New Mexico Statutes
Chapter 6 - Public Finances

Article 1 - State Board of Finance

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. - A. The state board of finance shall consist of seven...

Section 6-1-2 - State board of finance; loans and grants of emergency funds. - If the state board of finance determines that an emergency...

Section 6-1-3 - Loans of emergency funds; terms and conditions for repayment; security and interest. - The state board of finance may prescribe those terms and...

Section 6-1-4 - Loans or grants obtained by political subdivisions; application of proceeds. - Any municipal corporation or other political subdivision obtaining a loan...

Section 6-1-5 - Repayment of loans; disposition of receipts; crediting emergency fund; deposit in general fund. - Any amount received by the state board of finance in...

Section 6-1-6 - [Separate accounts.] - Separate accounts shall be kept for every appropriation or fund,...

Section 6-1-7 - Repealed. - History: Laws 1935, ch. 27, § 2; 1941 Comp., §...

Section 6-1-8 to 6-1-12 - Repealed. - Repeals. — Laws 1987, ch. 339, § 1 repealed 6-1-8...

Section 6-1-13 - Deposit accounts by state agencies; authorization by state treasurer. - A. A state agency may not open a new deposit...

Article 2 - Settling Accounts

Section 6-2-1 - Examination of parties; oath; compelling testimony. - The secretary of finance and administration or the director of...

Article 3 - State Budgets

Section 6-3-1 - State agency defined. - "State agency" means any department, institution, board, bureau, commission, district...

Section 6-3-2 - Director of state budget division; qualifications. - The director of the state budget division shall be skilled...

Section 6-3-3 - State budget division; cooperation between state budget division and state agencies; assistance to state agencies. - There shall be full cooperation between the various state agencies...

Section 6-3-4 - State budget division; cooperation with legislature and committees; to supply information to legislature and committees. - The state budget division shall cooperate fully with the legislature...

Section 6-3-5 - State budget division; research; surveys; reports. - The state budget division is hereby authorized to engage in...

Section 6-3-6 - State budget division; periodic allotments. - A. The state budget division, subject to the approval of...

Section 6-3-7 - Annual operating budgets; supervision and control; submission of proposed budgets; approval; review by governor. - Each state agency shall annually on or before May 1...

Section 6-3-8 - [Violation of expenditure restrictions; penalty.] - Any public official or employee who shall violate provisions of...

Section 6-3-9 - State agency defined. - State agency means any department, institution, board, bureau, commission, district...

Section 6-3-10 - Budget defined. - The budget means a complete statement as to the financial...

Section 6-3-11 - Parts of the budget. - The budget shall contain the following parts: A. the governor's...

Section 6-3-11.2 - Repealed. - Repeals. — Laws 1989, ch. 71, § 2 repealed 6-3-11.1...

Section 6-3-12 - Printing of budget. - The budget shall be printed. History: 1953 Comp., § 11-4-2.4,...

Section 6-3-13 - Index. - The budget shall be indexed. History: 1953 Comp., § 11-4-2.5,...

Section 6-3-14 - Repealed. - Repeals. — Laws 1999, ch. 15, § 13 repealed 6-3-14...

Section 6-3-15 - State budget division director; powers and duties. - The director of the state budget division shall: A. administer...

Section 6-3-16 - Power to sue. - The secretary of finance and administration and the state budget...

Section 6-3-17 - Agencies subject to act. - All state agencies are subject to the provisions of this...

Section 6-3-18 - Budget forms. - On or before June 15 of each year, the state...

Section 6-3-19 - Agencies to complete budget forms. - Each state agency shall fill out the budget forms provided...

Section 6-3-20 - Review of budget forms. - The state budget division shall review the completed budget forms...

Section 6-3-21 - Preparation of the budget. - A. The governor shall prepare the budget and submit it...

Section 6-3-22 - Copies of the budget. - At the time the budget is submitted, each member of...

Section 6-3-23 - Budget adjustment defined. - As used in Chapter 6, Article 3 NMSA 1978, "budget...

Section 6-3-24 - Budget adjustments; authorizations permitted. - A. A state agency may be specifically authorized by law...

Section 6-3-25 - Budget adjustment procedure. - A. Except for federal funds, disaster assistance funds and emergency...

Article 3A - Accountability in Government

Section 6-3A-1 - Short title. - Chapter 6, Article 3A NMSA 1978 may be cited as...

Section 6-3A-2 - Findings and purpose. - A. The legislature finds that agencies should: (1) be granted...

Section 6-3A-3 - Definitions. - As used in the Accountability in Government Act: A. "agency"...

Section 6-3A-4 - Program identification. - A. Prior to July 15 of each year, each agency...

Section 6-3A-5 - Performance measures. - A. Prior to June 15 of each year, the division,...

Section 6-3A-6 - Schedule for submission of performance-based program budget requests. - No later than September 1 of each year, agencies shall...

Section 6-3A-7 - Performance-based program budget requests. - A. The division, in consultation with the committee, shall develop...

Section 6-3A-8 - Performance-based program budgets. - A. For each agency, the governor's proposed budget submitted pursuant...

Section 6-3A-9 - Quarterly reporting. - A. The division, in consultation with the committee, shall select...

Section 6-3A-10 - Program inventory. - The division and the committee shall approve a list of...

Article 4 - State Funds and Capital Programs

Section 6-4-1 - Capital programs; preparation; duties. - A. The department of finance and administration and the general...

Section 6-4-2 - [General fund created.] - There is created a fund to be known as the...

Section 6-4-2.1 - General fund operating reserve created; authorizing expenditures. - A. There is hereby created within the general fund the...

Section 6-4-2.2 - General fund tax stabilization reserve. - A. The "tax stabilization reserve" is created within the state...

Section 6-4-2.3 - Appropriation contingency fund. - There is created within the general fund the "appropriation contingency...

Section 6-4-2.4 - Repealed. - Repeals. — Laws 2000, ch. 27, § 7, repealed 6-4-2.4...

Section 6-4-2.5 - New Mexico recovery and reinvestment fund. - A. The legislature finds that: (1) the state is not...

Section 6-4-3 - State revenue-sharing trust fund created. - A. The "state revenue-sharing trust fund" is created. There shall...

Section 6-4-4 - Transfers between general fund reserves. - A. For the seventy-seventh and subsequent fiscal years, if the...

Section 6-4-5 - Repealed. - History: 1978 Comp., § 6-4-5, enacted by Laws 1987, ch....

Section 6-4-6 - Expenditures authorized to maintain cash flow. - For cash flow purposes all amounts that have been appropriated...

Section 6-4-7 - Computer systems enhancement fund; created. - There is created in the state treasury the "computer systems...

Section 6-4-8 - Repealed. - History: Laws 1993, ch. 65, § 20; repealed by Laws...

Section 6-4-9 - Tobacco settlement permanent fund; investment; distribution. - A. The "tobacco settlement permanent fund" is created in the...

Section 6-4-10 - Tobacco settlement program fund created; purpose. - A. The "tobacco settlement program fund" is created in the...

Section 6-4-11 - Tobacco settlement distributions to state; transfer to tobacco settlement permanent fund. - The state treasurer shall deposit in the tobacco settlement permanent...

Section 6-4-12 - Definitions. - As used in Sections 6-4-12 and 6-4-13 NMSA 1978: A....

Section 6-4-13 - Requirements. (Contingent repeal.) - A. Any tobacco product manufacturer selling cigarettes to consumers within...

Section 6-4-13.1 - Severability. - If the 2004 amendment to Paragraph (2) of Subsection B...

Section 6-4-14 - Short title. - Sections 6-4-14 through 6-4-24 NMSA 1978 may be cited as...

Section 6-4-15 - Findings and purpose. - The legislature finds that violations of Section 6-4-13 NMSA 1978...

Section 6-4-16 - Definitions. - As used in the Tobacco Escrow Fund Act [6-4-14 to...

Section 6-4-17 - Certification by tobacco product manufacturer. - A. No later than April 30 of each year, a...

Section 6-4-18 - Directory of tobacco product manufacturers and cigarette brands. - A. The attorney general shall develop, maintain and publish on...

Section 6-4-18.1 - Bond requirements for newly qualified and elevated risk nonparticipating manufacturers. - A. The attorney general may require a nonparticipating manufacturer to...

Section 6-4-19 - Maintenance of directory; notice. - A. If the attorney general determines to remove from or...

Section 6-4-20 - Agent for service of process. - A. A nonparticipating manufacturer not registered to do business in...

Section 6-4-20.1 - Joint and several liability. - For each nonparticipating manufacturer located outside the United States, each...

Section 6-4-21 - Reporting of information; escrow installments. - A. A distributor shall submit to the department by the...

Section 6-4-22 - Penalties and other remedies. - A. It is unlawful for a person to: (1) affix...

Section 6-4-23 - General provisions. - A. The attorney general and the secretary shall promulgate rules...

Section 6-4-24 - Construction of act. - If a court finds that a provision of the Tobacco...

Section 6-4-24.1 - Attorney general authority; audit and investigation. - The attorney general or the attorney general's authorized representative may...

Section 6-4-24.2 - Presumption. - In any action under Section 6-4-13 NMSA 1978, reports of...

Section 6-4-25 - Gasoline and home heating relief fund; created. - The "gasoline and home heating relief fund" is created in...

Section 6-4-26 - Governor's contingency fund; created; purpose; audits. - The "governor's contingency fund" is created in the state treasury....

Section 6-4-27 - Excess extraction taxes suspense fund; transfer of excess oil and gas emergency school tax revenue; tax stabilization reserve; early childhood education and care fund. - A. The "excess extraction taxes suspense fund" is created as...

Article 5 - Financial Control

Section 6-5-1 - Definitions. - As used in Chapter 6, Article 5 NMSA 1978: A....

Section 6-5-2 - Financial control division; central system of state accounts; accounting systems; processing documents; model accounting practices; internal accounting controls. - A. The division shall maintain a central system of state...

Section 6-5-2.1 - Division; additional duties. - The division shall: A. coordinate all procedures for financial administration...

Section 6-5-3 - Legality and authority for proposed expenditures determined by division and state agency; encumbering funds. - Before any vouchers or purchase orders are issued or contracts...

Section 6-5-4 - Repealed. - Repeals. — Laws 2003, ch. 273, § 25 repealed 6-5-4...

Section 6-5-4.1 - Annual financial report. - The division shall compile a comprehensive annual financial report. To...

Section 6-5-5 - Warrants issued by secretary; powers and duties of state auditor regarding warrants and transfer of funds imposed upon secretary. - All warrants upon the state treasury shall be issued by...

Section 6-5-6 - Determinations to be made prior to issuance of warrants. - A. No warrant upon the state treasury for the disbursement...

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. - Every warrant issued or its supporting documentation shall contain the...

Section 6-5-8 - Vouchers. - All claims for payment of public money shall be made...

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. - The secretary of finance and administration may, when he determines...

Section 6-5-9.1 - Procurement card project. - The division shall design and implement a procurement card project...

Section 6-5-10 - State agency reversions; director powers; compliance with federal rules. - A. Except as provided in Subsections B and C of...

Section 6-5-11 - "Annual" defined for payroll administration. - For the purpose of administering payroll for all branches of...

Article 5A - Requirements for Receiving Funds from Certain Organizations

Section 6-5A-1 - Definitions; requirements for governmental entities that receive funds or property from certain organizations. - A. As used in this section: (1) "agency" means any...

Article 6 - Local Government Finances

Section 6-6-1 - Definitions. - "Local public body" means every political subdivision of the state...

Section 6-6-2 - Local government division; powers and duties. - The local government division of the department of finance and...

Section 6-6-3 - Local public bodies; duties. - Every local public body shall: A. keep all the books,...

Section 6-6-4 - Local government division; research and survey; report to governor and legislature. - The local government division shall have the power, authority and...

Section 6-6-4.1 - Local government division; additional duties; occupancy tax quarterly reports. - The local government division of the department of finance and...

Section 6-6-5 - Record of approved budget. - Upon receipt of any budget approved by the local government...

Section 6-6-6 - Approved budgets; claims or warrants in excess of budget; liability. - When any budget for a local public body has been...

Section 6-6-7 - [Limitation on county expenditures during year official's term expires; exceptions.] - It shall be unlawful for the board of county commissioners,...

Section 6-6-8 - Repealed. - Repeals. — Laws 1979, ch. 54, § 1 repealed 6-6-8...

Section 6-6-9 - [Limitation on municipal expenditures during year officials' terms expire.] - It shall be unlawful for the governing board or council...

Section 6-6-10 - Violation of expense limit; penalty. - Any member of any board of county commissioners, or of...

Section 6-6-11 - Yearly expenditures limited to income; Bateman Act. - It is unlawful for any board of county commissioners, municipal...

Section 6-6-12 - Exemptions from Bateman Act. - Insurance contracts not exceeding five years, joint projects between two...

Section 6-6-13 - Salaries to be prorated. - All fees, salaries and perquisites of officers of counties, municipalities,...

Section 6-6-14 - [Insufficient funds; prorating salaries and claims; preference for expense of boarding prisoners.] - In the event that there is an insufficient amount of...

Section 6-6-15 - [Void indebtedness; payment from later collections; disposition of surplus.] - The void indebtedness mentioned in Section 6-6-11 NMSA 1978 shall...

Section 6-6-16 - [Appealed claims; payment.] - In the event any claimant, during any current year, should...

Section 6-6-17 - [Current year same as fiscal year.] - The current year for the purpose of Sections 6-6-11, 6-6-13...

Section 6-6-18 - Current year; disposition of funds. - All money collected from the tax schedule of any one...

Section 6-6-19 - Local government permanent fund. - A. The local governing body of a county or municipality...

Section 6-6-20 - Municipal post-employment life insurance benefits trust. - A. A municipal post-employment life insurance benefits trust may be...

Article 6A - Leasehold Community Assistance

Section 6-6A-1 - Short title. - This act [6-6A-1 to 6-6A-5 NMSA 1978] may be referred...

Section 6-6A-2 - Definition. - As used in the Leasehold Community Assistance Act, "leasehold community"...

Section 6-6A-3 - Leasehold community assistance fund; creation; dispositon [disposition]. - A. There is created in the state treasury the "leasehold...

Section 6-6A-4 - Leasehold communities; duties. - Every leasehold community shall: A. keep all the books, records...

Section 6-6A-5 - Inclusion of leasehold community assistance fund in the local government division's annual budget. - The local government division shall calculate the amount of funds...

Article 7 - Disaster Relief (Recompiled.)

Section 6-7-1 - Recompiled. - Recompilations. — Laws 2005, ch. 22, § 4 recompiled former...

Section 6-7-2 - Recompiled. - Recompilations. — Laws 2005, ch. 22, § 4 recompiled former...

Section 6-7-3 - Recompiled. - Recompilations. — Laws 2005, ch. 22, § 4 recompiled former...

Article 8 - Investment of Public Money

Section 6-8-1 - Definitions. - As used in Chapter 6, Article 8 NMSA 1978: A....

Section 6-8-2 - State investment council. - A. There is created a "state investment council". The council...

Section 6-8-3 - Council terms and qualifications. - A. Members of the council appointed pursuant to Paragraphs (6)...

Section 6-8-4 - Investment office; state investment officer; terms. - A. There is established an "investment office". The chief administrative...

Section 6-8-5 - Bond; staff; budget. - A. Before the state investment officer or other responsible employee...

Section 6-8-6 - Transfer of investment powers. - The functions, powers and duties vested by law relating to...

Section 6-8-7 - Powers and duties of the state investment council and state investment officer; investment policy; investment managers. - A. Subject to the limitations, conditions and restrictions contained in...

Section 6-8-8 - Compromise; adjustment. - In the event of default in the payment of principal...

Section 6-8-9 - Repealed. - History: 1953 Comp., § 11-2-8.12, enacted by Laws 1957, ch....

Section 6-8-10 - Investment standards. - Investments made pursuant to Sections 6-8-1 through 6-8-16 NMSA 1978...

Section 6-8-11 - Custody of securities. - Securities purchased or held by the state investment officer or...

Section 6-8-12 - Repealed. - Repeals. — Laws 1996, ch. 4, § 3, repealed 6-8-12...

Section 6-8-13 - Record of investments. - The investment office shall keep accurate and complete records and...

Section 6-8-14 - Monthly reports. - No later than twenty days after the end of each...

Section 6-8-15 - Post-audit. - The state auditor shall be responsible for conducting a continuous...

Section 6-8-16 - Annual report. - On or before January 1 of each year, and at...

Section 6-8-17 - Repealed. - History: 1953 Comp., § 11-2-10.1, enacted by Laws 1970, ch....

Section 6-8-18 - Repealed. - History: 1953 Comp., § 11-2-10.2, enacted by Laws 1970, ch....

Section 6-8-19 - Repealed. - History: Laws 1987, ch. 126, § 1; 1989, ch. 98,...

Section 6-8-20 - Repealed. - History: Laws 1987, ch. 219, § 3; 1990, ch. 126,...

Section 6-8-21 - Repealed. - History: Laws 1997, ch. 183, § 5; 2001, ch. 252,...

Section 6-8-22 - Disclosure of third-party marketers; penalty. - A. Neither the state investment council nor the state investment...

Section 6-8-23 - Compensation under contingent fee contracts; suspense fund created. - A. For the purpose of making disbursements and distributions pursuant...

Section 6-8-24 - Qui tam plaintiffs. - Nothing in this 2011 act [6-8-7, 6-8-23 NMSA 1978] shall...

Section 6-8-25 - Accounts for support of persons with disabilities. - The state treasurer shall establish and maintain the program established...

Article 8A - Accounts for Persons with Disabilities

Section 6-8A-1 - Short title. - Sections 1 through 7 [6-8A-1 to 6-8A-7 NMSA 1978] of...

Section 6-8A-2 - Definitions. - As used in the Accounts for Persons with Disabilities Act:...

Section 6-8A-3 - Duties and authority of the office. - A. The office shall: (1) ensure that an account meets...

Section 6-8A-4 - Accounts. - A. An account owner may: (1) establish an account with...

Section 6-8A-5 - Duties of financial organization or fiduciary. - A. If a designated beneficiary incurs a qualified disability expense,...

Section 6-8A-6 - State as creditor of account. - Subject to any outstanding payments due for qualified disability expenses,...

Section 6-8A-7 - Treatment of accounts under federal means-tested programs. - A. Notwithstanding any other provision of federal law that requires...

Section 6-8A-8 - Disclaimer of liability. - The state shall not be liable for financial losses suffered...

Article 9 - Facsimile Signatures

Section 6-9-1 - Definitions. - As used in the Uniform Facsimile Signature of Public Officials...

Section 6-9-2 - Facsimile signature. - Any authorized officer, after filing with the secretary of state...

Section 6-9-3 - Use of facsimile seal. - When the seal of this state or any of its...

Section 6-9-4 - Violation and penalty. - Any person who with intent to defraud uses on a...

Section 6-9-5 - Uniformity of interpretation. - This act [6-9-1 to 6-9-6 NMSA 1978] shall be so...

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

Article 10 - Public Money

Section 6-10-1 - Fiscal year designated. - A. The fiscal year for the state and for the...

Section 6-10-1.1 - Definitions. - As used in Chapter 6, Article 10 NMSA 1978: A....

Section 6-10-1.2 - Payment methods authorized; fee. - A. A state agency or local governing body may accept...

Section 6-10-2 - Public money; cash books; daily balance; public record. - It is the duty of every public official or agency...

Section 6-10-2.1 - State treasurer; duty. - The state treasurer shall identify and allocate to the general...

Section 6-10-3 - Payment of state money into treasury; suspense funds. - All public money in the custody or under the control...

Section 6-10-4 - Payment of obligations of prior years from current year appropriations. - A. Except as provided in Subsection B of this section,...

Section 6-10-5 - General fund deficiency; certificates of indebtedness. - In the event of a deficiency in the state general...

Section 6-10-6 - Issuance of certificates. - The certificates shall bear interest at a rate to be...

Section 6-10-7 - Retirement of certificates. - Such certificates of indebtedness shall be paid within two years...

Section 6-10-8 - County boards of finance. - The board of county commissioners in each county in the...

Section 6-10-9 - Boards of finance for institutions. - The boards in control of the various public and educational...

Section 6-10-10 - Deposit and investment of funds. - A. Upon the certification or designation of a bank, savings...

Section 6-10-10.1 - Local government investment pool created; distribution of earnings; report of investments. - A. There is created in the state treasury the "local...

Section 6-10-10.2 - Statements of condition required to be transmitted to the state cash manager. - As a condition of retaining state deposits or investments, each...

Section 6-10-11 - Approval of investment of state funds. - No moneys of this state belonging to any sinking fund...

Section 6-10-12 - [Investment of special road fund balances over $10,000.] - The state treasurer is hereby authorized and directed to invest,...

Section 6-10-13 - [Limitation on investment of special road fund.] - Investments mentioned in Section one [6-10-12 NMSA 1978] of this...

Section 6-10-14 - [Securities eligible for special road fund investments.] - Investments provided for in Section one [6-10-12 NMSA 1978] shall...

Section 6-10-15 - Surety for deposits. - No public moneys in the custody of the state treasurer...

Section 6-10-16 - Security for deposits of public money. - A. Deposits of public money shall be secured by: (1)...

Section 6-10-16.1 - Security for public deposits. - All deposits of public funds shall be secured by securities...

Section 6-10-17 - Amount of security to be deposited. - Any bank or savings and loan association designated as a...

Section 6-10-17.1 - Noncompliance with collateral requirements; withdrawal of public funds. - When a treasurer, board of finance or board of control...

Section 6-10-18 - Assignment of securities; disposition. - A. Any bank or savings and loan association designated as...

Section 6-10-19 - Ineligible depository bonds. - No depository bond with personal sureties shall be accepted as...

Section 6-10-20 - Additional security. - Any board of finance or board of control may at...

Section 6-10-21 - Security for deposits; safekeeping; regulations of state board of finance. - The state board of finance is authorized and directed to...

Section 6-10-22 - Security for deposits; liability for loss. - The state treasurer or any board of finance or the...

Section 6-10-23 - Safekeeping of pledged securities; acceptance, release and substitution. - A. Whenever securities pledged by a depository bank or savings...

Section 6-10-24 - Deposit of public funds in federally insured banks, savings and loan associations and credit unions; conditions. - A. The state treasurer, the several county and municipal treasurers,...

Section 6-10-24.1 - State funds; limitation. - A. No person depositing or investing state funds in banks...

Section 6-10-24.2 - Linked deposit program. - A. As used in this section: (1) "financially at risk...

Section 6-10-25 - Declaration of policy. - All moneys of the state, except permanent funds and income...

Section 6-10-26 - Quarterly reports of funds on demand deposit; investment in interest-bearing deposits and securities. - On or before the tenth day of each quarter of...

Section 6-10-27 - Provisions inapplicable to permanent and certain other funds. - The provisions of Sections 6-10-25 and 6-10-26 NMSA 1978, shall...

Section 6-10-28 - Investment of bond proceeds. - The state treasurer, upon order of the state board of...

Section 6-10-29 - Banks, savings and loan associations and credit unions to furnish statement of deposits monthly; credit interest monthly; signature to checks. - A. Every bank, savings and loan association and credit union...

Section 6-10-30 - Interest rates set by state board of finance. - The state board of finance at any time, but at...

Section 6-10-31 - Interest on time deposits. - Any board of finance may, whenever in its opinion such...

Section 6-10-32 - Treatment of interest on land grant funds. - All interest collected by the state treasurer on deposits, whether...

Section 6-10-33 - Interest limited to maximum permitted by federal law or regulation. - No deposit of public funds shall bear interest where any...

Section 6-10-34 - Withdrawal of time deposits subject to federal law or regulation. - Notwithstanding any other provision of law, no time deposit of...

Section 6-10-35 - Fiscal agent of New Mexico; state checking depositories; state depositories; designation by board of finance. - A. Except as otherwise provided by law, the state board...

Section 6-10-36 - Public money deposits of certain governmental units; distribution; interest. - A. All public money, except that in the custody of...

Section 6-10-36.1 - Receipts of public money; disposition by certain municipalities. - A municipality or village having within its boundaries no suitable...

Section 6-10-37 - State treasurer to make deposits. - The state treasurer shall deposit all money in his custody...

Section 6-10-38 - Bonds of state treasurer, municipal treasurers and treasurers of boards in control. - The state treasurer shall give an official bond in the...

Section 6-10-39 - [Official bonds; payment of premiums; form.] - If any state, county, city or town officer or treasurer...

Section 6-10-40 - Officials receiving consideration for placing loan or deposit; misusing funds; failure to deposit; penalty. - Any person holding the office of state treasurer or the...

Section 6-10-41 - Suspense account unearned money; transfer. - All unearned moneys deposited in a suspense account with the...

Section 6-10-42 - Authorizing fund transfers to address delays in revenue; restrictions. - The state board of finance shall have power when there...

Section 6-10-43 - Interest and sinking-fund balances. - If a balance remains in an interest or sinking fund...

Section 6-10-44 - Temporary investment of excess funds; federal bonds or treasury certificates eligible. - If at any time the state treasurer, or the treasurer...

Section 6-10-44.1 - Deposits in credit unions. - Notwithstanding the provisions of Sections 6-10-36 or 6-10-44 NMSA 1978...

Section 6-10-45 - [Deposit of local funds with state treasurer to match allotments.] - The local governing authorities of counties, cities, towns and villages...

Section 6-10-46 - Disbursement of state funds; vouchers and warrants. - All payments and disbursements of public funds of the state...

Section 6-10-47 - [Safekeeping and insurance of money and securities in state treasury; payment of cost.] - The state board of finance shall have power to contract...

Section 6-10-48 - Insolvency of depository institution; profit and loss account. - Whenever any state funds have been deposited with any depository...

Section 6-10-49 - [Insolvency of banks; state funds; right to recover deposits not impaired.] - That the provisions of this act [6-10-48, 6-10-49 NMSA 1978],...

Section 6-10-50 - Loss of money deposited in qualified banks, savings and loan associations or credit unions; treasurers relieved of liability. - No treasurer is liable for the loss of public money...

Section 6-10-51 - To cover all moneys lawfully intrusted to treasurers. - All moneys, whether belonging to the state of New Mexico...

Section 6-10-52 - [Failure to comply with specific requirements; penalty.] - Any person who shall willfully or knowingly fail to perform...

Section 6-10-53 - [Bribery of public treasurers and employees; penalty.] - Any person or persons who shall directly or indirectly pay...

Section 6-10-54 - [Institutions exempted from paying over money to state treasurer; liability for failure to make authorized deposit.] - The several educational, charitable and penal institutions of the state...

Section 6-10-55 - Short title. - This act [6-10-55 to 6-10-57 NMSA 1978] may be cited...

Section 6-10-56 - Definitions. - As used in the Warrant Cancellation Act: A. "fiscal officer"...

Section 6-10-57 - Cancellation of warrants. - A. Whenever any warrant issued by the state, county, municipality,...

Section 6-10-58 - Signing checks for state funds. - From and after the taking effect of this act, all...

Section 6-10-59 - Loss or destruction of state or political subdivision warrant or order for money; issue of duplicate. - In case of the loss or destruction of any warrant,...

Section 6-10-60 - Issuance of duplicate; affidavit; bond to save state or political subdivision harmless. - A. If the original warrant, draft, check or order has...

Section 6-10-61 - [Permanent fund investment laws not affected.] - Nothing in this act shall be construed to prevent the...

Section 6-10-62 - Destruction of documentary evidence of extinguished debt; certificates of destruction; retention. - A. When a debt in the form of a bond,...

Section 6-10-63 - Electronic fund transfers. - Notwithstanding any other provision of law, any public money may...

Article 11 - Acceptance and Disbursement of United States Funds

Section 6-11-1 - [Funds from forest reserves; acceptance.] - That the terms and conditions of the acts of congress...

Section 6-11-2 - [Transmission of money to counties.] - The treasurer of the state of New Mexico shall transmit...

Section 6-11-3 - Application of money to forest reserve school purposes fund and county road fund; expenditure upon roads; building of roads. - A. Money received under Section 6-11-2 NMSA 1978 shall be...

Section 6-11-4 - [Officer not to receive compensation; misapplication of funds; penalty; removal.] - No officer shall receive any compensation for the receipt, handling...

Section 6-11-5 - [Taylor Grazing Act funds; distribution.] - That all funds received by the state of New Mexico...

Section 6-11-6 - [Farm and range improvement fund; approval of expenditures.] - All money so received by any county shall be placed...

Section 6-11-7 - Short title. - This act [6-11-7 to 6-11-9 NMSA 1978] may be cited...

Section 6-11-8 - Public works grant-in-aid fund. - There is created in the state treasury the "public works...

Section 6-11-9 - Administration; limitations. - A. The secretary of the department of finance and administration...

Article 12 - State Indebtedness

Section 6-12-1 - [Borrowing or investing permanent funds to pay interest on state bonds.] - The state treasurer is authorized by this article [6-12-1, 6-12-2...

Section 6-12-2 - Certificates of indebtedness and interest; treasurer may borrow to pay. - Whenever the money in the funds is insufficient to meet...

Section 6-12-3 - Repealed. - History: 1941 Comp., § 7-503, enacted by Laws 1941, ch....

Section 6-12-4 - [Public sale of securities.] - Such bonds, debentures and certificates shall, notwithstanding the provisions of...

Section 6-12-5 - [Application of act.] - The provisions of this act [6-12-4, 6-12-5 NMSA 1978] shall...

Section 6-12-6 - State refunding bonds; authorized; purpose. - The state treasurer may, with the approval of the state...

Section 6-12-7 - Refunding bond issuance; procedure. - Whenever the state treasurer deems it expedient to issue refunding...

Section 6-12-8 - Refunding bonds; formal requisites; registration. - All refunding bonds issued under Sections 6-12-6 through 6-12-14 NMSA...

Section 6-12-9 - [Manner of payment of principal and interest; maturity in annual installment; schedule of maturities.] - Both principal and interest of said bond[s] shall be payable...

Section 6-12-10 - [Validity.] - The said bonds signed, countersigned, endorsed and sealed as provided...

Section 6-12-11 - [Exchange for bonds to be refunded; sale; disposition of proceeds.] - All such refunding bonds may be exchanged dollar for dollar...

Section 6-12-12 - [Irrepealable contract; irregularities and defects waived; tax exemption.] - The provisions of this act [6-12-6 to 6-12-14 NMSA 1978]...

Section 6-12-13 - [Tax levy for payment; continuance of levies for bonds to be refunded; application of receipts.] - To provide for the payment of the interest and principal...

Section 6-12-14 - [Bonds surrendered for refunding; entries; destruction.] - Upon the surrender of any bonds refunded under the provisions...

Section 6-12-15 - State bond guarantee fund; creation; purposes. - A. There is created within the state treasury the "state...

Appendix - Appendix A to Article 12 - Appendix A to Article 12. General Obligation Bonds The following...

Appendix - Appendix B to Article 12 - Appendix B to Article 12. Revenue Bonds The following laws...

Article 12A - Short-Term Cash Management

Section 6-12A-1 - Short title. - This act [6-12A-1 to 6-12A-15 NMSA 1978] may be cited...

Section 6-12A-2 - Purpose. - The purpose of the Short-Term Cash Management Act is to...

Section 6-12A-3 - Definitions. - As used in the Short-Term Cash Management Act: A. "anticipated...

Section 6-12A-4 - State treasurer certification. - Whenever the state treasurer deems it necessary to issue anticipation...

Section 6-12A-5 - Anticipation notes; authorization; state board of finance approval. - A. In order to anticipate the collection and receipt of...

Section 6-12A-6 - Source of repayment. - Principal of and interest on anticipation notes shall be payable...

Section 6-12A-7 - Anticipation notes debt service fund created. - The "anticipation notes debt service fund" is created in the...

Section 6-12A-8 - Proceeds from anticipation notes; anticipation notes fund created; investment. - The "anticipation notes fund" is created in the state treasury....

Section 6-12A-9 - Anticipation notes; legal investment; tax exemption. - Anticipation notes issued by the state treasurer pursuant to the...

Section 6-12A-10 - Expenses. - The expenses incurred by the state treasurer related to the...

Section 6-12A-11 - State treasurer; duty to make payments and keep records. - The state treasurer shall pay the principal of and interest...

Section 6-12A-12 - Authority for issuance. - The Short-Term Cash Management Act, without reference to any other...

Section 6-12A-13 - Action to compel performance of officers. - Any holder of anticipation notes or any person who is...

Section 6-12A-14 - Anticipation notes exempt from taxation. - Anticipation notes are exempt from taxation by the state or...

Section 6-12A-15 - Anticipation notes not a general obligation of the state. - Anticipation notes are not a general obligation of the state,...

Article 13 - Institution Bonds

Section 6-13-1 - Short title. - Sections 6-13-1 through 6-13-26 NMSA 1978 may be cited as...

Section 6-13-2 - State institutions. - The state institutions, within the meaning of Chapter 6, Article...

Section 6-13-3 - General borrowing authority. - For the purpose of erecting, purchasing or otherwise acquiring, altering,...

Section 6-13-4 - General bonding authority. - Whenever the governing board of any state institution, by affirmative...

Section 6-13-5 - Bonds; form; terms. - Bonds issued under the Institution Bond Act shall be payable...

Section 6-13-6 - [Sale of bonds.] - That said bonds may be sold at public or private...

Section 6-13-7 - [Proceeds from sale of bonds; building and improvement fund; expenditures.] - That the proceeds from the sale of said bonds shall...

Section 6-13-8 - [Interest and retirement fund; establishment; purpose.] - That the governing board issuing said bonds shall, at the...

Section 6-13-9 - [Pledge of income from permanent funds of state institutions.] - That for the faithful and prompt payment of all interest...

Section 6-13-10 - [Permanent funds from disposition of lands held in trust for state institutions; investment.] - That from and after the passage and approval of this...

Section 6-13-11 - Bond payment. - It is the duty of the secretary and treasurer of...

Section 6-13-12 - [Income from permanent funds of institutions; payment to interest and retirement fund; duties of state treasurer.] - That it is hereby made the duty of the state...

Section 6-13-13 - [Bonds issued in series.] - That in the event the board of any of the...

Section 6-13-14 - [Limitation on amount of issue.] - None of such boards of any state institution shall have...

Section 6-13-15 - [Exemption from taxation.] - That bonds issued under the provisions of this act [6-13-1...

Section 6-13-16 - [Funds derived from sale of bonds; restrictions on use.] - That none of the funds derived from the sale of...

Section 6-13-17 - [Issuance and sale of bonds; approval of state board of finance.] - That no bonds shall be finally issued and sold under...

Section 6-13-18 - Security; priority of liens. - A. All bonds of the same issue under the Institution...

Section 6-13-19 - Refunding; purposes. - Any bonds issued under the Institution Bond Act, or under...

Section 6-13-20 - Refunding; issuance of bonds. - A. Any bonds issued under the Institution Bond Act for...

Section 6-13-21 - Refunding; conditions of bonds. - Under the Institution Bond Act: A. no bonds may be...

Section 6-13-22 - Refunding; escrowed proceeds. - Under the Institution Bond Act, any escrowed proceeds may be...

Section 6-13-23 - Refunding; payment of bonds. - Refunding bonds issued under the Institution Bond Act may be...

Section 6-13-24 - Refunding; bonds retired. - Under the Institution Bond Act, outstanding bonds of more than...

Section 6-13-25 - Refunding; priority of liens. - Whenever bonds for refunding and bonds for any other purposes...

Section 6-13-26 - Refunding; procedures. - Except as changed or necessarily implied with reference to refunding,...

Appendix - Appendix to Article 13 - Appendix to Article 13. State Institution Bonds. The following laws...

Article 14 - Public Securities

Section 6-14-1 - Short title. - Sections 6-14-1 through 6-14-3 NMSA 1978 may be cited as...

Section 6-14-2 - Definitions. - As used in the Public Securities Act: A. "net effective...

Section 6-14-3 - Public securities; price. - A. A public body may issue and sell its public...

Section 6-14-4 - Short title. - This act [6-14-4 to 6-14-7 NMSA 1978] may be cited...

Section 6-14-5 - Definitions. - As used in the Public Securities Limitation of Action Act...

Section 6-14-6 - Publication of notice after adoption of resolution or ordinance. - A public body, or the state, after having adopted a...

Section 6-14-7 - Validation; limitation of action. - After the passage of thirty days from the publication required...

Section 6-14-8 - Short title. - Sections 6-14-8 through 6-14-11 NMSA 1978 may be cited as...

Section 6-14-9 - Definitions. - As used in the Supplemental Public Securities Act: A. "authorizing...

Section 6-14-10 - Form; payment; registrar; transfer; authentication of public securities; records. - A. Public securities may be issued in book entry form,...

Section 6-14-10.1 - Investment of proceeds; compliance with Internal Revenue Code of 1986. - Notwithstanding any other provision of law to the contrary, and...

Section 6-14-10.2 - Delegation of authority by public body; authorizing instrument. - A. A public body may adopt an authorizing instrument that...

Section 6-14-11 - Scope of act. - The Supplemental Public Securities Act [6-14-8 to 6-14-11 NMSA 1978]...

Section 6-14-12 - Legislative intent. - It is the intent of the legislature that the provisions...

Article 15 - Finances of Counties, Municipalities and School Districts

Section 6-15-1 - Bonds payable from ad valorem taxes; notice of proposed issuance. - When any county, city, town, village or school district of...

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; disposition. - It shall be the duty of the local government division,...

Section 6-15-3 - Bonds; forms; interest; maturities. - A. Hereafter all general obligation bonds, except refunding bonds, issued...

Section 6-15-4 - Tax levy for payment of bonds. - The officials now or hereafter charged by law with the...

Section 6-15-5 - Sale of bonds. - A. All of the bonds shall be offered and sold...

Section 6-15-6 - [Bids for bonds refused; return of deposits.] - If a bid be accepted the deposits of all other...

Section 6-15-7 - Maturity date of bonds; limitation. - Bonds issued hereunder shall never be issued to run for...

Section 6-15-8 - ["Municipal corporation" as used in Sections 6-15-3 to 6-15-8 NMSA 1978 defined.] - The term municipal corporation shall, for the purpose of this...

Section 6-15-9 - Bonds authorized at election; time limit on issuance; exceptions. - Bonds shall not be issued or sold by a school...

Section 6-15-10 - Unissued bonds authorized at election; when void; exceptions. - In all cases where bond issues by the school districts,...

Section 6-15-11 - Refunding bonds of county, municipality or school district; approval of issuance; purpose. - The governing body of any county, municipality or school district...

Section 6-15-12 - Ordinance or resolution for refunding bonds; contents; maturities. - Whenever such governing body shall deem it expedient to issue...

Section 6-15-13 - Execution of refunding bonds; interest coupons; mode of payment; installments. - The refunding bonds shall be in such form as the...

Section 6-15-14 - Levy of taxes to pay annual installments and interest. - The governing body of any county, municipality or school district...

Section 6-15-15 - Exchange for bonds to be refunded; sales. - All such refunding bonds may be exchanged dollar for dollar...

Section 6-15-16 - [Record of refunding bonds.] - The governing body of any county, municipality or school district...

Section 6-15-17 - [Retired refunding bonds to be destroyed.] - All such refunding bonds paid and retired shall be burned...

Section 6-15-18 - [Bonds surrendered for refunding; record; destruction.] - Upon the surrender of any bonds refunded under the provisions...

Section 6-15-19 - [Definition of terms.] - The term "municipality" shall mean any incorporated city, town, or...

Section 6-15-20 - Application of bond proceeds; procedures; limitations. - A. The proceeds derived from the issuance of any refunding...

Section 6-15-21 - Contributions securing payment of bonds. - In order to provide for the payment of maturing principal...

Section 6-15-22 - Creation of sinking funds to secure payment of bonds. - A. Any bonds authorized pursuant to Sections 6-6-7 to 6-6-18...

Section 6-15-23 - Repealed. - History: 1953 Comp., § 11-6-35, enacted by Laws 1970, ch....

Section 6-15-24 - Repealed. - History: 1953 Comp., § 11-6-36, enacted by Laws 1970, ch....

Section 6-15-25 - Repealed. - History: 1953 Comp., § 11-6-37, enacted by Laws 1970, ch....

Section 6-15-26 - Repealed. - History: 1953 Comp., § 11-6-38, enacted by Laws 1971, ch....

Section 6-15-27 - Repealed. - History: 1953 Comp., § 11-6-39, enacted by Laws 1970, ch....

Section 6-15-28 - Repealed. - History: 1953 Comp., § 11-6-40, enacted by Laws 1970, ch....

Article 15A - Education Technology Equipment

Section 6-15A-1 - Short title. - Chapter 6, Article 15A NMSA 1978 may be cited as...

Section 6-15A-2 - Purpose. - The purpose of the Education Technology Equipment Act is to...

Section 6-15A-3 - Definitions. - As used in the Education Technology Equipment Act: A. "debt"...

Section 6-15A-4 - Notice of proposed lease-purchase arrangements. - When a school district contemplates entering into a lease-purchase arrangement...

Section 6-15A-5 - School budget planning unit of the state department of public education to furnish information, transcripts of proceedings and disposition. - The school budget planning unit of the state department of...

Section 6-15A-6 - Tax levy for payment of lease-purchase agreement. - The officials charged by law with the duty of levying...

Section 6-15A-7 - Lease-purchase arrangements; terms. - Lease-purchase arrangements may: A. have interest, appreciated principal value, or...

Section 6-15A-8 - Authorizing lease-purchase of education technology equipment; preliminary resolution; contents; notice; final resolution of approval. - A. If a local school board proposes to lease-purchase education...

Section 6-15A-9 - Publication of notice; validation; limitation of action. - A. After adoption of a resolution approving a lease-purchase arrangement,...

Section 6-15A-10 - Refunding or refinancing lease-purchase arrangements. - School districts are authorized to enter into lease-purchase arrangements for...

Section 6-15A-11 - Agreement of the state. - The state does hereby pledge to and agree with the...

Section 6-15A-12 - Legal investments for public officers and fiduciaries. - Lease-purchase arrangements entered into under the authority of the Education...

Section 6-15A-13 - Tax exemption. - The state covenants with the purchasers and all subsequent holders...

Section 6-15A-14 - Cumulative and complete authority. - The Education Technology Equipment Act shall be deemed to provide...

Section 6-15A-15 - Liberal interpretation. - The Education Technology Equipment Act, being necessary for the welfare...

Section 6-15A-16 - Severability. - If any part or application of the Education Technology Equipment...

Section 6-15A-17 - Charter schools; receipt of education technology equipment. - On or after July 1, 2015, a school district that...

Article 16 - Public Securities Validation

Section 6-16-1 - Short title. - This act [6-16-1 to 6-16-5 NMSA 1978] may be cited...

Section 6-16-2 - Definitions. - As used in the 2005 Public Securities Validation Act: A....

Section 6-16-3 - Validation. - All outstanding public securities of the state and of all...

Section 6-16-4 - Effect and limitations. - The 2005 Public Securities Validation Act shall operate to supply...

Section 6-16-5 - Construction. - This act [6-16-1 to 6-16-5 NMSA 1978] being necessary to...

Article 17 - Finances of State Educational Institutions

Section 6-17-1 - Income-producing buildings and improvements; authority to borrow funds. - A. Boards of education and boards of regents of the...

Section 6-17-1.1 - Definitions. - As used in Chapter 6, Article 17 NMSA 1978, "state...

Section 6-17-2 - Resolution for issuance of bonds for income-producing projects. - Whenever a county, independent rural, union high or municipal board...

Section 6-17-3 - Conditions of income-producing project bonds. - County, independent rural, union high and municipal boards of education...

Section 6-17-4 - Determination of charges relating to income-producing projects. - Such board of regents shall be required to make such...

Section 6-17-5 - Determination of charges relating to income-producing projects. - Such county, independent rural, union high and municipal board of...

Section 6-17-6 - Sale of income-producing project bonds; interest and retirement fund; separation of units. - No bonds or other evidence of indebtedness authorized hereunder shall...

Section 6-17-7 - Net income, gross income and operating and maintenance expenses of income-producing projects; definitions. - The net income from the building, facility or improvement so...

Section 6-17-8 - Records and expenditures for income-producing projects. - The board shall cause to be kept separate and complete...

Section 6-17-9 - Procedure prior to issuance of income-producing project bonds; approval of state board of finance or state board of education. - Before any money is borrowed and any bonds or other...

Section 6-17-10 - [Tax exemption of income-producing project bonds.] - Bonds and all other evidences of indebtedness issued under the...

Section 6-17-11 - Security for income-producing bonds; rules and regulations. - All money borrowed and bonds and other evidences of indebtedness...

Section 6-17-12 - Debt against state not to be created by income-producing project bonds. - No obligation created under this article shall ever be or...

Section 6-17-13 - [Institutional bond statutes not affected by income-producing bond law.] - This act [6-17-1 to 6-17-13 NMSA 1978, except 6-17-1.1 NMSA...

Section 6-17-14 - Pledge of additional revenue. - A. Any board of education or board of regents issuing...

Section 6-17-15 - Refunding bonds; convertibility. - A. In addition to all other powers granted, any board...

Section 6-17-16 - [Validation.] - That all bonds heretofore issued under authority of the act...

Section 6-17-17 - Refunding bonds. - A. No bonds may be refunded under Section 6-17-14 through...

Section 6-17-18 - Exchange of bonds. - In authorizing bonds, including refunding bonds, under Chapter 73, Article...

Section 6-17-19 - Validation. - All bonds issued prior to the effective date of this...

Article 18 - Public Securities Short-Term Interest Rates

Section 6-18-1 - Short title. - This act [6-18-1 to 6-18-16 NMSA 1978] may be cited...

Section 6-18-2 - Findings and declarations of necessity. - A. It is found and declared that there exists a...

Section 6-18-3 - Legislative intent. - A. It is the intent of the legislature by the...

Section 6-18-4 - Definitions. - As used in the Public Securities Short-Term Interest Rate Act,...

Section 6-18-5 - Applicability. - Every public body authorized to issue any bonds under any...

Section 6-18-6 - Short-term bonds. - A public body may authorize short-term bonds, including short-term general...

Section 6-18-7 - Variable rate demand bonds. - A public body may issue bonds, including variable rate demand...

Section 6-18-8 - Credit facilities. - With respect to any bonds issued under the provisions of...

Section 6-18-8.1 - Contracts to exchange interest rates, cash flows or limit exposure. - A. A public body that has issued or proposes to...

Section 6-18-9 - Trust agreements. - The public body may, with respect to any bonds issued...

Section 6-18-10 - General provisions. - A. The bond legislation for any bonds authorized under the...

Section 6-18-11 - Costs. - The public body may pay the fees and expenses of,...

Section 6-18-12 - Provisions for interest payments; tax levy. - A. Subject to any applicable limitations on indebtedness, with respect...

Section 6-18-13 - Finding of necessity by local governments. - No public body shall exercise any of the powers conferred...

Section 6-18-14 - Interest; refunding; approval by local government; additional findings. - Bonds issued under the Public Securities Short-Term Interest Rate Act...

Section 6-18-15 - Liberal construction; alternative authority. - The authority granted by the Public Securities Short-Term Interest Rate...

Section 6-18-16 - No action maintainable. - No action or proceeding, at law or in equity, to...

Article 19 - Economic Advancement Districts

Section 6-19-1 - Short title. - This act [6-19-1 to 6-19-18 NMSA 1978] may be cited...

Section 6-19-2 - Definitions. - As used in the Economic Advancement District Act: A. "board...

Section 6-19-3 - Legislative intent. - It is the intent of the legislature by passage of...

Section 6-19-4 - Creation of economic advancement districts. - A. There may be created economic advancement districts for the...

Section 6-19-5 - Board of trustees; organization; terms; vacancies; removal. - A. If the required majority of votes were cast in...

Section 6-19-6 - Board of trustees; compensation; payment authority; bond. - A. Each member of the board of trustees shall receive...

Section 6-19-7 - Board of trustees; powers. - The board of trustees may: A. perform all functions consistent...

Section 6-19-8 - Board of trustees; duties. - The board of trustees shall: A. be the governing authority...

Section 6-19-9 - General obligation bonds. - A. The board of trustees may issue general obligation bonds...

Section 6-19-10 - General obligation bonds; interest; maturities. - A. General obligation bonds issued by a district shall mature...

Section 6-19-11 - General obligation bonds; imposition of tax. - A. The officials now or hereafter charged by law with...

Section 6-19-12 - Refunding bonds. - A. The board of trustees may issue bonds in the...

Section 6-19-13 - Revenue bonds. - A. The board of trustees may issue revenue bonds for...

Section 6-19-14 - Security for revenue bonds. - The principal or interest on any revenue bonds issued under...

Section 6-19-15 - Requirements respecting lease. - Prior to the leasing of any project, the board of...

Section 6-19-16 - Revenue bonds; refunding. - A. Any revenue bonds issued pursuant to the Economic Advancement...

Section 6-19-17 - Nature of all bonds issued pursuant to act. - Bonds issued pursuant to the authority of the Economic Advancement...

Section 6-19-18 - Dissolution of district. - A district shall be dissolved in the following manner: A....

Article 20 - Private Activity Bonds

Section 6-20-1 - Short title. - Sections 1 through 12 [6-20-1 to 6-20-11 NMSA 1978] of...

Section 6-20-2 - Definitions. - A. As used in the Private Activity Bond Act: (1)...

Section 6-20-3 - Allocation of state ceiling. - A. Until July 1 in any calendar year, forty percent...

Section 6-20-4 - Issuance of private activity bonds. - A. Except as otherwise provided in the Private Activity Bond...

Section 6-20-5 - Request for allocation. - A request for allocation may be submitted to the board...

Section 6-20-6 - Allocation. - After considering a request for allocation, the board may within...

Section 6-20-7 - Carryforward election allocations. - An issuing authority may submit to the board a request...

Section 6-20-8 - Confirmation of issuance of private activity bonds and mortgage credit certificate election. - Within seven business days after an issuing authority issues any...

Section 6-20-9 - Assignments of allocations and carryforward election allocations. - Allocations and carryforward election allocations are not assignable by an...

Section 6-20-10 - Extensions. - The allocation expiration date may be extended by the board...

Section 6-20-11 - Administrative duties of the board. - The board: A. shall maintain the official state records pertaining...

Article 21 - Finance Authority

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

Section 6-21-2 - Legislative findings; declaration of purpose. - A. The legislature finds that: (1) there are necessary state...

Section 6-21-3 - Definitions. - As used in the New Mexico Finance Authority Act: A....

Section 6-21-4 - New Mexico finance authority created; membership; qualifications; quorum; meetings; compensation; bond. - A. There is created a public body politic and corporate,...

Section 6-21-5 - Powers of the authority. - The authority is granted all powers necessary and appropriate to...

Section 6-21-5.1 - Bonds for county correctional facility loans. - The authority may issue bonds for a county to design,...

Section 6-21-5.2 - Report to legislature; authorizing instrument; delegation of authority for public securities issuances. - By September 30 of each year, the authority shall report...

Section 6-21-6 - Public project revolving fund; purpose; administration. - A. The "public project revolving fund" is created within the...

Section 6-21-6.1 - Public project revolving fund; appropriations to other funds. - A. At the end of each fiscal year, after all...

Section 6-21-6.2 - Expired. - History: Laws 1999, ch. 4, § 2; 2002, ch. 52,...

Section 6-21-6.3 - Water and wastewater project grant fund; creation; administration; purposes. - A. There is created in the authority the "water and...

Section 6-21-6.4 - Local government planning fund; creation; administration; purposes. - A. The "local government planning fund" is created within the...

Section 6-21-6.5 - New Mexico finance authority revenue bonds; purposes. - The New Mexico finance authority may issue and sell revenue...

Section 6-21-6.6 - Repealed. - History: Laws 2003, ch. 325, § 3; repealed by Laws...

Section 6-21-6.7 - Credit enhancement account created; use of account; release of money to the general fund. - A. The "credit enhancement account" is created as a separate...

Section 6-21-6.8 - Local transportation infrastructure fund; creation; purpose; administration. - A. The "local transportation infrastructure fund" is created within the...

Section 6-21-6.9 - Local transportation project revenue bonds; issuance. - A. The authority may issue and sell local transportation project...

Section 6-21-6.10 - New Mexico finance authority revenue bonds; purpose; appropriation. - A. The authority may issue and sell revenue bonds in...

Section 6-21-6.11 - Rural county cancer treatment fund created; purpose; appropriation. - The "rural county cancer treatment fund" is created in the...

Section 6-21-6.12 - Local government transportation fund; created; distributions. - A. The "local government transportation fund" is created within the...

Section 6-21-6.13 - Metropolitan court bond guarantee fund. - A. The "metropolitan court bond guarantee fund" is created in...

Section 6-21-6.14 - Lease purchase revenue bonds; lease purchase agreements. - A. If specifically authorized by law, the authority may issue...

Section 6-21-6.15 - New Mexico finance authority revenue bonds; authorized; university of New Mexico hospital and university of New Mexico health sciences center. - A. The New Mexico finance authority may issue and sell...

Section 6-21-7 - Public project finance program; duties of authority. - The authority has the following duties: A. to develop and...

Section 6-21-8 - Public project finance program; loans; purchase or sale of securities. - To implement a program to assist qualified entities in financing...

Section 6-21-9 - Public project financing; powers of qualified entities. - A qualified entity may: A. obligate itself to pay to...

Section 6-21-10 - Purchases in name of authority; documentation. - A. All tangible and intangible property, real and personal property...

Section 6-21-11 - Bonds of the authority; use; security. - A. The authority may issue and sell bonds in principal...

Section 6-21-12 - Bonds; authorization for issuance; terms and conditions. - A. Bonds of the authority shall be authorized by resolution...

Section 6-21-13 - Bonds secured by trust indenture. - The bonds may be secured by a trust indenture between...

Section 6-21-14 - Publication of notice; validation; limitation of action. - A. After adoption of a resolution authorizing issuance of bonds,...

Section 6-21-15 - Refunding bonds. - The authority is authorized to issue its bonds for the...

Section 6-21-16 - Bond anticipation notes. - The authority is authorized to issue negotiable bond anticipation notes...

Section 6-21-17 - Remedies of bondholders. - Any holder of bonds issued pursuant to the New Mexico...

Section 6-21-18 - Agreement of the state. - The state does hereby pledge to and agree with the...

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New Mexico Statutes Chapter 6 - Public Finances

New Mexico Statutes
Chapter 6 - Public Finances