reglab/housing_qa huggingface dataset:
NM Stat § 3-60A-41 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60A - Metropolitan Redevelopment|Section 3-60A-41 - Option to purchase.

A. A lease may grant the user of a project an option to purchase all or a part of the project at a stipulated purchase price or at a price to be determined upon appraisal as is provided in the lease. B. The option may be exercised at a time as the lease may provide. C. The local government and the user may agree and provide in the lease that all or a part of the rentals paid by the user prior to and at the time of the exercise of the option shall be applied toward the purchase price and shall be in full or partial satisfaction of the purchase price. History: Laws 1979, ch. 391, § 41; 2018, ch. 60, § 38. ANNOTATIONSThe 2018 amendment, effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and made technical changes throughout the section; in Subsection C, after "The", deleted "municipality" and added "local government".
NM Stat § 3-60A-42 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60A - Metropolitan Redevelopment|Section 3-60A-42 - Revenue bonds; refunding.

A. Any revenue bonds issued under the provisions of the Redevelopment Bonding Law [3-60A-26 to 3-60A-46 NMSA 1978] and at any time outstanding may at any time and from time to time be refunded by a local government by the issuance of its refunding bonds in such amount as the local government may deem necessary to refund the principal of the bonds to be so refunded, any unpaid interest on the bonds and any premiums and incidental expenses necessary to be paid in connection with the bonds. B. Any refunding may be effected, whether the bonds to be refunded have matured or shall thereafter mature, either by sale of the refunding bonds and the application of the proceeds, directly or indirectly, to the payment of the bonds to be refunded or by exchange of the refunding bonds for the bonds to be refunded, but the holders of any bonds to be so refunded shall not be compelled, without their consent, to surrender their bonds for payment or exchange prior to the date on which they are payable by maturity date, option to redeem or otherwise or if they are called for redemption prior to the date on which they are by their terms subject to redemption by option or otherwise. C. All refunding bonds issued under authority of the Redevelopment Bonding Law to refund revenue bonds shall be payable solely from revenues out of which bonds to be refunded are payable or from revenues out of which bonds of the same character may be made payable under the Redevelopment Bonding Law or any other law in effect at the time of the refunding. History: Laws 1979, ch. 391, § 42; 2018, ch. 60, § 39. ANNOTATIONSThe 2018 amendment, effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and made technical changes throughout the section; in Subsection A, replaced "municipality" and "governing body" with "local government" throughout the subsection.
NM Stat § 3-60A-43 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60A - Metropolitan Redevelopment|Section 3-60A-43 - Revenue bonds; application of proceeds.

A. The proceeds from the sale of any revenue bonds shall be applied only for the purpose for which the bonds were issued, and, if for any reason any portion of the proceeds are not needed for the purpose for which the bonds were issued, the unneeded portion of the proceeds shall be applied to the payment of the principal of or the interest on the bonds. B. The cost of acquiring any project shall be deemed to include the actual cost of acquiring a site and the cost of the construction of any part of a project that may be constructed, including architects' and engineers' fees, the purchase price of any part of a project that may be acquired by purchase and all expenses in connection with the authorization, sale and issuance of the bonds to finance the acquisition and any costs incurred by the local government. History: Laws 1979, ch. 391, § 43; 2018, ch. 60, § 40. ANNOTATIONSThe 2018 amendment, effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and made technical changes throughout the section; in Subsection B, after "costs incurred by the", deleted "municipality" and added "local government".
NM Stat § 3-60A-44 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60A - Metropolitan Redevelopment|Section 3-60A-44 - No payment by local government.

A. No local government or public body shall pay out of its general fund or otherwise contribute any part of the costs of acquiring a project and, unless specifically acquired for uses of the character described in the Redevelopment Bonding Law [3-60A-26 to 3-60A-46 NMSA 1978] or unless the land is determined by the governing body to be no longer necessary for other municipal purposes or purposes of a public body, shall not use land already owned by the local government or public body or in which the local government or public body has an equity for the construction thereon of a project or any part thereof. B. The entire cost of acquiring any project shall be paid out of the proceeds from the sale of the revenue bonds, but this provision shall not be construed to prevent a local government or public body from accepting donations of property to be used as a part of any project or money to be used for defraying any part of the cost of any project. History: Laws 1979, ch. 391, § 44; 2018, ch. 60, § 41. ANNOTATIONSThe 2018 amendment, effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties; replaced "municipality" with "local government" throughout the section.
NM Stat § 3-60A-45 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60A - Metropolitan Redevelopment|Section 3-60A-45 - No local government operation.

A. When all principal of, interest on and any prior redemption premium due in connection with the revenue bonds issued for a project leased to a user have been paid in full and in the event the option to purchase or option to renew the lease, if any, contained in the lease has not been exercised as to all of the property contained in the project, the lease shall terminate and the local government shall sell the remaining property or devote the property to local government purposes other than manufacturing, commercial or industrial. B. Any sale that is not made pursuant to the exercise of an option to purchase by the user of a project shall be conducted in the same manner as is then provided by law governing the issuer's sale of surplus property. History: Laws 1979, ch. 391, § 45; 2018, ch. 60, § 42. ANNOTATIONSThe 2018 amendment, effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, made technical changes, and replaced "municipal" and "municipality" with "local government" throughout the section.
NM Stat § 3-60A-46 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60A - Metropolitan Redevelopment|Section 3-60A-46 - Limitation of actions.

No action shall be brought questioning the legality of any contract, financing agreement, mortgage, trust indenture, proceeding or bonds executed in connection with any project or improvements authorized by the Redevelopment Bonding Law [3-60A-26 to 3-60A-46 NMSA 1978] on and after thirty days from the effective date of the resolution or ordinance authorizing the issuance of such bonds. History: Laws 1979, ch. 391, § 46. ANNOTATIONSCross references. — For general limitation of action on municipal bonds, see 37-1-25 NMSA 1978.
NM Stat § 3-60A-47 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60A - Metropolitan Redevelopment|Section 3-60A-47 - Sufficiency of code.

A. The Metropolitan Redevelopment Code [3-60A-1 to 3-60A-13, 3-60A-14 to 3-60A-48 NMSA 1978], without reference to other statutes of the state, constitutes full authority for the exercise of powers granted herein, including but not limited to the authorization and issuance of bonds under that code. B. No other act or law with regard to the authorization of issuance of bonds that provides for an election requiring an approval or in any way impeding or restricting the carrying out of the acts authorized in the Metropolitan Redevelopment Code to be done shall be construed as applying to any proceedings taken under or acts done pursuant to that code, except for laws to which reference is expressly made in that code or by necessary implication of that code. C. The provisions of no other law, either general or local, except as provided in the Metropolitan Redevelopment Code, shall apply to the things authorized to be done pursuant to that code, and no board, agency, bureau, commission or official not designated herein has any authority or jurisdiction over any of the acts authorized in that code to be done, except as otherwise provided by that code. D. No notice, consent or approval by any public body or officer thereof shall be required as a prerequisite to the sale or issuance of any bonds, the making of any contract or financing agreement or the exercise of any other power under the Metropolitan Redevelopment Code, except as provided herein. E. The powers conferred by the Metropolitan Redevelopment Code shall be in addition and supplemental to, and not in substitution for, and the limitations imposed by that code shall not affect the powers conferred by any other law. F. No part of the Metropolitan Redevelopment Code shall repeal or affect any other law or part thereof except to the extent that the provisions of that code are inconsistent with any other law, it being intended that the Metropolitan Redevelopment Code shall provide a separate method of accomplishing its objectives and not an exclusive one; and the Metropolitan Redevelopment Code shall not be construed as repealing, amending or changing any other law except to the extent of such inconsistency. History: Laws 1979, ch. 391, § 47.
NM Stat § 3-60A-48 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60A - Metropolitan Redevelopment|Section 3-60A-48 - Liberal interpretation.

The Metropolitan Redevelopment Code [3-60A-1 to 3-60A-13, 3-60A-14 to 3-60A-48 NMSA 1978] shall be liberally construed to carry out its purposes. History: Laws 1979, ch. 391, § 48. ANNOTATIONSSeverability. — Laws 1979, ch. 391, § 49, provided for the severability of the act if any part or application thereof is held invalid.
NM Stat § 3-60B-1 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60B - Main Street|Section 3-60B-1 - Short title.

Chapter 3, Article 60B NMSA 1978 may be cited as the "Main Street Act". History: Laws 1985, ch. 88, § 1; 2013, ch. 60, § 1; 2013, ch. 62, § 1. ANNOTATIONSThe 2013 amendment, effective June 14, 2013, added the NMSA chapter and article for the Main Street Act; and at the beginning of the sentence, deleted "This act" and added "Chapter 3, Article 60B NMSA 1978". Laws 2013, ch. 60, § 1 and Laws 2013, ch. 62, § 1 enacted identical amendments to this section. The section was set out as amended by Laws 2013, ch. 62, § 1. See 12-1-8 NMSA 1978.
NM Stat § 3-60B-2 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60B - Main Street|Section 3-60B-2 - Purpose.

The purpose of the Main Street Act is to provide for the revitalization of central business districts in New Mexico communities based on the preservation and rehabilitation of existing structures of unique historical and architectural character and the development of progressive marketing and management techniques as an economic development strategy for local governments. History: Laws 1985, ch. 88, § 2.
NM Stat § 3-60B-3 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60B - Main Street|Section 3-60B-3 - Definitions.

As used in the Main Street Act: A. "program" means the state main street program developed in conjunction with the national trust for historic preservation; and B. "coordinator" means the person responsible for coordinating the program and state and federal activities relevant to the program. History: Laws 1985, ch. 88, § 3.
NM Stat § 3-60B-4 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60B - Main Street|Section 3-60B-4 - Main street program; created; coordinator; powers and duties.

A. There is created the "main street program" in the economic development department. The secretary of economic development shall employ a coordinator to oversee the program. B. The coordinator shall: (1) carry out state responsibilities pursuant to contract with the national main street center of the national trust for historic preservation; (2) coordinate activities of the program in consultation with the historic preservation division of the cultural affairs department; (3) advise the New Mexico community development council on the development of criteria for requests for proposals and selection of local government grantees for the program to be funded through community development block grants; (4) monitor the progress of main street projects; (5) assist local main street project managers; (6) assist in the development of the frontier communities program; and (7) perform other duties necessary to carry out the provisions of the Main Street Act. History: Laws 1985, ch. 88, § 4; 1989, ch. 163, § 1; 1991, ch. 21, § 8; 2013, ch. 60, § 2; 2013, ch. 62, § 2. ANNOTATIONSCross references. — For New Mexico community development council, see 11-6-4 NMSA 1978. The 2013 amendment, effective June 14, 2013, created the frontier communities program; and added Paragraph (6) of Subsection B. Laws 2013, ch. 60, § 2 and Laws 2013, ch. 62, § 2, both effective June 14, 2013, enacted identical amendments to this section. The section was set out as amended by Laws 2013, ch. 62, § 2. See 12-1-8 NMSA 1978. The 1991 amendment, effective March 27, 1991, in Subsection A, deleted "and tourism" following "development" in the first sentence and substituted "the economic development department" for "economic development and tourism" in the second sentence. The 1989 amendment, effective July 1, 1989, in Subsection A, substituted "economic development and tourism department" for "office of the lieutenant governor" in the first sentence and substituted "secretary of economic development and tourism" for "lieutenant governor" in the second sentence; and deleted "the economic development and tourism department and" following "with" in Subsection B(2).
NM Stat § 3-60C-1 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60C - Main Street Revolving Loan|Section 3-60C-1 - Short title.

Chapter 3, Article 60C NMSA 1978 may be cited as the "Main Street Revolving Loan Act". History: Laws 2007, ch. 103, § 1; 2009, ch. 185, § 1. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, changed the reference to the act to the chapter and article of NMSA 1978.
NM Stat § 3-60C-2 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60C - Main Street Revolving Loan|Section 3-60C-2 - Purpose.

The purpose of the Main Street Revolving Loan Act is to provide owners of eligible properties with low-cost financial assistance, through the creation of a self-sustaining revolving loan program, in the restoration, rehabilitation and repair of those properties if they meet certain eligibility criteria and would contribute substantially to the state's economic well-being and to a sound and proper balance between preservation and development. History: Laws 2007, ch. 103, § 2. ANNOTATIONSEffective dates. — Laws 2007, ch. 103, contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 15, 2007, 90 days after the adjournment of the legislature.
NM Stat § 3-60C-3 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60C - Main Street Revolving Loan|Section 3-60C-3 - Definitions.

As used in the Main Street Revolving Loan Act: A. "committee" means the main street revolving loan committee; B. "division" means the historic preservation division of the cultural affairs department; C. "eligible property" means a site, structure, building or object that is subject to the Main Street Act or otherwise found pursuant to rule of the committee to merit preservation pursuant to the Main Street Revolving Loan Act; D. "fund" means the main street revolving loan fund; E. "lending institution" means a bank, savings and loan association, credit union or nonprofit organization with lending programs as part of its bylaws; and F. "property owner" means the sole owner, joint owner, owner in partnership or an owner of a leasehold interest with a term of five years or longer of an eligible property. History: Laws 2007, ch. 103, § 3; 2009, ch. 185, § 2. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, added Subsection E.
NM Stat § 3-60C-4 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60C - Main Street Revolving Loan|Section 3-60C-4 - Main street revolving loan committee; committee and division duties.

A. The "main street revolving loan committee" is created, consisting of six members as follows: (1) the director of the division or the director's designee; (2) the coordinator of the main street program under the Main Street Act [3-60B-1 to 3-60B-4 NMSA 1978] or the coordinator's designee; (3) the chair of the cultural properties review committee or the chair's designee; (4) the director of the local government division of the department of finance and administration or the director's designee; (5) a member appointed by the governor with expertise in small loans; and (6) the chair of the board of directors of friends of New Mexico mainstreet, inc., or the chair's designee. B. Public members of the committee shall not be paid but shall be reimbursed for per diem and mileage pursuant to the Per Diem and Mileage Act [10-8-1 to 10-8-8 NMSA 1978]. C. The committee shall: (1) elect a chair and such other officers as it deems necessary; (2) meet at the call of the chair but no less than four times per year; (3) by rule, establish eligibility criteria for properties and owners, establish procedures to govern the application outreach and marketing of the loan program and promulgate such other rules as are necessary to carry out the provisions of the Main Street Revolving Loan Act; (4) after considering the recommendations of the division, make awards of loans or loan subsidies; and (5) approve expenditures by the division for marketing, managing and administering the loan program. D. A member of the committee may participate in a meeting of the committee by means of a conference telephone or other similar communications equipment as provided in the Open Meetings Act [Chapter 10, Article 15 NMSA 1978]. Participation by conference telephone or other similar communications equipment shall constitute presence in person at a meeting. E. The division shall: (1) review applications for loans and loan subsidies and make recommendations to the committee; (2) administer all loans and loan subsidies; (3) serve as staff to the committee; and (4) report annually to the governor, the legislative finance committee and the legislature on loans made, loan payments received and all other activities conducted pursuant to the Main Street Revolving Loan Act. History: Laws 2007, ch. 103, § 4; 2009, ch. 185, § 3. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, added Paragraph (5) of Subsection C and added Subsection D.
NM Stat § 3-60C-5 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 60C - Main Street Revolving Loan|Section 3-60C-5 - Main street revolving loan fund.

A. The "main street revolving loan fund" is created in the state treasury. The fund shall consist of appropriations, loan payments, federal funds received for the purpose of making loans, gifts, grants, donations and bequests made to the fund. Income from the fund shall be credited to the fund, and money in the fund shall not revert or be transferred to any other fund at the end of a fiscal year. Money in the fund is appropriated to the committee for the purposes of: (1) making revolving loans, including related fees, to property owners, with the loans processed and serviced by a lending institution; and (2) paying division expenses to market, manage and administer the loan program; provided that no more than ten percent of the annual appropriation or other distribution or transfer made to the fund may be used for marketing, managing and administering the loan program. B. Expenditures from the fund shall be made on warrant of the secretary of finance and administration pursuant to vouchers signed by the director of the division. History: Laws 2007, ch. 103, § 5; 2009, ch. 185, § 4. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, added Paragraphs (1) and (2) of Subsection A.
NM Stat § 3-61-1 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 61 - Metropolitan Water Boards|Section 3-61-1 - Power to create metropolitan water board; exercise of power.

In addition to all other powers granted to municipalities and counties, the board of county commissioners of any county and the governing board of any municipality lying totally or partially within the boundaries of that county may, by the passage of identical ordinances that comply with the provisions of Section 3-61-1.1 NMSA 1978, create a metropolitan water board of not more than ten members and grant to that board that portion of the powers of the municipality and the county which pass the identical ordinances necessary to allow the board to: A. contract for, lease or sublease any supply of water which the municipality and the county in combination with any other entity, public or private, may receive from the United States department of the interior, bureau of reclamation, for municipal, domestic or industrial purposes pursuant to the Reclamation Act of 1902 (32 Stat. 388), the Act of June 13, 1962 (76 Stat. 96) and the Act of April 11, 1956 (70 Stat. 105), all as amended or supplemented; B. enter into contracts, leases or subleases with other agencies of the United States and the state of New Mexico for purposes related to municipal, industrial and domestic water use, as necessary, pursuant to appropriate federal and state law; and C. conduct or engage in analysis or studies of the short and long range availability and need of water resources and of ways to accomplish more efficient use of water resources for purposes related to municipal, industrial and domestic water use in order to provide recommendations thereon. History: 1953 Comp., § 14-63-1, enacted by Laws 1976, ch. 47, § 1; 1977, ch. 304, § 1; 1985, ch. 144, § 1; 1989, ch. 358, § 1. ANNOTATIONSCompiler's notes. — The federal Act of June 13, 1962, referred to in Subsection A, appeared as 43 U.S.C. § 615ii et seq., before being omitted. Cross references. — For the federal Reclamation Act of 1902, see 43 U.S.C. § 371 et seq. For the federal Act of April 11, 1956, see 43 U.S.C. § 620 et seq. The 1989 amendment, effective June 16, 1989, substituted "ten members" for "seven members" in the introductory paragraph. Am. Jur. 2d, A.L.R. and C.J.S. references. — 78 Am. Jur. 2d Waterworks and Water Companies §§ 3 to 12, 23 et seq. 93 C.J.S. Waters § 226 et seq.
NM Stat § 3-61-2 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 61 - Metropolitan Water Boards|Section 3-61-2 - Approval of budget.

A metropolitan water board created by this act [3-61-1 to 3-61-4 NMSA 1978] may incur reasonable costs and expenses in carrying out its power; the budget of the water board shall be included in the budget of the municipality and the county creating the water board and shall be subject to the approval of the New Mexico department of finance and administration as required by Section 6-6-2 et seq., NMSA 1978, as enacted or amended. History: 1953 Comp., § 14-63-2, enacted by Laws 1976, ch. 47, § 2.