Section 71-10-4 – Creation of an authority; members; terms; qualifications.
A. A county that forms a district shall create an authority to govern the district that consists of five members. The governing body of the county shall appoint authority members. B. The terms of the authority members shall be staggered. Of the members initially appointed, that number of members closest to, but not more than, […]
Section 71-10-5 – Authority; powers; duties.
A. An authority is a political subdivision of the state that may, in accordance with law and to effectuate the purposes of the district it governs: (1) have perpetual existence; (2) sue and be sued; (3) adopt bylaws, policies and procedures; (4) employ a director, who may employ staff as necessary to administer the authority; […]
Section 71-10-6 – Revenue bonds; exemption from taxation.
The bonds authorized by the Electric Generating Facility Economic District Act, the income from those bonds, mortgages or other security instruments executed as security for those bonds, lease agreements authorized by the Electric Generating Facility Economic District Act and revenue derived from a lease or sale by an authority are exempt from taxation by the […]
Section 71-10-7 – Bonding authority.
A. An authority may issue revenue bonds for the purpose of constructing, purchasing, improving, remodeling, furnishing or equipping any necessary buildings, structures, roads or other infrastructure of the district. B. An authority may pledge irrevocably any or all of the revenue received by the district to the payment of the interest on and principal of […]
Section 71-10-8 – Refunding bonds.
A. An authority that has issued bonds in accordance with the Electric Generating Facility Economic District Act may issue refunding bonds for the purpose of refinancing, paying and discharging all or any part of outstanding bonds for the: (1) acceleration, deceleration or other modification of the payment of the outstanding bonds, including, without limitation, any […]
Section 71-9-5 – General duties, jurisdiction and authority of the division.
A. The division shall regulate the exploration, development and production of geothermal resources on public and private land for the purposes of conservation; protection of correlative rights; protection of life, health, property, natural resources, the environment and the public welfare; and encouraging maximum economic recovery of the geothermal resources. The division may require persons seeking […]
Section 71-9-6 – Rules.
A. The division shall promulgate and enforce rules providing for the exploration, development and production of geothermal resources and to accomplish the purposes of the Geothermal Resources Development Act and that are reasonably necessary to carry out the purposes of that act whether or not indicated or specified in any section of that act. B. […]
Section 71-9-7 – Access to property.
Employees or agents of the division, on proper identification, may enter public or private property to inspect and investigate conditions in relation to the exploration, development or production of geothermal resources, to monitor compliance with the Geothermal Resources Development Act or a rule, permit or order of the division, or to examine and copy, during […]
Section 71-9-8 – Administrative penalty.
A. If a person violates the provisions of the Geothermal Resources Development Act or the rules promulgated pursuant to that act or an order or permit issued pursuant to that act, the division may assess the person a civil penalty of two thousand five hundred dollars ($2,500) for each violation. In the case of a […]
Section 71-9-9 – Appeals.
A person subject to a final decision of the division may appeal to the district court pursuant to the provisions of Section 39-3-1.1 NMSA 1978. History: Laws 2016, ch. 71, § 9 and Laws 2016, ch. 78, § 9. ANNOTATIONS Effective dates. — Laws 2016, ch. 71, § 15 and Laws 2016, ch. 78, § […]