Chapter 6 - Public Finances.
- Article 1 - State Board of Finance, 6-1-1 through 6-1-13.
- Section 6-1-1 - Membership of state board of finance; powers and duties; establishment in connection with the board of finance division of the department of finance and administration.
- Section 6-1-13 - Deposit accounts by state agencies; authorization by state treasurer.
- Section 6-1-2 - State board of finance; loans and grants of emergency funds.
- Section 6-1-3 - Loans of emergency funds; terms and conditions for repayment; security and interest.
- Section 6-1-4 - Loans or grants obtained by political subdivisions; application of proceeds.
- Section 6-1-5 - Repayment of loans; disposition of receipts; crediting emergency fund; deposit in general fund.
- Section 6-1-6 - Separate accounts.
- Section 6-1-7 - Repealed.
- Section 6-1-8 to 6-1-12 - Repealed.
- Article 2 - Settling Accounts, 6-2-1.
- Article 3 - State Budgets, 6-3-1 through 6-3-25.
- Section 6-3-1 - State agency defined.
- Section 6-3-10 - Budget defined.
- Section 6-3-11 - Parts of the budget.
- Section 6-3-11.1, 6-3-11.2 - Repealed.
- Section 6-3-12 - Printing of budget.
- Section 6-3-13 - Index.
- Section 6-3-14 - Repealed.
- Section 6-3-15 - State budget division director; powers and duties.
- Section 6-3-16 - Power to sue.
- Section 6-3-17 - Agencies subject to act.
- Section 6-3-18 - Budget forms.
- Section 6-3-19 - Agencies to complete budget forms.
- Section 6-3-2 - Director of state budget division; qualifications.
- Section 6-3-20 - Review of budget forms.
- Section 6-3-21 - Preparation of the budget.
- Section 6-3-22 - Copies of the budget.
- Section 6-3-23 - Budget adjustment defined.
- Section 6-3-24 - Budget adjustments; authorizations permitted.
- Section 6-3-25 - Budget adjustment procedure.
- Section 6-3-3 - State budget division; cooperation between state budget division and state agencies; assistance to state agencies.
- Section 6-3-4 - State budget division; cooperation with legislature and committees; to supply information to legislature and committees.
- Section 6-3-5 - State budget division; research; surveys; reports.
- Section 6-3-6 - State budget division; periodic allotments.
- Section 6-3-7 - Annual operating budgets; supervision and control; submission of proposed budgets; approval; review by governor.
- Section 6-3-8 - Violation of expenditure restrictions; penalty.
- Section 6-3-9 - State agency defined.
- Article 3A - Accountability in Government, 6-3A-1 through 6-3A-9.
- Section 6-3A-1 - Short title.
- Section 6-3A-2 - Findings and purpose.
- Section 6-3A-3 - Definitions.
- Section 6-3A-4 - Program identification.
- Section 6-3A-5 - Performance measures.
- Section 6-3A-6 - Schedule for submission of performance-based program budget requests.
- Section 6-3A-7 - Performance-based program budget requests.
- Section 6-3A-8 - Performance-based program budgets.
- Section 6-3A-9 - Quarterly reporting.
- Article 4 - State Funds and Capital Programs, 6-4-1 through 6-4-25.
- Section 6-4-1 - Capital programs; preparation; duties.
- Section 6-4-10 - Tobacco settlement program fund created; purpose.
- Section 6-4-11 - Tobacco settlement distributions to state; transfer to tobacco settlement permanent fund.
- Section 6-4-12 - Definitions.
- Section 6-4-13 - Requirements. [Contingent repeal.]
- Section 6-4-13.1 - Severability.
- Section 6-4-14 - Short title.
- Section 6-4-15 - Findings and purpose.
- Section 6-4-16 - Definitions.
- Section 6-4-17 - Certification by tobacco product manufacturer.
- Section 6-4-18 - Directory of tobacco product manufacturers and cigarette brands.
- Section 6-4-18.1 - Bond requirements for newly qualified and elevated risk nonparticipating manufacturers.
- Section 6-4-19 - Maintenance of directory; notice.
- Section 6-4-2 - General fund created.
- Section 6-4-2.1 - General fund operating reserve created; authorizing expenditures.
- Section 6-4-2.2 - General fund tax stabilization reserve.
- Section 6-4-2.3 - Appropriation contingency fund.
- Section 6-4-2.4 - Repealed.
- Section 6-4-2.5 - New Mexico recovery and reinvestment fund.
- Section 6-4-20 - Agent for service of process.
- Section 6-4-20.1 - Joint and several liability.
- Section 6-4-21 - Reporting of information; escrow installments.
- Section 6-4-22 - Penalties and other remedies.
- Section 6-4-23 - General provisions.
- Section 6-4-24 - Construction of act.
- Section 6-4-24.1 - Attorney general authority; audit and investigation.
- Section 6-4-24.2 - Presumption.
- Section 6-4-25 - Gasoline and home heating relief fund; created.
- Section 6-4-3 - State revenue-sharing trust fund created.
- Section 6-4-4 - Reservation of excess general fund revenues; appropriation to taxpayers dividend fund.
- Section 6-4-5 - Taxpayers dividend fund; created; purpose.
- Section 6-4-6 - Expenditures authorized to maintain cash flow.
- Section 6-4-7 - Computer systems enhancement fund; created.
- Section 6-4-8 - Repealed.
- Section 6-4-9 - Tobacco settlement permanent fund; investment; distribution.
- Article 5 - Financial Control, 6-5-1 through 6-5-11.
- Section 6-5-1 - Definitions.
- Section 6-5-10 - State agency reversions; director powers; compliance with federal rules.
- Section 6-5-11 - "Annual" defined for payroll administration.
- Section 6-5-2 - Financial control division; central system of state accounts; accounting systems; processing documents; model accounting practices; internal accounting controls.
- Section 6-5-2.1 - Division; additional duties.
- Section 6-5-3 - Legality and authority for proposed expenditures determined by division and state agency; encumbering funds.
- Section 6-5-4 - Repealed.
- Section 6-5-4.1 - Annual financial report.
- Section 6-5-5 - Warrants issued by secretary; powers and duties of state auditor regarding warrants and transfer of funds imposed upon secretary.
- Section 6-5-6 - Determinations to be made prior to issuance of warrants.
- Section 6-5-7 - Warrant or documentation to show fund from which payment is made; settlement of claims against state; account between state and treasury.
- Section 6-5-8 - Vouchers.
- Section 6-5-9 - Secretary may authorize state agencies to issue warrants; secretary may except state agencies from submission of proposed vouchers, purchase orders or contracts.
- Section 6-5-9.1 - Procurement card project.
- Article 5A - Requirements for Receiving Funds from Certain Organizations, 6-5A-1.
- Article 6 - Local Government Finances, 6-6-1 through 6-6-19.
- Section 6-6-1 - Definitions.
- Section 6-6-10 - Violation of expense limit; penalty.
- Section 6-6-11 - Yearly expenditures limited to income; Bateman Act.
- Section 6-6-12 - Exemptions from Bateman Act.
- Section 6-6-13 - Salaries to be prorated.
- Section 6-6-14 - Insufficient funds; prorating salaries and claims; preference for expense of boarding prisoners.
- Section 6-6-15 - Void indebtedness; payment from later collections; disposition of surplus.
- Section 6-6-16 - Appealed claims; payment.
- Section 6-6-17 - Current year same as fiscal year.
- Section 6-6-18 - Current year; disposition of funds.
- Section 6-6-19 - Local government permanent fund.
- Section 6-6-2 - Local government division; powers and duties.
- Section 6-6-3 - Local public bodies; duties.
- Section 6-6-4 - Local government division; research and survey; report to governor and legislature.
- Section 6-6-4.1 - Local government division; additional duties; occupancy tax quarterly reports.
- Section 6-6-5 - Record of approved budget.
- Section 6-6-6 - Approved budgets; claims or warrants in excess of budget; liability.
- Section 6-6-7 - Limitation on county expenditures during year official's term expires; exceptions.
- Section 6-6-8 - Repealed.
- Section 6-6-9 - Limitation on municipal expenditures during year officials' terms expire.
- Article 6A - Leasehold Community Assistance, 6-6A-1 through 6-6A-5.
- Section 6-6A-1 - Short title.
- Section 6-6A-2 - Definition.
- Section 6-6A-3 - Leasehold community assistance fund; creation; dispositon [disposition]
- Section 6-6A-4 - Leasehold communities; duties.
- Section 6-6A-5 - Inclusion of leasehold community assistance fund in the local government division's annual budget.
- Article 7 - Disaster Relief, 6-7-1 through 6-7-3.
- Article 8 - Investment of Public Money, 6-8-1 through 6-8-22.
- Section 6-8-1 - Definitions.
- Section 6-8-10 - Investment standards.
- Section 6-8-11 - Custody of securities.
- Section 6-8-12 - Repealed.
- Section 6-8-13 - Record of investments.
- Section 6-8-14 - Monthly reports.
- Section 6-8-15 - Post-audit.
- Section 6-8-16 - Annual report.
- Section 6-8-17 - Repealed.
- Section 6-8-18 - Repealed.
- Section 6-8-19 - Repealed.
- Section 6-8-2 - State investment council.
- Section 6-8-20 - Private equity investment advisory committee created; membership; duties; terms; liabilities; conflict of interest.
- Section 6-8-21 - Repealed.
- Section 6-8-22 - Disclosure of third-party marketers; penalty.
- Section 6-8-3 - Council terms and qualifications.
- Section 6-8-4 - Investment office; state investment officer; terms.
- Section 6-8-5 - Bond; staff; budget.
- Section 6-8-6 - Transfer of investment powers.
- Section 6-8-7 - Powers and duties of the state investment council and state investment officer; investment policy; investment managers.
- Section 6-8-8 - Compromise; adjustment.
- Section 6-8-9 - Repealed.
- Article 9 - Facsimile Signatures, 6-9-1 through 6-9-6.
- Article 10 - Public Money, 6-10-1 through 6-10-63.
- Section 6-10-1 - Fiscal year designated.
- Section 6-10-1.1 - Definitions.
- Section 6-10-1.2 - Payment methods authorized; fee.
- Section 6-10-10 - Deposit and investment of funds.
- Section 6-10-10.1 - Participating government investment fund created; distribution of earnings; report of investments.
- Section 6-10-10.2 - Statements of condition required to be transmitted to the state cash manager.
- Section 6-10-11 - Approval of investment of state funds.
- Section 6-10-12 - Investment of special road fund balances over $10,000.
- Section 6-10-13 - Limitation on investment of special road fund.
- Section 6-10-14 - Securities eligible for special road fund investments.
- Section 6-10-15 - Surety for deposits.
- Section 6-10-16 - Security for deposits of public money.
- Section 6-10-16.1 - Security for public deposits.
- Section 6-10-17 - Amount of security to be deposited.
- Section 6-10-17.1 - Noncompliance with collateral requirements; withdrawal of public funds.
- Section 6-10-18 - Assignment of securities; disposition.
- Section 6-10-19 - Ineligible depository bonds.
- Section 6-10-2 - Public money; cash books; daily balance; public record.
- Section 6-10-2.1 - State treasurer; duty.
- Section 6-10-20 - Additional security.
- Section 6-10-21 - Security for deposits; safekeeping; regulations of state board of finance.
- Section 6-10-22 - Security for deposits; liability for loss.
- Section 6-10-23 - Safekeeping of pledged securities; acceptance, release and substitution.
- Section 6-10-24 - Deposit of public funds in federally insured banks, savings and loan associations and credit unions; conditions.
- Section 6-10-24.1 - State funds; limitation.
- Section 6-10-24.2 - Linked deposit program.
- Section 6-10-25 - Declaration of policy.
- Section 6-10-26 - Quarterly reports of funds on demand deposit; investment in interest-bearing deposits and securities.
- Section 6-10-27 - Provisions inapplicable to permanent and certain other funds.
- Section 6-10-28 - Investment of bond proceeds.
- Section 6-10-29 - Banks, savings and loan associations and credit unions to furnish statement of deposits monthly; credit interest monthly; signature to checks.
- Section 6-10-3 - Payment of state money into treasury; suspense funds.
- Section 6-10-30 - Interest rates set by state board of finance.
- Section 6-10-31 - Interest on time deposits.
- Section 6-10-32 - Treatment of interest on land grant funds.
- Section 6-10-33 - Interest limited to maximum permitted by federal law or regulation.
- Section 6-10-34 - Withdrawal of time deposits subject to federal law or regulation.
- Section 6-10-35 - Fiscal agent of New Mexico; state checking depositories; state depositories; designation by board of finance.
- Section 6-10-36 - Public money deposits of certain governmental units; distribution; interest.
- Section 6-10-36.1 - Receipts of public money; disposition by certain municipalities.
- Section 6-10-37 - State treasurer to make deposits.
- Section 6-10-38 - Bonds of state treasurer, municipal treasurers and treasurers of boards in control.
- Section 6-10-39 - Official bonds; payment of premiums; form.
- Section 6-10-4 - Payment of obligations of prior years from current year appropriations.
- Section 6-10-40 - Officials receiving consideration for placing loan or deposit; misusing funds; failure to deposit; penalty.
- Section 6-10-41 - Suspense account unearned money; transfer.
- Section 6-10-42 - Authorizing fund transfers to address delays in revenue; restrictions.
- Section 6-10-43 - Interest and sinking-fund balances.
- Section 6-10-44 - Temporary investment of excess funds; federal bonds or treasury certificates eligible.
- Section 6-10-44.1 - Deposits in credit unions.
- Section 6-10-45 - Deposit of local funds with state treasurer to match allotments.
- Section 6-10-46 - Disbursement of state funds; vouchers and warrants.
- Section 6-10-47 - Safekeeping and insurance of money and securities in state treasury; payment of cost.
- Section 6-10-48 - Insolvency of depository institution; profit and loss account.
- Section 6-10-49 - Insolvency of banks; state funds; right to recover deposits not impaired.
- Section 6-10-5 - General fund deficiency; certificates of indebtedness.
- Section 6-10-50 - Loss of money deposited in qualified banks, savings and loan associations or credit unions; treasurers relieved of liability.
- Section 6-10-51 - To cover all moneys lawfully intrusted to treasurers.
- Section 6-10-52 - Failure to comply with specific requirements; penalty.
- Section 6-10-53 - Bribery of public treasurers and employees; penalty.
- Section 6-10-54 - Institutions exempted from paying over money to state treasurer; liability for failure to make authorized deposit.
- Section 6-10-55 - Short title.
- Section 6-10-56 - Definitions.
- Section 6-10-57 - Cancellation of warrants.
- Section 6-10-58 - Signing checks for state funds.
- Section 6-10-59 - Loss or destruction of state or political subdivision warrant or order for money; issue of duplicate.
- Section 6-10-6 - Issuance of certificates.
- Section 6-10-60 - Issuance of duplicate; affidavit; bond to save state or political subdivision harmless.
- Section 6-10-61 - Permanent fund investment laws not affected.
- Section 6-10-62 - Destruction of documentary evidence of extinguished debt; certificates of destruction; retention.
- Section 6-10-63 - Electronic fund transfers.
- Section 6-10-7 - Retirement of certificates.
- Section 6-10-8 - County boards of finance.
- Section 6-10-9 - Boards of finance for institutions.
- Article 11 - Acceptance and Disbursement of United States Funds, 6-11-1 through 6-11-9.
- Section 6-11-1 - Funds from forest reserves; acceptance.
- Section 6-11-2 - Transmission of money to counties.
- Section 6-11-3 - Application of money to forest reserve school purposes fund and county road fund; expenditure upon roads; building of roads.
- Section 6-11-4 - Officer not to receive compensation; misapplication of funds; penalty; removal.
- Section 6-11-5 - Taylor Grazing Act funds; distribution.
- Section 6-11-6 - Farm and range improvement fund; approval of expenditures.
- Section 6-11-7 - Short title.
- Section 6-11-8 - Public works grant-in-aid fund.
- Section 6-11-9 - Administration; limitations.
- Article 12 - State Indebtedness, 6-12-1 through 6-12-15.
- Section 6-12-1 - Borrowing or investing permanent funds to pay interest on state bonds.
- Section 6-12-10 - Validity.
- Section 6-12-11 - Exchange for bonds to be refunded; sale; disposition of proceeds.
- Section 6-12-12 - Irrepealable contract; irregularities and defects waived; tax exemption.
- Section 6-12-13 - Tax levy for payment; continuance of levies for bonds to be refunded; application of receipts.
- Section 6-12-14 - Bonds surrendered for refunding; entries; destruction.
- Section 6-12-15 - State bond guarantee fund; creation; purposes.
- Section 6-12-2 - Certificates of indebtedness and interest; treasurer may borrow to pay.
- Section 6-12-3 - Repealed.
- Section 6-12-4 - Public sale of securities.
- Section 6-12-5 - Application of act.
- Section 6-12-6 - State refunding bonds; authorized; purpose.
- Section 6-12-7 - Refunding bond issuance; procedure.
- Section 6-12-8 - Refunding bonds; formal requisites; registration.
- Section 6-12-9 - Manner of payment of principal and interest; maturity in annual installment; schedule of maturities.
- Appendix A to Article 12
- Appendix B to Article 12
- Article 12A - Short-Term Cash Management, 6-12A-1 through 6-12A-15.
- Section 6-12A-1 - Short title.
- Section 6-12A-10 - Expenses.
- Section 6-12A-11 - State treasurer; duty to make payments and keep records.
- Section 6-12A-12 - Authority for issuance.
- Section 6-12A-13 - Action to compel performance of officers.
- Section 6-12A-14 - Anticipation notes exempt from taxation.
- Section 6-12A-15 - Anticipation notes not a general obligation of the state.
- Section 6-12A-2 - Purpose.
- Section 6-12A-3 - Definitions.
- Section 6-12A-4 - State treasurer certification.
- Section 6-12A-5 - Anticipation notes; authorization; state board of finance approval.
- Section 6-12A-6 - Source of repayment.
- Section 6-12A-7 - Anticipation notes debt service fund created.
- Section 6-12A-8 - Proceeds from anticipation notes; anticipation notes fund created; investment.
- Section 6-12A-9 - Anticipation notes; legal investment; tax exemption.
- Article 13 - Institution Bonds, 6-13-1 through 6-13-26.
- Section 6-13-1 - Short title.
- Section 6-13-10 - Permanent funds from disposition of lands held in trust for state institutions; investment.
- Section 6-13-11 - Bond payment.
- Section 6-13-12 - Income from permanent funds of institutions; payment to interest and retirement fund; duties of state treasurer.
- Section 6-13-13 - Bonds issued in series.
- Section 6-13-14 - Limitation on amount of issue.
- Section 6-13-15 - Exemption from taxation.
- Section 6-13-16 - Funds derived from sale of bonds; restrictions on use.
- Section 6-13-17 - Issuance and sale of bonds; approval of state board of finance.
- Section 6-13-18 - Security; priority of liens.
- Section 6-13-19 - Refunding; purposes.
- Section 6-13-2 - State institutions.
- Section 6-13-20 - Refunding; issuance of bonds.
- Section 6-13-21 - Refunding; conditions of bonds.
- Section 6-13-22 - Refunding; escrowed proceeds.
- Section 6-13-23 - Refunding; payment of bonds.
- Section 6-13-24 - Refunding; bonds retired.
- Section 6-13-25 - Refunding; priority of liens.
- Section 6-13-26 - Refunding; procedures.
- Section 6-13-3 - General borrowing authority.
- Section 6-13-4 - General bonding authority.
- Section 6-13-5 - Bonds; form; terms.
- Section 6-13-6 - Sale of bonds.
- Section 6-13-7 - Proceeds from sale of bonds; building and improvement fund; expenditures.
- Section 6-13-8 - Interest and retirement fund; establishment; purpose.
- Section 6-13-9 - Pledge of income from permanent funds of state institutions.
- Appendix to Article 13
- Article 14 - Public Securities, 6-14-1 through 6-14-12.
- Section 6-14-1 - Short title.
- Section 6-14-10 - Form; payment; registrar; transfer; authentication of public securities; records.
- Section 6-14-10.1 - Investment of proceeds; compliance with Internal Revenue Code of 1986.
- Section 6-14-11 - Scope of act.
- Section 6-14-12 - Legislative intent.
- Section 6-14-2 - Definitions.
- Section 6-14-3 - Public securities; price.
- Section 6-14-4 - Short title.
- Section 6-14-5 - Definitions.
- Section 6-14-6 - Publication of notice after adoption of resolution or ordinance.
- Section 6-14-7 - Validation; limitation of action.
- Section 6-14-8 - Short title.
- Section 6-14-9 - Definitions.
- Article 15 - Finances of Counties, Municipalities and School Districts, 6-15-1 through 6-15-28.
- Section 6-15-1 - Bonds payable from ad valorem taxes; notice of proposed issuance.
- Section 6-15-10 - Unissued bonds authorized at election; when void; exceptions.
- Section 6-15-11 - Refunding bonds of county, municipality or school district; approval of issuance; purpose.
- Section 6-15-12 - Ordinance or resolution for refunding bonds; contents; maturities.
- Section 6-15-13 - Execution of refunding bonds; interest coupons; mode of payment; installments.
- Section 6-15-14 - Levy of taxes to pay annual installments and interest.
- Section 6-15-15 - Exchange for bonds to be refunded; sales.
- Section 6-15-16 - Record of refunding bonds.
- Section 6-15-17 - Retired refunding bonds to be destroyed.
- Section 6-15-18 - Bonds surrendered for refunding; record; destruction.
- Section 6-15-19 - Definition of terms.
- Section 6-15-2 - Bond issues; local government division, or public school finance division, of the department of finance and administration to furnish information; transcripts of proceedings; disposit
- Section 6-15-20 - Application of bond proceeds; procedures; limitations.
- Section 6-15-21 - Contributions securing payment of bonds.
- Section 6-15-22 - Creation of sinking funds to secure payment of bonds.
- Section 6-15-23 - Short title.
- Section 6-15-24 - Definitions.
- Section 6-15-25 - Findings; purpose of act.
- Section 6-15-26 - Bond elections.
- Section 6-15-27 - Scope of act.
- Section 6-15-28 - Validation.
- Section 6-15-3 - Bonds; forms; interest; maturities.
- Section 6-15-4 - Tax levy for payment of bonds.
- Section 6-15-5 - Sale of bonds.
- Section 6-15-6 - Bids for bonds refused; return of deposits.
- Section 6-15-7 - Maturity date of bonds; limitation.
- Section 6-15-8 - "Municipal corporation" as used in Sections 6-15-3 to 6-15-8 NMSA 1978 defined.
- Section 6-15-9 - Bonds authorized at election; time limit on issuance; exceptions.
- Article 15A - Education Technology Equipment, 6-15A-1 through 6-15A-16.
- Section 6-15A-1 - Short title.
- Section 6-15A-10 - Refunding or refinancing lease-purchase arrangements.
- Section 6-15A-11 - Agreement of the state.
- Section 6-15A-12 - Legal investments for public officers and fiduciaries.
- Section 6-15A-13 - Tax exemption.
- Section 6-15A-14 - Cumulative and complete authority.
- Section 6-15A-15 - Liberal interpretation.
- Section 6-15A-16 - Severability.
- Section 6-15A-2 - Purpose.
- Section 6-15A-3 - Definitions.
- Section 6-15A-4 - Notice of proposed lease-purchase arrangements.
- Section 6-15A-5 - School budget planning unit of the state department of public education to furnish information, transcripts of proceedings and disposition.
- Section 6-15A-6 - Tax levy for payment of lease-purchase agreement.
- Section 6-15A-7 - Lease-purchase arrangements; terms.
- Section 6-15A-8 - Authorizing lease-purchase of education technology equipment; preliminary resolution; contents; notice; final resolution of approval.
- Section 6-15A-9 - Publication of notice; validation; limitation of action.
- Article 16 - Public Securities Validation, 6-16-1 through 6-16-5.
- Article 17 - Finances of State Educational Institutions, 6-17-1 through 6-17-19.
- Section 6-17-1 - Income-producing buildings and improvements; authority to borrow funds.
- Section 6-17-1.1 - Definitions.
- Section 6-17-10 - Tax exemption of income-producing project bonds.
- Section 6-17-11 - Security for income-producing bonds; rules and regulations.
- Section 6-17-12 - Debt against state not to be created by income-producing project bonds.
- Section 6-17-13 - Institutional bond statutes not affected by income-producing bond law.
- Section 6-17-14 - Pledge of additional revenue.
- Section 6-17-15 - Refunding bonds; convertibility.
- Section 6-17-16 - Validation.
- Section 6-17-17 - Refunding bonds.
- Section 6-17-18 - Exchange of bonds.
- Section 6-17-19 - Validation.
- Section 6-17-2 - Resolution for issuance of bonds for income-producing projects.
- Section 6-17-3 - Conditions of income-producing project bonds.
- Section 6-17-4 - Determination of charges relating to income-producing projects.
- Section 6-17-5 - Determination of charges relating to income-producing projects.
- Section 6-17-6 - Sale of income-producing project bonds; interest and retirement funds; separation of units.
- Section 6-17-7 - Net income, gross income and operating and maintenance expenses of income-producing projects; definitions.
- Section 6-17-8 - Records and expenditures for income-producing projects.
- Section 6-17-9 - Procedure prior to issuance of income-producing project bonds; approval of state board of finance or state board of education.
- Article 18 - Public Securities Short-Term Interest Rates, 6-18-1 through 6-18-16.
- Section 6-18-1 - Short title.
- Section 6-18-10 - General provisions.
- Section 6-18-11 - Costs.
- Section 6-18-12 - Provisions for interest payments; tax levy.
- Section 6-18-13 - Finding of necessity by local governments.
- Section 6-18-14 - Interest; refunding; approval by local government; additional findings.
- Section 6-18-15 - Liberal construction; alternative authority.
- Section 6-18-16 - No action maintainable.
- Section 6-18-2 - Findings and declarations of necessity.
- Section 6-18-3 - Legislative intent.
- Section 6-18-4 - Definitions.
- Section 6-18-5 - Applicability.
- Section 6-18-6 - Short-term bonds.
- Section 6-18-7 - Variable rate demand bonds.
- Section 6-18-8 - Credit facilities.
- Section 6-18-8.1 - Contracts to exchange interest rates, cash flows or limit exposure.
- Section 6-18-9 - Trust agreements.
- Article 19 - Economic Advancement Districts, 6-19-1 through 6-19-18.
- Section 6-19-1 - Short title.
- Section 6-19-10 - General obligation bonds; interest; maturities.
- Section 6-19-11 - General obligation bonds; imposition of tax.
- Section 6-19-12 - Refunding bonds.
- Section 6-19-13 - Revenue bonds.
- Section 6-19-14 - Security for revenue bonds.
- Section 6-19-15 - Requirements respecting lease.
- Section 6-19-16 - Revenue bonds; refunding.
- Section 6-19-17 - Nature of all bonds issued pursuant to act.
- Section 6-19-18 - Dissolution of district.
- Section 6-19-2 - Definitions.
- Section 6-19-3 - Legislative intent.
- Section 6-19-4 - Creation of economic advancement districts.
- Section 6-19-5 - Board of trustees; organization; terms; vacancies; removal.
- Section 6-19-6 - Board of trustees; compensation; payment authority; bond.
- Section 6-19-7 - Board of trustees; powers.
- Section 6-19-8 - Board of trustees; duties.
- Section 6-19-9 - General obligation bonds.
- Article 20 - Private Activity Bonds, 6-20-1 through 6-20-11.
- Section 6-20-1 - Short title.
- Section 6-20-10 - Extensions.
- Section 6-20-11 - Administrative duties of the board.
- Section 6-20-2 - Definitions.
- Section 6-20-3 - Allocation of state ceiling.
- Section 6-20-4 - Issuance of private activity bonds.
- Section 6-20-5 - Request for allocation.
- Section 6-20-6 - Allocation.
- Section 6-20-7 - Carryforward election allocations.
- Section 6-20-8 - Confirmation of issuance of private activity bonds and mortgage credit certificate election.
- Section 6-20-9 - Assignments of allocations and carryforward election allocations.
- Article 21 - Finance Authority, 6-21-1 through 6-21-31.
- Section 6-21-1 - Short title.
- Section 6-21-10 - Purchases in name of authority; documentation.
- Section 6-21-11 - Bonds of the authority; use; security.
- Section 6-21-12 - Bonds; authorization for issuance; terms and conditions.
- Section 6-21-13 - Bonds secured by trust indenture.
- Section 6-21-14 - Publication of notice; validation; limitation of action.
- Section 6-21-15 - Refunding bonds.
- Section 6-21-16 - Bond anticipation notes.
- Section 6-21-17 - Remedies of bondholders.
- Section 6-21-18 - Agreement of the state.
- Section 6-21-19 - Bonds; legal investments for public officers and fiduciaries.
- Section 6-21-2 - Legislative findings; declaration of purpose.
- Section 6-21-20 - Tax exemption.
- Section 6-21-21 - Money of the authority; expenses; audit; annual report.
- Section 6-21-22 - Corporate existence.
- Section 6-21-23 - Prohibited actions.
- Section 6-21-24 - Conflicts of interest; penalty.
- Section 6-21-25 - Limitation of liability.
- Section 6-21-26 - Court proceedings; preference; venue.
- Section 6-21-27 - Cumulative authority.
- Section 6-21-28 - Liberal interpretation.
- Section 6-21-29 - Severability.
- Section 6-21-3 - Definitions.
- Section 6-21-30 - New Mexico finance authority oversight committee.
- Section 6-21-31 - Powers and duties.
- Section 6-21-4 - New Mexico finance authority created; membership; qualifications; quorum; meetings; compensation; bond.
- Section 6-21-5 - Powers of the authority.
- Section 6-21-5.1 - Bonds for county correctional facility loans.
- Section 6-21-6 - Public project revolving fund; purpose; administration.
- Section 6-21-6.1 - Public project revolving fund; appropriations to other funds.
- Section 6-21-6.10 - New Mexico finance authority revenue bonds; purpose; appropriation.
- Section 6-21-6.11 - Rural county cancer treatment fund created; purpose; appropriation.
- Section 6-21-6.12 - Local government transportation fund; created; distributions.
- Section 6-21-6.13 - Metropolitan court bond guarantee fund.
- Section 6-21-6.14 - Lease purchase revenue bonds; lease purchase agreements.
- Section 6-21-6.2 - Public project revolving fund; emergency public projects.
- Section 6-21-6.3 - Water and wastewater project grant fund; creation; administration; purposes.
- Section 6-21-6.4 - Local government planning fund; creation; administration; purposes.
- Section 6-21-6.5 - New Mexico finance authority revenue bonds; purposes.
- Section 6-21-6.6 - Repealed.
- Section 6-21-6.7 - Credit enhancement account created; use of account; release of money to the general fund.
- Section 6-21-6.8 - Local transportation infrastructure fund; creation; purpose; administration.
- Section 6-21-6.9 - Local transportation project revenue bonds; issuance.
- Section 6-21-7 - Public project finance program; duties of authority.
- Section 6-21-8 - Public project finance program; loans; purchase or sale of securities.
- Section 6-21-9 - Public project financing; powers of qualified entities.
- Article 21A - Drinking Water State Revolving Loan Fund, 6-21A-1 through 6-21A-10.
- Section 6-21A-1 - Short title.
- Section 6-21A-10 - County or municipal authority regarding the environment.
- Section 6-21A-2 - Purpose.
- Section 6-21A-3 - Definitions.
- Section 6-21A-4 - Fund created; administration.
- Section 6-21A-5 - Loan program; administration.
- Section 6-21A-6 - Financial assistance; criteria.
- Section 6-21A-7 - Department duties; powers.
- Section 6-21A-8 - Authority duties; powers.
- Section 6-21A-9 - Agreement of the state not to limit or alter rights of obligees.
- Article 21B - General Services Aviation Equipment Project Fund, 6-21B-1.
- Article 21C - State Office Building Acquisition Bonding, 6-21C-1 through 6-21C-11.
- Section 6-21C-1 - Short title.
- Section 6-21C-10 - Suit may be brought to compel performance of officers.
- Section 6-21C-11 - Building bonds tax exempt.
- Section 6-21C-2 - Repealed.
- Section 6-21C-2.1 - Findings and purpose.
- Section 6-21C-3 - Definitions.
- Section 6-21C-4 - New Mexico finance authority shall issue building bonds; appropriation of proceeds.
- Section 6-21C-5 - State building bonding fund created; money in the fund pledged.
- Section 6-21C-6 - Authority to refund bonds.
- Section 6-21C-7 - Building bonds; form; execution.
- Section 6-21C-8 - Procedure for sale of building bonds.
- Section 6-21C-9 - State Building Bonding Act is full authority for issuance of bonds; bonds are legal investments.
- Article 21D - Energy Efficiency and Renewable Energy Bonding Act, 6-21D-1 through 6-21D-10.
- Section 6-21D-1 - Short title.
- Section 6-21D-10 - Annual report required.
- Section 6-21D-2 - Definitions.
- Section 6-21D-3 - Building assessments for energy efficiency measures.
- Section 6-21D-4 - Contracts for the installation of energy efficiency measures.
- Section 6-21D-5 - Energy efficiency and renewable energy bonding fund; pledge of money in the fund.
- Section 6-21D-6 - Calculation of cost savings; transfers to energy efficiency and renewable energy bonding fund.
- Section 6-21D-6.1 - Energy efficiency assessment revolving fund.
- Section 6-21D-7 - Energy efficiency bonds authorized; conditions; procedure.
- Section 6-21D-8 - Energy efficiency and renewable energy bonding act is full authority for issuance of bonds; bonds are legal investments.
- Section 6-21D-9 - Bonds tax exempt.
- Article 22 - State Aid Interception, 6-22-1 through 6-22-3.
- Article 23 - Public Facility Energy Efficiency, 6-23-1 through 6-23-10.
- Section 6-23-1 - Short title.
- Section 6-23-10 - State institutions and buildings; use of certain revenues authorized.
- Section 6-23-2 - Definitions.
- Section 6-23-3 - Guaranteed utility savings contracts authorized; energy or water savings guarantee required.
- Section 6-23-4 - Guaranteed utility savings contract; performance guarantee required.
- Section 6-23-5 - Contract approval required.
- Section 6-23-6 - Contracts and agreements not a general obligation of the governmental unit.
- Section 6-23-6.1 - Reporting and retention of utility cost savings for state agencies.
- Section 6-23-7 - Public school utility conservation fund created; use.
- Section 6-23-8 - Municipalities; use of certain revenues authorized.
- Section 6-23-9 - Counties; use of certain revenues authorized.
- Article 24 - New Mexico Lottery, 6-24-1 through 6-24-34.
- Section 6-24-1 - Short title.
- Section 6-24-10 - Chief executive officer; compensation; appointment; duties.
- Section 6-24-11 - Employees; conflict of interest; investigations; bonds.
- Section 6-24-12 - Executive vice president for security; qualifications; duties.
- Section 6-24-13 - Determination of confidential information; applicability of Open Meetings Act; criminal investigations.
- Section 6-24-14 - Lottery retailers; contracts; sales commission; bonds.
- Section 6-24-15 - Lottery tickets; sales.
- Section 6-24-16 - Termination of lottery retailer contracts.
- Section 6-24-17 - Disclosure of odds.
- Section 6-24-18 - Felony and gambling-related convictions; ineligibility for lottery positions.
- Section 6-24-19 - Procurement; competitive proposals.
- Section 6-24-2 - Legislative findings.
- Section 6-24-20 - Disclosures by lottery vendor.
- Section 6-24-21 - Drawings for and payment of prizes; unclaimed prizes; applicability of taxation.
- Section 6-24-22 - Lien on lottery winnings for debt collected by human services department; payment to department; procedure.
- Section 6-24-23 - Lottery tuition fund created; purpose.
- Section 6-24-24 - Disposition of revenue.
- Section 6-24-25 - Prohibition on use of state funds.
- Section 6-24-26 - Authorization to issue revenue bonds.
- Section 6-24-27 - Revenue and budget reports; records; independent audits.
- Section 6-24-28 - Internal auditor; appointment; duties.
- Section 6-24-29 - Unlawfully influencing and fraud; penalties.
- Section 6-24-3 - Purposes.
- Section 6-24-30 - Conflicts of interest; penalties.
- Section 6-24-31 - Forgery of lottery ticket; penalty.
- Section 6-24-32 - Unlawful sale of lottery ticket; penalty.
- Section 6-24-33 - Unlawful purchase of lottery ticket; penalty.
- Section 6-24-34 - Criminal provisions of act in addition to any existing Criminal Code provisions.
- Section 6-24-4 - Definitions.
- Section 6-24-5 - New Mexico lottery authority created.
- Section 6-24-6 - Powers of the authority.
- Section 6-24-7 - Board of directors; duties.
- Section 6-24-8 - Lottery games; adoption of rules, policies and procedures by board.
- Section 6-24-9 - Legislative oversight; legislative finance committee; duties.
- Article 25 - Statewide Economic Development, 6-25-1 through 6-25-29.
- Section 6-25-1 - Short title.
- Section 6-25-10 - Use of project revenue bond proceeds.
- Section 6-25-11 - Project revenue bonds legal investments.
- Section 6-25-12 - Repealed.
- Section 6-25-13 - Economic development revolving fund.
- Section 6-25-14 - Tax impact fund.
- Section 6-25-15 - Cumulative authority.
- Section 6-25-16 - Liberal interpretation.
- Section 6-25-17 - Economic development revolving fund bonds of the authority; use; security.
- Section 6-25-18 - Economic development revolving fund bonds; authorization for issuance; terms and conditions.
- Section 6-25-19 - Economic development revolving fund bonds secured by trust indenture.
- Section 6-25-2 - Findings and purpose.
- Section 6-25-20 - Publication of notice; validation; limitation of action.
- Section 6-25-21 - Refunding bonds.
- Section 6-25-22 - Economic development revolving fund and project revenue bond anticipation notes.
- Section 6-25-23 - Remedies of holders of economic development revolving fund bonds and project revenue bonds.
- Section 6-25-24 - Agreement of the state.
- Section 6-25-25 - Economic development revolving fund bonds; legal investments.
- Section 6-25-26 - Tax exemption.
- Section 6-25-27 - Proprietary information; confidentiality; penalty.
- Section 6-25-28 - Application of other laws.
- Section 6-25-29 - Temporary provision; fund name change; outstanding bonds; fund balances.
- Section 6-25-3 - Definitions.
- Section 6-25-4 - Economic development department; additional powers.
- Section 6-25-5 - Additional duties of the economic development department and the New Mexico finance authority; opt-in agreements.
- Section 6-25-6 - New Mexico finance authority; additional powers and duties.
- Section 6-25-6.1 - New Mexico finance authority; additional powers; federal new markets tax credit program.
- Section 6-25-7 - Project revenue bonds.
- Section 6-25-8 - Leases of projects.
- Section 6-25-9 - Project revenue refunding bonds.
- Article 25A - New Mexico Exposition Center Authority, 6-25A-1 through 6-25A-23.
- Section 6-25A-1 - Short title.
- Section 6-25A-10 - Publication of notice; validation; limitation of action.
- Section 6-25A-11 - Refunding bonds.
- Section 6-25A-12 - Remedies of bondholders.
- Section 6-25A-13 - Agreement of the state.
- Section 6-25A-14 - Bonds; legal investment for public officers and fiduciaries.
- Section 6-25A-15 - Tax exemption.
- Section 6-25A-16 - Money of the authority; expenses; audit; annual report.
- Section 6-25A-17 - Corporate existence.
- Section 6-25A-18 - Prohibited actions.
- Section 6-25A-19 - Conflicts of interest; penalty.
- Section 6-25A-2 - Legislative findings.
- Section 6-25A-20 - Cumulative authority.
- Section 6-25A-21 - New Mexico exposition authority oversight committee.
- Section 6-25A-22 - Committee duties.
- Section 6-25A-23 - Severability.
- Section 6-25A-3 - Definitions.
- Section 6-25A-4 - New Mexico exposition center authority created; membership; qualifications; quorum; meetings; compensation; bond.
- Section 6-25A-5 - Powers of the authority.
- Section 6-25A-6 - Purchases in name of the authority; documentation.
- Section 6-25A-7 - Bonds of the authority; use; security.
- Section 6-25A-8 - Bonds; authorization for issuance; terms and conditions.
- Section 6-25A-9 - Bonds secured by trust indenture.
- Article 26 - Behavioral Health Capital Funding Act, 6-26-1 through 6-26-8.
- Section 6-26-1 - Short title.
- Section 6-26-2 - Purpose.
- Section 6-26-3 - Definitions.
- Section 6-26-4 - Behavioral health capital fund.
- Section 6-26-5 - Department; authority; rules.
- Section 6-26-6 - Department; authority; powers and duties.
- Section 6-26-7 - Eligible entity; change in status.
- Section 6-26-8 - Report.
- Article 27 - Affordable Housing Act, 6-27-1 through 6-27-8.
- Section 6-27-1 - Short title.
- Section 6-27-2 - Purpose.
- Section 6-27-3 - Definitions.
- Section 6-27-4 - Eligibility requirements; non-individual and individual qualifying grantees.
- Section 6-27-5 - State, county, municipalities and the authority; authorization for affordable housing.
- Section 6-27-6 - Requirement for specific law authorizing a housing assistance grant from state.
- Section 6-27-7 - Requirement for enactment of an ordinance by a county or a municipality and review by the authority authorizing housing assistance grants; requirement for adoption of a resolution by
- Section 6-27-8 - Provisions to ensure successful completion of affordable housing projects; investigation.
- Article 28 - Indian Capital Outlay, 6-28-1 through 6-28-8.
- Section 6-28-1 - Legislative findings and purpose.
- Section 6-28-2 - Fiscal agents for Navajo nation projects.
- Section 6-28-3 - Public employment programs.
- Section 6-28-4 - Direct payments.
- Section 6-28-5 - Navajo nation projects; general fund appropriations.
- Section 6-28-6 - Tribal Infrastructure Act.
- Section 6-28-7 - Presumption of indigency.
- Section 6-28-8 - Rulemaking authority.
- Article 29 - Tribal Infrastructure Act, 6-29-1 through 6-29-9.
- Section 6-29-1 - Short title.
- Section 6-29-2 - Findings and purpose.
- Section 6-29-3 - Definitions.
- Section 6-29-4 - Tribal infrastructure board created.
- Section 6-29-5 - Board; duties.
- Section 6-29-6 - Tribal infrastructure trust fund; created; investment; distribution.
- Section 6-29-7 - Tribal infrastructure project fund; created; purpose; appropriations.
- Section 6-29-8 - Legislative oversight; rule review; report.
- Section 6-29-9 - Tribal capital outlay reversions.
- Article 30 - Colonias Infrastructure, 6-30-1 through 6-30-8.
- Section 6-30-1 - Short title.
- Section 6-30-2 - Findings and purpose.
- Section 6-30-3 - Definitions.
- Section 6-30-4 - Colonias infrastructure board created.
- Section 6-30-5 - Board; duties.
- Section 6-30-6 - Authority; duties.
- Section 6-30-7 - Colonias infrastructure trust fund; created; investment; distribution.
- Section 6-30-8 - Colonias infrastructure project fund; created; purpose; appropriations.