The purpose of the College District Tax Act is to provide a uniform procedure for the authorization, imposition and collection of tax levies for the operation of college districts and the issuance of college district general obligation and revenue bonds for capital improvements in a college district.
History: Laws 1995, ch. 224, § 9.
Effective dates. — Laws 1995, ch. 224 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 16, 1995, 90 days after adjournment of the legislature.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 2A - College District Tax
Section 21-2A-1 - Short title.
Section 21-2A-2 - Definitions.
Section 21-2A-4 - Application of act.
Section 21-2A-5 - Special tax levy for college district operation.
Section 21-2A-6 - College district general obligation bonds; interest; form; payment.
Section 21-2A-7 - Payment of general obligation bonds; bond provisions.
Section 21-2A-8 - Refunding bonds; general obligation college district bonds.
Section 21-2A-9 - College district revenue bonds; refunding bonds.
Section 21-2A-10 - Procedure for election.
Section 21-2A-12 - Extended learning fund created; distribution of fund.