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Section 72-20-1 - Short title. - Chapter 72, Article 20 NMSA 1978 may be cited as...
Section 72-20-2 - Legislative declaration. - It is declared as a matter of legislative determination that:...
Section 72-20-3 - Decision of board or governing body final. - The action and decision of the board as to all...
Section 72-20-4 - Definitions. - Except where the context otherwise requires, as used in the...
Section 72-20-5 - Creation of authority. - There is created a flood control authority to be known...
Section 72-20-6 - Boundaries of authority. - A. Except as provided in Subsections B and C of...
Section 72-20-7 - Petition for exclusion. - Within one hundred eighty days from the effective date of...
Section 72-20-8 - Board of directors. - A. The governing body of the authority is a board...
Section 72-20-9 - Appointment of first board; initial management. - A. When the Eastern Sandoval County Arroyo Flood Control Act...
Section 72-20-10 - Election of directors; single-member districts. - A. At the time that a proposal to incur debt...
Section 72-20-11 - Nomination of directors. - Written nominations of any candidate as director may be filed...
Section 72-20-12 - Filling vacancies on the board. - Upon a vacancy occurring in the board by reason of...
Section 72-20-13 - Organizational meetings. - Except for the first board, each board shall meet on...
Section 72-20-14 - Board's administrative powers. - The board may exercise the following powers: A. fix the...
Section 72-20-15 - Records of board. - On all resolutions and orders, the roll shall be called,...
Section 72-20-16 - Meetings of the board. - All meetings of the board shall be held within the...
Section 72-20-17 - Compensation of directors. - Directors shall receive no compensation for their services as a...
Section 72-20-18 - Interest in contracts and property disqualifications. - No director or officer, employee or agent of the authority...
Section 72-20-19 - Flood control system; hearings. - The authority is authorized, empowered and directed, subject to the...
Section 72-20-20 - Implementing powers. - The board may: A. acquire, improve, equip, maintain and operate...
Section 72-20-21 - Protection of property rights. - It is declared that the use of the property, lands,...
Section 72-20-22 - Additional powers of the authority. - The authority may exercise the following duties, privileges, immunities, rights,...
Section 72-20-23 - Levy and collection of taxes. - To levy and collect taxes, the board shall determine in...
Section 72-20-23.1 - Temporary provision; limitation on property taxes on excluded land; exceptions for certain authorized debt obligations; approval of department of finance and administration. - A. On or after the effective date of this act,...
Section 72-20-24 - Levies to cover deficiencies. - The board, in certifying annual levies, shall take into account...
Section 72-20-25 - Sinking fund. - Whenever any indebtedness has been incurred by the authority, it...
Section 72-20-26 - Manner of levying and collecting taxes. - It is the duty of the body having authority to...
Section 72-20-27 - Delinquent taxes. - If the general (ad valorem) taxes levied are not paid,...
Section 72-20-28 - Elections. - Each biennial election of directors and any other election of...
Section 72-20-29 - Repealed. - History: Laws 2007, ch. 99, § 29; repealed by Laws...
Section 72-20-30 - Repealed. - History: Laws 2007, ch. 99, § 30; repealed by Laws...
Section 72-20-31 - Repealed. - History: Laws 2007, ch. 99, § 31; repealed by Laws...
Section 72-20-32 - Repealed. - History: Laws 2007, ch. 99, § 32; repealed by Laws...
Section 72-20-33 - Repealed. - History: Laws 2007, ch. 99, § 33; repealed by Laws...
Section 72-20-34 - Repealed. - History: Laws 2007, ch. 99, § 34; repealed by Laws...
Section 72-20-35 - Dissolution of authority. - If a petition is received pursuant to Section 7 [72-20-7...
Section 72-20-36 - Filing of dissolution resolution. - Within thirty days after the effective date of any resolution...
Section 72-20-37 - Disposition of property, funds and taxes of authority. - All property and all funds remaining in the treasury of...
Section 72-20-38 - Powers of public bodies. - The governing body of any municipality, federally authorized Indian nation,...
Section 72-20-39 - Effects of extraterritorial functions. - All of the powers, privileges, immunities and rights, exemptions from...
Section 72-20-40 - Forms of borrowing. - Upon the conditions and under the circumstances set forth in...
Section 72-20-41 - Issuance of notes. - The authority is authorized to borrow money without an election...
Section 72-20-42 - Issuance of warrants. - The authority is authorized to defray the cost of any...
Section 72-20-43 - Maturities of notes and warrants. - Notes and warrants may mature at such time not exceeding...
Section 72-20-44 - Issuance of bonds and incurrence of debt. - The authority is authorized to borrow money in anticipation of...
Section 72-20-45 - Issuance of temporary bonds. - The authority is authorized to issue temporary bonds, pending preparation...
Section 72-20-46 - Issuance of interim debentures. - The authority is authorized to borrow money and to issue...
Section 72-20-47 - Payment of securities. - All securities issued by the authority shall be authorized by...
Section 72-20-48 - Additionally secured securities. - The board, in connection with such additionally secured securities, in...
Section 72-20-49 - Pledge of revenues. - Any such revenues pledged directly or as additional security for...
Section 72-20-50 - Ranking among different issues. - All securities of the same issue or series shall, subject...
Section 72-20-51 - Ranking among securities of same issue. - All securities of the same issue or series shall be...
Section 72-20-52 - Payment recital in securities. - Each security issued under the Eastern Sandoval County Arroyo Flood...
Section 72-20-53 - Incontestable recital in securities. - Any resolution authorizing, or other instrument appertaining to, any securities...
Section 72-20-54 - Limitations upon payment of securities. - The payment of securities shall not be secured by an...
Section 72-20-55 - Limitations upon incurring any debt. - Nothing in the Eastern Sandoval County Arroyo Flood Control Act...
Section 72-20-56 - Security details. - Any securities authorized to be issued in the Eastern Sandoval...
Section 72-20-57 - Capitalization of costs. - Any resolution authorizing the issuance of securities or other instrument...
Section 72-20-58 - Other security details. - Securities may be issued in such manner, in such form,...
Section 72-20-59 - Reissuance of securities. - Any resolution authorizing the issuance of securities or any other...
Section 72-20-60 - Negotiability. - Subject to the payment provisions specifically provided in the Eastern...
Section 72-20-61 - Single bonds. - Notwithstanding any other provision of law, the board in any...
Section 72-20-62 - Lost or destroyed securities. - If lost or completely destroyed, any security may be reissued...
Section 72-20-63 - Execution of securities. - Any security shall be executed in the name of and...
Section 72-20-64 - Interest coupons. - Except for any bonds that are registrable for payment of...
Section 72-20-65 - Facsimile signatures. - Any of the officers, after filing with the secretary of...
Section 72-20-66 - Facsimile seal. - The secretary may cause the seal of the authority to...
Section 72-20-67 - Signatures of predecessors in office. - The securities and any coupons bearing the signatures of the...
Section 72-20-68 - Facsimile signatures of predecessors. - Any officer authorized or permitted in the Eastern Sandoval County...
Section 72-20-69 - Repurchase of securities. - The securities may be repurchased by the authority out of...
Section 72-20-70 - Customary provisions. - The resolution authorizing the securities or other instrument appertaining thereto...
Section 72-20-71 - Sale of securities. - Any securities authorized in the Eastern Sandoval County Arroyo Flood...
Section 72-20-72 - Sale discount or commission prohibited. - No discount, except as provided by the Eastern Sandoval County...
Section 72-20-73 - Application of proceeds. - All money received from the issuance of any securities authorized...
Section 72-20-74 - Use of unexpended proceeds. - Any unexpended balance of such security proceeds remaining after the...
Section 72-20-75 - Validity unaffected by use of proceeds. - The validity of such securities shall not be dependent on...
Section 72-20-76 - Covenants in security proceedings. - Any resolution or trust indenture authorizing the issuance of securities...
Section 72-20-77 - Remedies of security holders. - Subject to any contractual limitations binding upon the holders of...
Section 72-20-78 - Limitations upon liabilities. - Neither the directors nor any person executing securities issued under...
Section 72-20-79 - Cancellation of paid securities. - Whenever the treasurer shall redeem and pay any of the...
Section 72-20-80 - Interest after maturity. - No interest shall accrue on any security in the Eastern...
Section 72-20-81 - Refunding bonds. - Any bonds issued under the Eastern Sandoval County Arroyo Flood...
Section 72-20-82 - Method of issuance. - Any bonds issued for refunding purposes may either be delivered...
Section 72-20-83 - Limitations upon issuance. - No bonds may be refunded under the Eastern Sandoval County...
Section 72-20-84 - Use of refunding bond proceeds. - The proceeds of refunding bonds shall either be immediately applied...
Section 72-20-85 - Payment of refunding bonds. - Refunding revenue bonds may be made payable from any revenues...
Section 72-20-86 - Combination of refunding and other bonds. - Bonds for refunding and bonds for any other purpose or...
Section 72-20-87 - Supplemental provisions. - Except as specifically provided or necessarily implied in the Eastern...
Section 72-20-88 - Board's determination final. - The determination of the board that the limitations imposed upon...
Section 72-20-89 - Issuance of interim debentures and pledge of bonds as collateral security. - Notwithstanding any limitation or other provision in the Eastern Sandoval...
Section 72-20-90 - Interim debentures not to be extended. - No interim debenture issued pursuant to the provisions of Section...
Section 72-20-91 - Funding. - For the purpose of funding any interim debenture or interim...
Section 72-20-92 - Publication of resolution or proceedings. - In its discretion, the board may provide for the publication...
Section 72-20-93 - Failure to contest legality constitutes bar. - If no such action or proceedings are commenced or instituted...
Section 72-20-94 - Confirmation of contract proceedings. - In its discretion, the board may file a petition at...
Section 72-20-95 - Review and judgment of court. - The petition and notice shall be sufficient to give the...
Section 72-20-96 - Purpose of tax exemptions. - The effectuation of the powers authorized in the Eastern Sandoval...
Section 72-20-97 - Property exempt from general taxes. - The authority shall not be required to pay any general...
Section 72-20-98 - Securities and income therefrom exempt. - Securities issued under the Eastern Sandoval County Arroyo Flood Control...
Section 72-20-99 - Freedom from judicial process. - Execution or other judicial process shall not issue against any...
Section 72-20-100 - Resort to judicial process. - Section 99 [72-20-99 NMSA 1978] of the Eastern Sandoval County...
Section 72-20-101 - Legal investments in securities. - It shall be legal for the state and any of...
Section 72-20-102 - Open Meetings Act. - All actions and business of the board, including the first...
Section 72-20-103 - Liberal construction. - The Eastern Sandoval County Arroyo Flood Control Act, being necessary...