Section 73-25-14 – Notice; opportunity for comment.
A. At least forty-five days prior to a meeting at which the board shall consider or take action on a proposal to request, establish, increase or decrease a rate, toll, fee or charge, the board shall deliver written notice of the meeting and proposal to a governmental unit where the proposed rate, toll, fee or […]
Section 73-25-15 – Notice; coordination of information.
A. At least forty-five days prior to the imposition of or an increase in a rate, toll, fee or charge or prior to the issuance of bonds as authorized in the Regional Transit District Act, a notice specifying the amount of the fee, toll, rate or charge and its proposed duration or the value and […]
Section 73-25-16 – Taxation.
A district has no direct taxation authority. History: Laws 2003, ch. 65, § 16. ANNOTATIONS Effective dates. — Laws 2003, ch. 65, contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 20, 2003, 90 days after adjournment of the legislature.
Section 73-25-17 – Addition or withdrawal of territory by a district.
A. After the creation of a district, a governmental unit adjacent to but not part of that district may join the district and determine the territorial area to become a part of that district. A two-thirds affirmative vote by the board shall be required before the governmental unit may join the district. B. A governmental […]
Section 73-25-18 – Matching funds.
The local government members of a combination shall match at least one dollar ($1.00) for every four dollars ($4.00) provided by the state. Before a district is able to receive state matching funds, it must be certified by the commission pursuant to Section 4 [73-25-4 NMSA 1978] of the Regional Transit District Act. History: Laws […]
Section 73-25-19 – Authorization to employ commuter rail service law enforcement officers; powers and duties of officers.
A. A district that operates a commuter rail service may employ commuter rail service law enforcement officers for the district and assign duties to the officers. B. At all times while on duty, commuter rail service law enforcement officers shall carry commissions of office issued by the district. Commuter rail service law enforcement officers shall […]
Section 73-25-9 – Agreement of the state not to limit or alter rights of obligees.
The state pledges and agrees with the holders of bonds issued under the Regional Transit District Act and with those parties who enter into contracts with a district or a member of a combination pursuant to the Regional Transit District Act that the state will not impair the rights vested in the district or the […]
Section 73-25-10 – Investments.
A board may invest or deposit funds in accordance with the prudent investor rule set forth in the Uniform Prudent Investor Act [45-7-601 to 45-7-612 NMSA 1978]. The board may employ investment management services to invest the funds and may pay reasonable compensation for investment management services from the assets of the applicable funds. The […]
Section 73-25-11 – Exemption from taxation.
The income or other revenues of a district, all properties at any time owned by a district, all bonds issued by a district and the income from the bonds issued by a district are exempt from taxation in the state. History: Laws 2003, ch. 65, § 11. ANNOTATIONS Effective dates. — Laws 2003, ch. 65, […]
Section 73-25-12 – Cooperative powers.
A district may cooperate with a person to: A. accept legitimate contributions or liens securing obligations of the district from the person with respect to the financing, construction, operation or maintenance of a regional transit system and, in connection with a loan or advance, enter into contracts establishing the repayment terms; B. enter into contracts […]