New Mexico Statutes
Article 27 - Border Development
Section 58-27-5 - Authority; members' compensation.

Appointed voting members of the authority shall be reimbursed for expenses in accordance with those provisions of the Per Diem and Mileage Act [10-8-1 to 10-8-8 NMSA 1978] that apply to nonsalaried public officers unless a different provision of that act applies to a specific member, in which case that member shall be paid under the applicable provision. Members and advisors shall receive no other compensation, perquisite or allowance for serving as a member of or advisor to the authority.
History: Laws 1991, ch. 131, § 5; 1995, ch. 192, § 3.
The 1995 amendment, effective June 16, 1995, deleted "Members and Advisors" following "Authority" in the section heading, and substituted "Appointed voting members of the authority" for "Members and advisors to the border authority whether voting or nonvoting" at the beginning of the section.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 58 - Financial Institutions and Regulations

Article 27 - Border Development

Section 58-27-1 - Short title.

Section 58-27-2 - Legislative purpose.

Section 58-27-3 - Definitions.

Section 58-27-4 - Border authority created; membership.

Section 58-27-5 - Authority; members' compensation.

Section 58-27-6 - Officers of the authority.

Section 58-27-7 - Executive committee of the authority.

Section 58-27-8 - Vacancies on authority.

Section 58-27-9 - Meetings and records of the authority.

Section 58-27-10 - Powers and duties of authority.

Section 58-27-11 - Repealed.

Section 58-27-12 - Authority staff; contracts.

Section 58-27-13 - Location of authority.

Section 58-27-14 - Authority fees and charges.

Section 58-27-15 - Border authority; bonding authority; power to issue revenue bonds.

Section 58-27-16 - Authority revenue bonds; terms.

Section 58-27-16.1 - Authority loans; terms.

Section 58-27-16.2 - Repealed.

Section 58-27-16.3 - Bonds secured by trust indenture.

Section 58-27-17 - Authority revenue bonds and borrowed funds not general obligations; authorization; authentication.

Section 58-27-18 - Security for bonds, notes or certificates of indebtedness.

Section 58-27-19 - Requirements respecting resolution and lease.

Section 58-27-20 - Use of proceeds from sale of bonds.

Section 58-27-21 - Border authority revenue bonds; refunding authorization.

Section 58-27-22 - Authority refunding bonds; escrow; detail.

Section 58-27-23 - Authority refunding revenue bonds; terms.

Section 58-27-24 - Exemption from taxation.

Section 58-27-25 - Fund created.

Section 58-27-25.1 - Border project fund; created; purpose; expenditures.

Section 58-27-26 - New Mexico finance authority oversight committee; oversight powers and duties.