2021 New Mexico Statutes
Chapter 6 - Public Finances

Section 6-21B-1 - General services aviation equipment project fund; purpose; administration. - A. The "general services aviation equipment project fund" is created...

Article 21C - State Building Bonding

Section 6-21C-1 - Short title. - Chapter 6, Article 21C NMSA 1978 may be cited as...

Section 6-21C-2 - Repealed. - Repeals. — Laws 2003, ch. 371, § 13 repealed 6-21C-2...

Section 6-21C-2.1 - Findings and purpose. - A. The legislature finds that the expense of leasing office...

Section 6-21C-3 - Definitions. - As used in the State Building Bonding Act: A. "acquiring"...

Section 6-21C-4 - New Mexico finance authority shall issue building bonds; appropriation of proceeds. - A. The New Mexico finance authority is authorized to issue...

Section 6-21C-5 - State building bonding fund created; money in the fund pledged. - A. The "state building bonding fund" is created as a...

Section 6-21C-6 - Authority to refund bonds. - The New Mexico finance authority may issue and sell at...

Section 6-21C-7 - Building bonds; form; execution. - A. The New Mexico finance authority, except as otherwise specifically...

Section 6-21C-8 - Procedure for sale of building bonds. - A. Building bonds shall be sold by the New Mexico...

Section 6-21C-9 - State Building Bonding Act is full authority for issuance of bonds; bonds are legal investments. - A. The State Building Bonding Act shall, without reference to...

Section 6-21C-10 - Suit may be brought to compel performance of officers. - Any holder of building bonds or any person or officer...

Section 6-21C-11 - Building bonds tax exempt. - All building bonds shall be exempt from taxation by the...

Article 21D - Energy Efficiency and Renewable Energy Bonding Act

Section 6-21D-1 - Short title. - Chapter 6, Article 21D NMSA 1978 may be cited as...

Section 6-21D-2 - Definitions. - As used in the Energy Efficiency and Renewable Energy Bonding...

Section 6-21D-3 - Building assessments for energy efficiency measures. - A. Upon the request of a state agency or a...

Section 6-21D-4 - Contracts for the installation of energy efficiency measures. - Pursuant to an energy efficiency assessment performed under Section 6-21D-3...

Section 6-21D-5 - Energy efficiency and renewable energy bonding fund; pledge of money in the fund. - A. The "energy efficiency and renewable energy bonding fund" is...

Section 6-21D-6 - Calculation of cost savings; transfers to energy efficiency and renewable energy bonding fund. - A. Upon the installation of energy efficiency measures in a...

Section 6-21D-6.1 - Energy efficiency assessment revolving fund. - The "energy efficiency assessment revolving fund" is created in the...

Section 6-21D-7 - Energy efficiency bonds authorized; conditions; procedure. - A. The authority is authorized to issue and sell from...

Section 6-21D-8 - Energy Efficiency and Renewable Energy Bonding Act is full authority for issuance of bonds; bonds are legal investments. - A. The Energy Efficiency and Renewable Energy Bonding Act and...

Section 6-21D-9 - Bonds tax exempt. - All energy efficiency bonds shall be exempt from taxation by...

Section 6-21D-10 - Annual report required. - No later than December 1 of each year, the department...

Article 21E - Energy Conservation Bonds

Section 6-21E-1 - Qualified energy conservation bonds; allocation; issuance. - A. As used in this section: (1) "board" means the...

Article 22 - State Aid Interception

Section 6-22-1 - Short title. - Sections 1 through 3 [6-22-1 to 6-22-3 NMSA 1978] of...

Section 6-22-2 - Definitions. - As used in the State Aid Intercept Act: A. "default"...

Section 6-22-3 - Local revenue bonds; interception of state distributions to make debt service payments; notice. - A. A local government may receive a state distributions intercept...

Article 23 - Public Facility Energy Efficiency

Section 6-23-1 - Short title. - Chapter 6, Article 23 NMSA 1978 may be cited as...

Section 6-23-2 - Definitions. - As used in the Public Facility Energy Efficiency and Water...

Section 6-23-3 - Guaranteed utility savings contracts authorized; energy or water savings guarantee required. - A. A governmental unit may enter into a guaranteed utility...

Section 6-23-4 - Guaranteed utility savings contract; performance guarantee required. - A governmental unit shall not enter into a guaranteed utility...

Section 6-23-5 - Contract approval required. - A. A governmental unit shall not enter into a guaranteed...

Section 6-23-6 - Contracts and agreements not a general obligation of the governmental unit. - Payment obligations of a governmental unit pursuant to a guaranteed...

Section 6-23-6.1 - Reporting and retention of utility cost savings for state agencies. - A. A state agency entering into a guaranteed utility savings...

Section 6-23-7 - Public school utility conservation fund created; use. - A. The "public school utility conservation fund" is created as...

Section 6-23-8 - Municipalities; use of certain revenues authorized. - Upon adoption of an ordinance or resolution by an affirmative...

Section 6-23-9 - Counties; use of certain revenues authorized. - Upon adoption of an ordinance or resolution by an affirmative...

Section 6-23-10 - State institutions and buildings; use of certain revenues authorized. - Resulting utility cost savings and conservation-related cost savings, income from...

Article 24 - New Mexico Lottery

Section 6-24-1 - Short title. - Chapter 6, Article 24 NMSA 1978 may be cited as...

Section 6-24-2 - Legislative findings. - The legislature finds that: A. lotteries have been enacted in...

Section 6-24-3 - Purposes. - The purposes of the New Mexico Lottery Act are to:...

Section 6-24-4 - Definitions. - As used in the New Mexico Lottery Act: A. "authority"...

Section 6-24-5 - New Mexico lottery authority created. - A. There is created a public body, politic and corporate,...

Section 6-24-6 - Powers of the authority. - A. The authority shall have all powers necessary or convenient...

Section 6-24-7 - Board of directors; duties. - The board shall provide the authority with the private-sector perspective...

Section 6-24-8 - Lottery games; adoption of rules, policies and procedures by board. - The board may adopt rules, policies and procedures for the...

Section 6-24-9 - Legislative oversight; legislative finance committee; duties. - A. The legislative finance committee shall oversee the operations of...

Section 6-24-10 - Chief executive officer; compensation; appointment; duties. - A. The board shall appoint and set the compensation of...

Section 6-24-11 - Employees; conflict of interest; investigations; bonds. - A. No employee of the authority shall participate in any...

Section 6-24-12 - Executive vice president for security; qualifications; duties. - A. The chief executive officer shall hire an executive vice...

Section 6-24-13 - Determination of confidential information; applicability of Open Meetings Act; criminal investigations. - A. The authority is specifically authorized to determine which information...

Section 6-24-14 - Lottery retailers; contracts; sales commission; bonds. - A. Lottery tickets shall be sold only by a lottery...

Section 6-24-15 - Lottery tickets; sales. - A. The price of each lottery ticket shall be clearly...

Section 6-24-16 - Termination of lottery retailer contracts. - A. Any lottery retailer contract executed by the authority pursuant...

Section 6-24-17 - Disclosure of odds. - The authority shall make adequate disclosure of the odds with...

Section 6-24-18 - Felony and gambling-related convictions; ineligibility for lottery positions. - No person who has been convicted of a felony or...

Section 6-24-19 - Procurement; competitive proposals. - The authority shall enter into a contract for a procurement...

Section 6-24-20 - Disclosures by lottery vendor. - A. Any lottery vendor that submits a bid or proposal...

Section 6-24-21 - Drawings for and payment of prizes; unclaimed prizes; applicability of taxation. - A. All lottery prize drawings shall be open to the...

Section 6-24-22 - Lien on lottery winnings for debt collected by human services department; payment to department; procedure. - A. The human services department shall periodically certify to the...

Section 6-24-23 - Recompiled. - History: Laws 1995, ch. 155, § 23; 1997, ch. 106,...

Section 6-24-24 - Disposition of revenue. - A. As nearly as practical, an amount equal to at...

Section 6-24-25 - Prohibition on use of state funds. - The authority shall be self-sustaining and self-funded. No appropriations, loans...

Section 6-24-26 - Authorization to issue revenue bonds. - A. In order to provide funds for the initial development...

Section 6-24-27 - Revenue and budget reports; records; independent audits. - A. The board shall: (1) submit quarterly and annual reports...

Section 6-24-28 - Internal auditor; appointment; duties. - A. The board, with the recommendation and assistance of the...

Section 6-24-29 - Unlawfully influencing and fraud; penalties. - A. It is unlawful to knowingly: (1) influence the winning...

Section 6-24-30 - Conflicts of interest; penalties. - A. It is unlawful for the chief executive officer, a...

Section 6-24-31 - Forgery of lottery ticket; penalty. - A. It is unlawful to falsely make, alter, forge, pass,...

Section 6-24-32 - Unlawful sale of lottery ticket; penalty. - A. It is unlawful for: (1) any person to sell...

Section 6-24-33 - Unlawful purchase of lottery ticket; penalty. - A. It is unlawful for the following persons to purchase...

Section 6-24-34 - Criminal provisions of act in addition to any existing Criminal Code provisions. - The criminal provisions of the New Mexico Lottery Act are...

Article 25 - Statewide Economic Development

Section 6-25-1 - Short title. - Chapter 6, Article 25 NMSA 1978 may be cited as...

Section 6-25-2 - Findings and purpose. - A. The legislature finds that: (1) it is important for...

Section 6-25-3 - Definitions. - As used in the Statewide Economic Development Finance Act: A....

Section 6-25-4 - Economic development department; additional powers. - Consistent with the provisions of the Statewide Economic Development Finance...

Section 6-25-5 - Additional duties of the economic development department and the New Mexico finance authority; opt-in agreements. - A. For the purpose of recommending projects to the authority...

Section 6-25-6 - New Mexico finance authority; additional powers and duties. - A. To implement a program to assist eligible entities in...

Section 6-25-6.1 - New Mexico finance authority; additional powers; federal new markets tax credit program. - In addition to other powers granted to the authority, the...

Section 6-25-7 - Project revenue bonds. - A. The authority may issue project revenue bonds on behalf...

Section 6-25-8 - Leases of projects. - A. Prior to the department's lease of any project to...

Section 6-25-9 - Project revenue refunding bonds. - A. Outstanding project revenue bonds may be refunded by the...

Section 6-25-10 - Use of project revenue bond proceeds. - The proceeds from the sale of project revenue bonds issued...

Section 6-25-11 - Project revenue bonds legal investments. - Project revenue bonds issued pursuant to the Statewide Economic Development...

Section 6-25-12 - Repealed. - History: Laws 2003, ch. 349, § 12; repealed Laws 2005,...

Section 6-25-13 - Economic development revolving fund. - A. The "economic development revolving fund" is created within the...

Section 6-25-14 - Tax impact fund. - A. The "tax impact fund" is created within the state...

Section 6-25-15 - Cumulative authority. - The Statewide Economic Development Finance Act shall be deemed to...

Section 6-25-16 - Liberal interpretation. - The Statewide Economic Development Finance Act, being necessary for the...

Section 6-25-17 - Economic development revolving fund bonds of the authority; use; security. - A. The authority may issue and sell economic development revolving...

Section 6-25-18 - Economic development revolving fund bonds; authorization for issuance; terms and conditions. - A. Economic development revolving fund bonds of the authority shall...

Section 6-25-19 - Economic development revolving fund bonds secured by trust indenture. - Economic development revolving fund bonds may be secured by a...

Section 6-25-20 - Publication of notice; validation; limitation of action. - A. After adoption of a resolution authorizing issuance of economic...

Section 6-25-21 - Refunding bonds. - The authority is authorized to issue economic development revolving fund...

Section 6-25-22 - Economic development revolving fund and project revenue bond anticipation notes. - The authority is authorized to issue negotiable economic development revolving...

Section 6-25-23 - Remedies of holders of economic development revolving fund bonds and project revenue bonds. - Any holder of economic development revolving fund bonds or project...

Section 6-25-24 - Agreement of the state. - The state pledges to and agrees with the holders of...

Section 6-25-25 - Economic development revolving fund bonds; legal investments. - The economic development revolving fund bonds or notes issued under...

Section 6-25-26 - Tax exemption. - The promotion of proposed projects pursuant to the Statewide Economic...

Section 6-25-27 - Proprietary information; confidentiality; penalty. - A. Information obtained by the department or the authority that...

Section 6-25-28 - Application of other laws. - The Statewide Economic Development Finance Act shall be deemed to...

Section 6-25-29 - Temporary provision; fund name change; outstanding bonds; fund balances. - Nothing in this act shall be deemed to impair economic...

Article 25A - New Mexico Exposition Center Authority

Section 6-25A-1 - Short title. - This act [6-25A-1 to 6-25A-23 NMSA 1978] may be cited...

Section 6-25A-2 - Legislative findings. - The legislature finds that: A. there is a need for...

Section 6-25A-3 - Definitions. - As used in the New Mexico Exposition Center Authority Act:...

Section 6-25A-4 - New Mexico exposition center authority created; membership; qualifications; quorum; meetings; compensation; bond. - A. There is created a public body politic and corporate,...

Section 6-25A-5 - Powers of the authority. - The authority may: A. sue and be sued; B. adopt...

Section 6-25A-6 - Purchases in name of the authority; documentation. - A. All tangible and intangible property, real and personal property...

Section 6-25A-7 - Bonds of the authority; use; security. - A. The authority may issue and sell bonds in principal...

Section 6-25A-8 - Bonds; authorization for issuance; terms and conditions. - A. Bonds of the authority shall be authorized by resolution...

Section 6-25A-9 - Bonds secured by trust indenture. - Bonds of the authority may be secured by a trust...

Section 6-25A-10 - Publication of notice; validation; limitation of action. - A. After adoption of a resolution authorizing issuance of bonds,...

Section 6-25A-11 - Refunding bonds. - The authority may issue its bonds for the purpose of...

Section 6-25A-12 - Remedies of bondholders. - A holder of bonds issued by the authority or a...

Section 6-25A-13 - Agreement of the state. - The state pledges to and agrees with the holder of...

Section 6-25A-14 - Bonds; legal investment for public officers and fiduciaries. - Bonds issued by the authority shall be legal investments in...

Section 6-25A-15 - Tax exemption. - A. The creation of the authority is in all respects...

Section 6-25A-16 - Money of the authority; expenses; audit; annual report. - A. Money of the authority, except as otherwise authorized or...

Section 6-25A-17 - Corporate existence. - The authority and its corporate existence shall continue until terminated...

Section 6-25A-18 - Prohibited actions. - The authority shall not: A. deal in securities within the...

Section 6-25A-19 - Conflicts of interest; penalty. - A. If a member, officer or employee of the authority...

Section 6-25A-20 - Cumulative authority. - The New Mexico Exposition Center Authority Act shall be deemed...

Section 6-25A-21 - New Mexico exposition authority oversight committee. - There is created a joint interim legislative committee that shall...

Section 6-25A-22 - Committee duties. - The New Mexico exposition center authority oversight committee shall: A....

Section 6-25A-23 - Severability. - If any part or application of the New Mexico Exposition...

Article 26 - Behavioral Health Capital Funding Act

Section 6-26-1 - Short title. - This act [6-26-1 to 6-26-8 NMSA 1978] may be cited...

Section 6-26-2 - Purpose. - The purpose of the Behavioral Health Capital Funding Act is...

Section 6-26-3 - Definitions. - As used in the Behavioral Health Capital Funding Act: A....

Section 6-26-4 - Behavioral health capital fund. - A. The "behavioral health capital fund" is created as a...

Section 6-26-5 - Department; authority; rules. - The department, in conjunction with the authority, shall adopt rules...

Section 6-26-6 - Department; authority; powers and duties. - A. The department and the authority shall administer the loan...

Section 6-26-7 - Eligible entity; change in status. - If an eligible entity that has received a loan for...

Section 6-26-8 - Report. - The department and the authority shall report jointly to the...

Article 27 - Affordable Housing Act

Section 6-27-1 - Short title. - Chapter 6, Article 27 NMSA 1978 may be cited as...

Section 6-27-2 - Purpose. - The purpose of the Affordable Housing Act is to implement...

Section 6-27-3 - Definitions. - As used in the Affordable Housing Act: A. "affordable housing"...

Section 6-27-4 - Eligibility requirements; non-individual and individual qualifying grantees. - A. To be eligible to receive lands, buildings and infrastructure...

Section 6-27-5 - State, county, municipalities, instrumentalities of the state and the authority; authorization for affordable housing. - The state, including any agency or instrumentality of the state,...

Section 6-27-6 - Requirement for specific law authorizing a housing assistance grant from state. - A. The specific grant of authority created in the Affordable...

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. - A. A county or municipality may provide housing assistance grants...

Section 6-27-8 - Provisions to ensure successful completion of affordable housing projects; sale after foreclosure. - A. State, county and municipal housing assistance grants awarded pursuant...

Section 6-27-9 - Investigation of Affordable Housing Act violations; penalties; remedies. - A. The attorney general shall investigate an alleged violation of...

Article 28 - Indian Capital Outlay

Section 6-28-1 - Legislative findings and purpose. - A. The legislature finds that many residents of this state...

Section 6-28-2 - Fiscal agents for Navajo Nation projects. - The state recognizes the chapters of the Navajo Nation as...

Section 6-28-3 - Public employment programs. - Local tribal entities may be considered as vendors when they...

Section 6-28-4 - Direct payments. - A. In the case of capital outlay projects located within...

Section 6-28-5 - Navajo Nation projects; general fund appropriations. - Money appropriated from the general fund to several chapters of...

Section 6-28-6 - Tribal Infrastructure Act. - The provisions of this act [6-28-1 to 6-28-8 NMSA 1978]...

Section 6-28-7 - Presumption of indigency. - For the purposes of capital outlay projects located within Indian...

Section 6-28-8 - Rulemaking authority. - The department of finance and administration or the Indian affairs...

Article 29 - Tribal Infrastructure Act

Section 6-29-1 - Short title. - This act [6-29-1 to 6-29-9 NMSA 1978] may be cited...

Section 6-29-2 - Findings and purpose. - A. The legislature finds that: (1) tribes lack basic infrastructure...

Section 6-29-3 - Definitions. - As used in the Tribal Infrastructure Act: A. "board" means...

Section 6-29-4 - Tribal infrastructure board created. - A. The "tribal infrastructure board" is created and is administratively...

Section 6-29-5 - Board; duties. - The board shall: A. adopt rules governing terms, conditions and...

Section 6-29-6 - Tribal infrastructure trust fund; created; investment; distribution. - A. The "tribal infrastructure trust fund" is created in the...

Section 6-29-7 - Tribal infrastructure project fund; created; purpose; appropriations. - A. The "tribal infrastructure project fund" is created in the...

Section 6-29-8 - Legislative oversight; rule review; report. - A. Rules proposed by the board and the department of...

Section 6-29-9 - Tribal capital outlay reversions. - A. The unexpended balances of a capital outlay appropriation made...

Article 30 - Colonias Infrastructure

Section 6-30-1 - Short title. - Sections 1 through 8 [6-30-1 to 6-30-8 NMSA 1978] of...

Section 6-30-2 - Findings and purpose. - A. The legislature finds that: (1) colonias lack basic infrastructure...

Section 6-30-3 - Definitions. - As used in the Colonias Infrastructure Act: A. "authority" means...

Section 6-30-4 - Colonias infrastructure board created. - A. The "colonias infrastructure board" is created. B. The board...

Section 6-30-5 - Board; duties. - The board shall: A. promulgate such rules as are necessary...

Section 6-30-6 - Authority; duties. - The authority shall: A. provide staff support to the board;...

Section 6-30-7 - Colonias infrastructure trust fund; created; investment; distribution. - A. The "colonias infrastructure trust fund" is created in the...

Section 6-30-8 - Colonias infrastructure project fund; created; purpose; appropriations. - A. The "colonias infrastructure project fund" is created in the...

Article 31 - Economic Development Grants

Section 6-31-1 - Short title. - Sections 1 through 6 [6-31-1 to 6-31-6 NMSA 1978] of...

Section 6-31-2 - Purpose. - The purpose of the Economic Development Grant Act is to...

Section 6-31-3 - Definitions. - As used in the Economic Development Grant Act: A. "commission"...

Section 6-31-4 - Economic development grant program; created; oversight. - A. The "economic development grant program" is created in the...

Section 6-31-5 - Grant applications; grant recipients; requirements. - A. A local or regional economic development agency may submit...

Section 6-31-6 - Economic development grant fund created. - The "economic development grant fund" is created in the state...

Article 32 - Small Business Recovery and Stimulus

Section 6-32-1 - Short title. - Chapter 6, Article 32 NMSA 1978 may be cited as...

Section 6-32-2 - Definitions. - As used in the Small Business Recovery and Stimulus Act:...

Section 6-32-3 - Small business recovery loan fund; created; funding schedule. - A. The "small business recovery loan fund" is created in...

Section 6-32-4 - Loans; terms. - A. The authority shall receive and review applications for small...

Section 6-32-5 - Repayment. - A. Small business recovery loans shall be made for loan...

Section 6-32-6 - Repealed. - History: Laws 2020 (1st S.S.), ch. 6, § 6; repealed...

Section 6-32-7 - Reports; confidentiality. - A. Prior to October 1, 2021 and each October 1...

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2021 New Mexico Statutes Chapter 6 - Public Finances

2021 New Mexico Statutes
Chapter 6 - Public Finances