The board of trustees shall:
A. be the governing authority of the district;
B. comply with the provisions of law for local governments pertaining to the preparation and approval of budgets by the local government division of the department of finance and administration;
C. comply with the provisions of law pertaining to the audit of local governments by the state auditor; and
D. adopt rules and regulations for the operation of the district and comply with the provisions of the State Rules Act [Chapter 14, Article 4 NMSA 1978].
History: Laws 1987, ch. 115, ยง 8.
Structure New Mexico Statutes
Article 19 - Economic Advancement Districts
Section 6-19-3 - Legislative intent.
Section 6-19-4 - Creation of economic advancement districts.
Section 6-19-5 - Board of trustees; organization; terms; vacancies; removal.
Section 6-19-6 - Board of trustees; compensation; payment authority; bond.
Section 6-19-7 - Board of trustees; powers.
Section 6-19-8 - Board of trustees; duties.
Section 6-19-9 - General obligation bonds.
Section 6-19-10 - General obligation bonds; interest; maturities.
Section 6-19-11 - General obligation bonds; imposition of tax.
Section 6-19-12 - Refunding bonds.
Section 6-19-13 - Revenue bonds.
Section 6-19-14 - Security for revenue bonds.
Section 6-19-15 - Requirements respecting lease.
Section 6-19-16 - Revenue bonds; refunding.
Section 6-19-17 - Nature of all bonds issued pursuant to act.