Section 73-16-30 – [Conservation and development of resources; assessments authorized.]
That conservancy districts heretofore or hereafter created under New Mexico statutes be and hereby are authorized to levy an assessment of not to exceed 10% of the special benefits confirmed and approved for the purpose of conserving and developing the resources thereof, servicing outstanding bonds or obligations of such districts and for other purposes under […]
Section 73-16-46 – [Transfers from guaranty fund to other funds.]
If and when the bonded indebtedness of any such district has been paid and retired, and such guaranty fund is no longer needed for the purposes herein provided, such moneys, or any unexpended portion thereof, shall be placed in the construction or such other fund of the district as may be ordered by the board […]
Section 73-16-31 – [Conservation and development fund assessment; levy; records; payment.]
Said special assessment shall be known as the “conservation and development fund assessment”; [it] shall be made by resolution of the board and duly extended on the proper district and tax records in like manner and in accordance with the same procedure as the construction fund assessment under the provisions of the Conservancy Act of […]
Section 73-16-47 – [Other assessments unaffected.]
The provisions of this act [73-16-41 to 73-16-49 NMSA 1978] shall not invalidate the levy of any assessments or the apportionment of any benefits heretofore made in conservancy districts, nor shall the power to levy additional assessments in the manner provided in the Conservancy Act be affected hereby. History: Laws 1931, ch. 50, § 7; […]
Section 73-16-32 – [Conservation and development fund created; legislative finding.]
In addition to the separate funds provided for under Section 501, Subsection 1 [73-16-1 A NMSA 1978] of Article V of the Conservancy Act [of New Mexico], there is hereby created a separate fund to be known as the “conservation and development fund,” by which shall be meant the proceeds of a special levy hereby […]
Section 73-16-48 – [Limitation on use of fund.]
No revenues collected from the ad valorem tax authorized herein shall be used for the payment of any interest or principal on bonds hereafter sold under any option existing at the time of the passage of this act [73-16-41 to 73-16-49 NMSA 1978] for the purchase of bonds of any conservancy district. History: Laws 1931, […]
Section 73-16-33 – [Conservancy bonds; conservation and development issue.]
That conservancy districts heretofore or hereafter organized under the provisions of the Conservancy Act of New Mexico, subsequent to the passage of a resolution authorizing the conservation and development fund assessment, may issue additional bonds to be known as “conservancy bonds – conservation and development issue” which bonds shall be in similar or like form […]
Section 73-16-34 – [Interest rate; sale to governmental agencies without advertisement.]
The bonds authorized under the provisions hereof shall bear a rate of interest not exceeding 6%, and the same may be sold to the United States government, the reconstruction finance corporation or any federal or state governmental agency without advertisement. History: Laws 1935, ch. 37, § 5; 1941 Comp., § 77-2933; 1953 Comp., § 75-30-33. […]
Section 73-16-35 – [Bonds tax exempt; investment of state funds.]
The bonds herein authorized shall be entitled to all the privileges of tax exemption and be eligible for the investment of state funds in like manner as provided for conservancy bonds under the provisions of Sections 507 and 508 [73-16-8, 73-16-9 NMSA 1978] of the Conservancy Act [of New Mexico]. History: Laws 1935, ch. 37, […]
Section 73-16-36 – [Amount of bonds; use of proceeds; exemptions from assessment.]
Securities authorized to be issued under provisions hereof may be issued in an amount not exceeding 10% of the benefits confirmed and approved in accordance with Articles IV and V of the Conservancy Act [of New Mexico] and the proceeds upon the sale, exchange or delivery thereof shall be devoted to conserving and developing the […]