enacted by 2003, ch. 325, § 3, relating to authorization for urgent economic development public projects, effective June 30, 2009. For provisions of former section, see […]
Section 6-21-6.7 – Credit enhancement account created; use of account; release of money to the general fund.
A. The “credit enhancement account” is created as a separate account within the authority for use only as provided in this section. B. All cigarette tax proceeds distributed each month to the authority pursuant to Subsection D of Section 7-1-6.11 NMSA 1978 shall be deposited in the credit enhancement account. C. Amounts deposited in the […]
Section 6-21-6.8 – Local transportation infrastructure fund; creation; purpose; administration.
A. The “local transportation infrastructure fund” is created within the authority. For the purposes of this section, “fund” means the local transportation infrastructure fund. The fund shall be administered by the authority as a separate account, but may consist of subaccounts if the authority deems them necessary to carry out the purposes of the fund. […]