Section 72-14-35 – [Exemption from Bateman Act.]
The provisions of the Bateman Act [6-6-11 and 6-6-13 to 6-6-18 NMSA 1978] shall not apply to loans authorized herein. History: 1953 Comp., § 75-34-33, enacted by Laws 1957, ch. 80, § 6.
Section 72-14-36 – [Special water revenue bonds of interstate stream commission; purpose.]
A. For the purpose of building, operating and maintaining dams on the Canadian river or its tributaries between Conchas dam and the Texas border, the interstate stream commission of the state is hereby authorized to anticipate the proceeds of the collection of taxes imposed upon natural resources by Chapter 103, New Mexico Session Laws of […]
Section 72-14-37 – [Special water revenue bonds of interstate stream commission; anticipation of tax proceeds.]
In the event House Bill No. 117 of the twenty-fourth legislature becomes law, the taxes collected, the proceeds of which are hereinafter anticipated, shall be those levied by that 1959 act. History: 1953 Comp., § 75-34-34.1, enacted by Laws 1959, ch. 69, § 2. ANNOTATIONS Compiler’s notes. — House Bill No. 117 refers to Laws […]
Section 72-14-38 – Terms and conditions of bonds.
The terms and conditions of the bonds including but not limited to: date of issue; maturities; coupon rate or rates; call features; call premiums; refundability; and other covenants covering the general and technical aspects of the bond issue, including provision for additional bonds if and as necessary, shall be as determined in the discretion of […]
Section 72-14-24 – Purpose of act.
This amendatory act [72-14-23, 72-14-24 NMSA 1978] is passed by the legislature knowing that the powers its [it] confers on the interstate stream commission are broad. It is therefore in order that the legislature declare that its policy is not that the state interstate stream commission should construct or repair irrigation works now owned or […]
Section 72-14-24.1 – Acequia and community ditch infrastructure fund; created.
A. The “acequia and community ditch infrastructure fund” is created in the state treasury and shall be administered by the interstate stream commission. The fund consists of money transferred from the New Mexico irrigation works construction fund and interest accruing to the fund. Disbursements from the fund shall be made by warrant of the secretary […]
Section 72-14-25 – [Adjustment of plans and operations to facilitate federal aid to project.]
For the purpose of obtaining financial aid from the United States of America, the commission may adjust the plans and operation of any project, created under this act [72-14-9 to 72-14-23, 72-14-25 to 72-14-28 NMSA 1978], to conform to the laws and regulations of the federal government and the supervision of any board, bureau or […]
Section 72-14-26 – Disposition of water for public, domestic, industrial and other uses; reconveyance to grantors.
In addition to the powers conferred upon the commission to sell, lease and otherwise dispose of waters for the purpose of irrigation, development of power, watering of stock or other purposes, the commission shall have power to sell, lease and otherwise dispose of waters from its waterworks systems for public, domestic, industrial and other uses […]
Section 72-14-27 – [Liberal construction of act.]
This act [72-14-9 to 72-14-23, 72-14-25 to 72-14-28 NMSA 1978], being necessary for the welfare of the state and its citizens, shall be liberally construed to effect the purposes hereof. History: 1953 Comp., § 75-34-26, enacted by Laws 1955, ch. 266, § 18. ANNOTATIONS Loan to an artesian conservancy district of funds which would in […]
Section 72-14-28 – [Powers of state agencies and subdivisions to contract with federal government respecting water projects.]
In addition to powers now vested by law in them, conservancy districts, water and sanitation districts, irrigation districts, departmental agencies or political subdivisions of the state, drainage districts and similar organizations, organized under the laws of New Mexico, are authorized to enter into agreements with the president of the United States, any department, board or […]