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 72-14-39 – Funding.
All revenue from sale of water shall go into a general fund from which the commission is authorized to transfer operating requirements, principal and interest requirements and such other funds as are practical in the sound financing of the dam. History: 1953 Comp., § 75-34-36, enacted by Laws 1957, ch. 190, § 3.
Section 72-14-40 – Sale of bonds.
The bonds provided for by this act [72-14-36, 72-14-38 to 72-14-42 NMSA 1978] may be sold at public or private sale, in the discretion of the commission, provided, however, that no sale may be made for less than the par value of the bonds, plus accrued interest from the date of issue to the date […]
Section 72-14-41 – Guarantee by severance tax funds.
After the appropriations made for payment of the bonds authorized by the following acts: Laws 1951, Chapter 24; Laws 1947, Chapter 46; Laws 1949, Chapter 111; Laws 1953, Chapter 99; Laws 1953, Chapter 149; Laws 1953, Chapter 169; Laws 1953, Chapter 170; Laws 1955, Chapter 122; Laws 1955, Chapter 123; Laws 1955, Chapter 124; Laws […]
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 […]
Section 72-14-29 – Loans from New Mexico irrigation works construction fund.
The interstate stream commission is authorized to make loans, on such terms and for such length of time not exceeding fifty years as it shall deem proper, to irrigation and similar districts organized under the laws of the state, to acequia and community ditch associations and to municipalities and other political subdivisions of the state, […]
Section 72-14-30 – [Expenditure of funds for feasibility studies.]
The interstate stream commission is authorized to spend out of any unpledged funds in [the] New Mexico irrigation works construction fund such sums as needed in order to have feasibility studies made regarding any project. History: 1953 Comp., § 75-34-29, enacted by Laws 1957, ch. 80, § 2. ANNOTATIONS Bracketed material. — The bracketed material […]
Section 72-14-31 – [Loans to include sums for feasibility study.]
Any loan made for any project as provided shall include any sums which have been spent out of unpledged funds in the New Mexico irrigation works construction fund for a feasibility study on such project under the provisions of Section 2 [72-14-30 NMSA 1978]. History: 1953 Comp., § 75-34-30, enacted by Laws 1957, ch. 80, […]