Section 6-25A-21 – New Mexico exposition authority oversight committee.
There is created a joint interim legislative committee that shall be known as the “New Mexico exposition center authority oversight committee”. The New Mexico legislative council shall determine the membership of the committee and shall appoint the members and designate the chair and the vice chair in accordance with council policies. The staff for the […]
Section 6-25A-22 – Committee duties.
The New Mexico exposition center authority oversight committee shall: A. monitor and oversee the operation of the authority; B. meet on a regular basis to receive and review reports from the authority on implementation of the provisions of the New Mexico Exposition Center Authority Act and to review and approve rules proposed for adoption by […]
Section 6-25A-23 – Severability.
If any part or application of the New Mexico Exposition Center Authority Act is held invalid, the remainder or its application to other situations shall not be affected. History: Laws 2005, ch. 342, § 23. ANNOTATIONS Effective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
Section 6-25A-8 – Bonds; authorization for issuance; terms and conditions.
A. Bonds of the authority shall be authorized by resolution of the authority and may be issued in one or more series. The bonds shall bear the dates, be in the form, be issued in the denominations, have terms and maturities, bear interest at rates and be payable and evidenced in the manner and times […]
Section 6-26-1 – Short title.
This act [6-26-1 to 6-26-8 NMSA 1978] may be cited as the “Behavioral Health Capital Funding Act”. History: Laws 2004, ch. 71, § 1. ANNOTATIONS Effective dates. — Laws 2004, ch. 71 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 19, 2004, 90 days after adjournment […]
Section 6-25A-9 – Bonds secured by trust indenture.
Bonds of the authority may be secured by a trust indenture between the authority and a corporate trustee that may be either a bank having trust powers or a trust company. The trust indenture may contain reasonable provisions for protecting and enforcing the rights and remedies of bondholders, including covenants setting forth the duties of […]
Section 6-26-2 – Purpose.
The purpose of the Behavioral Health Capital Funding Act is to provide funding for capital projects to eligible entities in order to increase behavioral health care services to sick and indigent patients. History: Laws 2004, ch. 71, § 2. ANNOTATIONS Effective dates. — Laws 2004, ch. 71 contained no effective date provision, but, pursuant to […]
Section 6-25A-10 – Publication of notice; validation; limitation of action.
A. After adoption of a resolution authorizing issuance of bonds, the authority shall publish notice of the adoption of the resolution once in a newspaper of general statewide circulation. B. After the passage of thirty days from the publication required by Subsection A of this section, an action attacking the validity of the proceedings had […]
Section 6-26-3 – Definitions.
As used in the Behavioral Health Capital Funding Act: A. “authority” means the New Mexico finance authority; B. “capital project” means repair, renovation or construction of a behavioral health facility; purchase of land; or acquisition of capital equipment of a long-term nature; C. “department” means the department of health; D. “eligible entity” means: (1) a […]
Section 6-25A-11 – Refunding bonds.
The authority may issue its bonds for the purpose of refunding bonds then outstanding, including the payment of redemption premiums and interest accrued or to accrue to the date of redemption of the outstanding bonds. Until the proceeds of the bonds issued for the purpose of refunding outstanding bonds are applied to the purchase or […]