reglab/housing_qa huggingface dataset:
NM Stat § 72-14-19 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-19 - Permanent reservoirs for irrigation purposes income fund; Rio Grande income fund; appropriation.

Each year's income credited to the permanent reservoirs for irrigation purposes income fund and the improvement of Rio Grande income fund may be pledged irrevocably to the payment of the principal of and interest on revenue bonds by the commission with the approval of the state board of finance, and there are irrevocably appropriated to the commission amounts from the funds for such purposes. The commission shall provide in the proceedings authorizing the issuance of each series of bonds for the paying into the appropriate income and debt service funds all money received pursuant to this section. History: 1953 Comp., § 75-34-19, enacted by Laws 1955, ch. 266, § 11; 1997, ch. 241, § 12; 1997, ch. 246, § 12. ANNOTATIONSThe 1997 amendment, effective June 20, 1997, added the section heading, deleted "in addition so much of" following "income fund", substituted "and the improvement of the Rio Grande income fund" for "as shall be necessary for the purposes hereinabove enumerated" and inserted "to the payment of the principal of and interest on revenue bonds" in the first sentence, substituted "income and debt service funds" for "sinking fund" in the last sentence, and made minor stylistic changes throughout the section. Laws 1997, ch. 241, § 12 and Laws 1997, ch. 246, § 12, both effective June 20, 1997, enacted identical amendments to this section. The section was set out as amended by Laws 1997, ch. 246, § 12. See 12-1-8 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 44. 94 C.J.S. Waters §§ 234, 321.
NM Stat § 72-14-20 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-20 - [Contracts and leases with agencies of United States authorized.]

Notwithstanding any provisions of this act [72-14-9 to 72-14-23, 72-14-25 to 72-14-28 NMSA 1978] to the contrary, the commission is empowered to enter into contracts and leases with the United States of America, its instrumentalities or agencies, or any thereof, for the purpose of financing the construction of any works authorized by this act, and may in such contracts or leases authorize the United States, its instrumentalities or agencies, to supervise and approve the construction, maintenance and operation of such works, or any project or portion thereof, until such times as any money expended, advanced or loaned by said United States, its instrumentalities or agencies and agreed to be repaid thereto by said commission, shall have been fully repaid. It is the purpose and intent of this act that the commission shall be authorized, and is hereby authorized and empowered, to accept cooperation from the United States of America, its instrumentalities and agencies, in the construction, maintenance and operation and in financing the construction, of any works authorized by this act, and the commission shall have full power to do any and all things necessary in order to avail itself of such aid, assistance and cooperation under federal legislation now or hereafter enacted by congress. History: 1953 Comp., § 75-34-20, enacted by Laws 1955, ch. 266, § 12. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 78 Am. Jur. 2d Waterworks and Water Companies § 8. 94 C.J.S. Waters § 228.
NM Stat § 72-14-22 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-22 - Rights of bondholders; enforcement.

Any holder of any bonds issued under the provisions of Sections 72-14-9 through 72-14-28 NMSA 1978 except to the extent the rights herein given may be restricted by resolution passed before the issuance of the bonds, may, either at law or in equity, by suit, action, mandamus or other proceeding, protect and enforce any rights granted hereunder or under such resolution and may enforce and compel performance of all duties required by those sections or by such resolution to be performed by the commission. The state pledges and agrees that while any bonds issued by the commission remain outstanding, the powers, duties or existence of the commission or any official or agency of the state and the distribution of revenues pledged to payment of the bonds to the commission shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of such bonds. The commission is authorized to include this pledge and agreement of the state in any agreement with the holders of the bonds. History: 1953 Comp., § 75-34-22, enacted by Laws 1955, ch. 266, § 14; 1997, ch. 241, § 13; 1997, ch. 246, § 13. ANNOTATIONSThe 1997 amendment, effective June 20, 1997, added the section heading, substituted "Sections 72-14-9 through 72-14-28 NMSA 1978" for "this act or any of the coupons attached thereto", in the first sentence, in the second sentence inserted "The state pledges and agrees that" at the beginning, and "and the distribution of revenues pledged to payment of the bonds to the commission" near the middle, added the last sentence, and made minor stylistic changes. Laws 1997, ch. 241, § 13 and Laws 1997, ch. 246, § 13, both effective June 20, 1997, enacted identical amendments to this section. The section was set out as amended by Laws 1997, ch. 246, § 13. See 12-1-8 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 330 to 340. 94 C.J.S. Waters § 259.
NM Stat § 72-14-24 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-24 - Purpose of act.

This amendatory act [72-14-23, 72-14-24 NMSA 1978] is passed by the legislature knowing that the powers its [it] confers on the interstate stream commission are broad. It is therefore in order that the legislature declare that its policy is not that the state interstate stream commission should construct or repair irrigation works now owned or which will revert to private individuals or corporations, under the powers granted by this amendment, unless the individuals or stockholders of such corporations are also all owners of land under the irrigation works and users of water supplied by it for agricultural or domestic uses, and the works will result in a substantial conservation of water. History: 1953 Comp., § 75-34-23.1, enacted by Laws 1959, ch. 276, § 2. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 72-14-24.1 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-24.1 - Acequia and community ditch infrastructure fund; created.

A. The "acequia and community ditch infrastructure fund" is created in the state treasury and shall be administered by the interstate stream commission. The fund consists of money transferred from the New Mexico irrigation works construction fund and interest accruing to the fund. Disbursements from the fund shall be made by warrant of the secretary of finance and administration pursuant to vouchers signed by the director of the interstate stream commission or the director's authorized representative. Any unexpended or unencumbered balance remaining in the fund at the end of any fiscal year shall revert to the New Mexico irrigation works construction fund.B. Money in the fund is appropriated to the interstate stream commission to provide funding for the planning, engineering design or construction of irrigation works of acequias or community ditches, including dams, reservoirs, diversions, ditches, flumes or other appurtenances, for the purposes of restoration, repair, improvement of irrigation efficiency or protection from floods.C. The interstate stream commission shall:(1) in consultation with the acequia commission and the New Mexico acequia association, develop guidelines and criteria for program eligibility, applications and selection requirements; (2) prioritize the provision of funding based on project readiness;(3) review acequia or community ditch plans and specifications and inspect completed projects; and (4) report biannually to the acequia commission on the progress of projects funded through the fund and the expenditure of money from the fund.D. As used in this section, "fund" means the acequia and community ditch infrastructure fund. History: Laws 2019, ch. 169, § 1. ANNOTATIONSEffective dates. — Laws 2019, ch. 169, § 3 made Laws 2019, ch. 169 effective July 1, 2020.
NM Stat § 72-14-25 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-25 - [Adjustment of plans and operations to facilitate federal aid to project.]

For the purpose of obtaining financial aid from the United States of America, the commission may adjust the plans and operation of any project, created under this act [72-14-9 to 72-14-23, 72-14-25 to 72-14-28 NMSA 1978], to conform to the laws and regulations of the federal government and the supervision of any board, bureau or commission constituted under such authority, and may exercise such powers whenever conferred. History: 1953 Comp., § 75-34-24, enacted by Laws 1955, ch. 266, § 16. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 78 Am. Jur. 2d Waters § 415. 93 C.J.S. Waters § 169.
NM Stat § 72-14-26 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-26 - Disposition of water for public, domestic, industrial and other uses; reconveyance to grantors.

In addition to the powers conferred upon the commission to sell, lease and otherwise dispose of waters for the purpose of irrigation, development of power, watering of stock or other purposes, the commission shall have power to sell, lease and otherwise dispose of waters from its waterworks systems for public, domestic, industrial and other uses and for fire protection. The commission, after the discharge of all of the bonds issued by the commission to finance the construction or acquisition of any works, except for hydrographic surveys used by the state engineer for determining water rights, and of all interest thereon and costs and expenses incurred in connection with any action or proceeding by or on behalf of the holders of such bonds, shall reconvey the same to the grantors thereof. History: 1953 Comp., § 75-34-25, enacted by Laws 1955, ch. 266, § 17; 1997, ch. 241, § 14; 1997, ch. 246, § 14. ANNOTATIONSThe 1997 amendment, effective June 20, 1997, added the section heading, substituted "protection" for "prevention" at the end of the first sentence, and made a minor stylistic change. Laws 1997, ch. 241, § 14 and Laws 1997, ch. 246, § 14, both effective June 20, 1997, enacted identical amendments to this section. The section was set out as amended by Laws 1997, ch. 246, § 14. See 12-1-8 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 78 Am. Jur. 2d Waterworks and Water Companies § 4. 93 C.J.S. Waters § 38.
NM Stat § 72-14-27 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-27 - [Liberal construction of act.]

This act [72-14-9 to 72-14-23, 72-14-25 to 72-14-28 NMSA 1978], being necessary for the welfare of the state and its citizens, shall be liberally construed to effect the purposes hereof. History: 1953 Comp., § 75-34-26, enacted by Laws 1955, ch. 266, § 18. ANNOTATIONSLoan to an artesian conservancy district of funds which would in turn be loaned to landowners for water conservation work within the district is authorized under this act. 1958 Op. Att'y Gen. No. 58-169.
NM Stat § 72-14-30 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-30 - [Expenditure of funds for feasibility studies.]

The interstate stream commission is authorized to spend out of any unpledged funds in [the] New Mexico irrigation works construction fund such sums as needed in order to have feasibility studies made regarding any project. History: 1953 Comp., § 75-34-29, enacted by Laws 1957, ch. 80, § 2. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 72-14-31 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-31 - [Loans to include sums for feasibility study.]

Any loan made for any project as provided shall include any sums which have been spent out of unpledged funds in the New Mexico irrigation works construction fund for a feasibility study on such project under the provisions of Section 2 [72-14-30 NMSA 1978]. History: 1953 Comp., § 75-34-30, enacted by Laws 1957, ch. 80, § 3.
NM Stat § 72-14-32 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-32 - [Loans to supplement federal funds authorized.]

Any loan made as provided may be used to supplement amounts granted or borrowed from the United States of America or any instrumentality, or agency thereof, or amounts granted or expended under the authority of Sections 72-14-9 to 72-14-28 NMSA 1978. History: 1953 Comp., § 75-34-31, enacted by Laws 1957, ch. 80, § 4. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 93 C.J.S. Waters § 190.
NM Stat § 72-14-33 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-33 - ["Project" defined.]

Project is defined to include and embrace all means of conserving and distributing water, including, without limiting the generality of the foregoing, reservoirs, dams, diversion canals, distributing canals, lateral ditches, pumping units, wells, mains, pipelines and waterworks systems and shall include all such works for the conservation, development, storage, distribution and utilization of water including, without limiting the generality of the foregoing projects for the purpose of irrigation, development of power, watering of stock, supplying of water for public, domestic, industrial and other uses and for fire protection. History: 1953 Comp., § 75-34-32, enacted by Laws 1957, ch. 80, § 5.
NM Stat § 72-14-34 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-34 - Budgets required.

The interstate stream commission shall annually prepare and submit a budget in accordance with the provisions of Sections 6-3-1 through 6-3-22 NMSA 1978 covering all funds created or held under the provisions of Sections 72-14-9 through 72-14-33 NMSA 1978. History: 1953 Comp., § 75-34-32.1, enacted by Laws 1973, ch. 201, § 4.
NM Stat § 72-14-35 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-35 - [Exemption from Bateman Act.]

The provisions of the Bateman Act [6-6-11 and 6-6-13 to 6-6-18 NMSA 1978] shall not apply to loans authorized herein. History: 1953 Comp., § 75-34-33, enacted by Laws 1957, ch. 80, § 6.
NM Stat § 72-14-36 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-36 - [Special water revenue bonds of interstate stream commission; purpose.]

A. For the purpose of building, operating and maintaining dams on the Canadian river or its tributaries between Conchas dam and the Texas border, the interstate stream commission of the state is hereby authorized to anticipate the proceeds of the collection of taxes imposed upon natural resources by Chapter 103, New Mexico Session Laws of 1937, as amended, to the extent hereinafter authorized by the issuance and sale of bonds not exceeding the aggregate of five million dollars ($5,000,000) at such time and bearing such rate or rates of interest, not exceeding six percent a year as the interstate stream commission may determine. B. The interstate stream commission of the state shall not allow construction to commence until it has reasonable assurance that this project will produce sufficient income with which to pay the cost of operation and maintenance of the dams constructed. History: 1953 Comp., § 75-34-34, enacted by Laws 1957, ch. 190, § 1; 1959, ch. 69, § 1. ANNOTATIONSCompiler's notes. — Laws 1937, ch. 103, relating to severance taxes, was repealed by Laws 1959, ch. 52, § 29, Laws 1971, ch. 65, § 7 and Laws 1977, ch. 102, §§ 4 and 6. For provisions of the present Severance Tax Act, see 7-26-1 to 7-26-8 NMSA 1978. Cross references. — For transfer of interstate stream commission authority to state board of finance, see 7-27-12 NMSA 1978.
NM Stat § 72-14-37 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-37 - [Special water revenue bonds of interstate stream commission; anticipation of tax proceeds.]

In the event House Bill No. 117 of the twenty-fourth legislature becomes law, the taxes collected, the proceeds of which are hereinafter anticipated, shall be those levied by that 1959 act. History: 1953 Comp., § 75-34-34.1, enacted by Laws 1959, ch. 69, § 2. ANNOTATIONSCompiler's notes. — House Bill No. 117 refers to Laws 1959, ch. 52, the operative provisions which are currently compiled as 7-29-1, 7-29-2, 7-29-5 to 7-29-8 NMSA 1978.
NM Stat § 72-14-38 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-38 - Terms and conditions of bonds.

The terms and conditions of the bonds including but not limited to: date of issue; maturities; coupon rate or rates; call features; call premiums; refundability; and other covenants covering the general and technical aspects of the bond issue, including provision for additional bonds if and as necessary, shall be as determined in the discretion of the interstate stream commission. History: 1953 Comp., § 75-34-35, enacted by Laws 1957, ch. 190, § 2.
NM Stat § 72-14-39 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-39 - Funding.

All revenue from sale of water shall go into a general fund from which the commission is authorized to transfer operating requirements, principal and interest requirements and such other funds as are practical in the sound financing of the dam. History: 1953 Comp., § 75-34-36, enacted by Laws 1957, ch. 190, § 3.
NM Stat § 72-14-40 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-40 - Sale of bonds.

The bonds provided for by this act [72-14-36, 72-14-38 to 72-14-42 NMSA 1978] may be sold at public or private sale, in the discretion of the commission, provided, however, that no sale may be made for less than the par value of the bonds, plus accrued interest from the date of issue to the date of delivery of the bonds. The state treasurer may, with the approval of the state board of finance and any other officials whose approval may be required by law for the investment of public funds, purchase such bonds at par value, plus accrued interest to the date of delivery, or subsequently, in the open market, at a price not to exceed the call price, plus accrued interest. Such bonds shall be accepted at their par value by all public officials in this state as security for the repayment of all deposits of public money of this state, or of any county, municipality or public institution thereof, and as security for the faithful performance of any obligations or duty to guarantee the performance of which such officials are now authorized by law to accept a deposit of the bonds of this state or of the United States of America. History: 1953 Comp., § 75-34-37, enacted by Laws 1957, ch. 190, § 4.
NM Stat § 72-14-41 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-41 - Guarantee by severance tax funds.

After the appropriations made for payment of the bonds authorized by the following acts: Laws 1951, Chapter 24; Laws 1947, Chapter 46; Laws 1949, Chapter 111; Laws 1953, Chapter 99; Laws 1953, Chapter 149; Laws 1953, Chapter 169; Laws 1953, Chapter 170; Laws 1955, Chapter 122; Laws 1955, Chapter 123; Laws 1955, Chapter 124; Laws 1955, Chapter 125; Laws 1955, Chapter 203 there is hereby appropriated out of the proceeds from all taxes collected under the provisions of Laws 1937, Chapter 103, as amended, a sufficient amount of money each year to pay any interest and to retire the maturing principal of bonds issued under this act [72-14-36, 72-14-38 to 72-14-42 NMSA 1978] to the extent that water revenues are not sufficient to meet the interest and principal payments. In the event water revenues are not sufficient to meet the interest and principal payments, the severance taxes are used for that purpose, and thereafter water revenues are in excess of the amounts required to meet current liabilities, the excess water revenues shall be used to repay the amount of severance taxes used. History: 1953 Comp., § 75-34-38, enacted by Laws 1957, ch. 190, § 5. ANNOTATIONSCompiler's notes. — Laws 1951, ch. 24, relating to severance taxes, was repealed by Laws 1971, ch. 65, § 7 and Laws 1977, ch. 102, §§ 4 and 6. For the present provisions of the Severance Tax Act, see Chapter 7, Article 26 NMSA 1978. Laws 1947, ch. 46, Laws 1949, ch. 111, Laws 1953, ch. 169 and Laws 1955, ch. 124, related to insane asylum bonds. Laws 1953, ch. 149 and Laws 1955, ch. 122, related to penitentiary bonds. Laws 1953, ch. 170, related to mental hospital bonds. Laws 1955, ch. 203, related to building and institution severance tax bonds. Laws 1937, ch. 103, which related to severance taxes, was repealed by Laws 1959, ch. 52, § 29, Laws 1971, ch. 65, § 7, and Laws 1977, ch. 102, §§ 4 and 6.
NM Stat § 72-14-42 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-42 - Approval of issue.

No bonds shall be finally issued and sold under this act [72-14-36, 72-14-38 to 72-14-42 NMSA 1978] until the issue shall have been approved by a majority of the state board of finance in a regular or called meeting. History: 1953 Comp., § 75-34-39, enacted by Laws 1957, ch. 190, § 6.
NM Stat § 72-14-43 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 14 - Interstate Stream Commission; Protection of Interstate Streams|Section 72-14-43 - Legislative findings; state appropriation of unappropriated water.

Based upon the findings and recommendations of the report from New Mexico state university and the university of New Mexico on state appropriation of unappropriated water, the legislature finds that: A. the future water needs of New Mexico can best be met by allowing each region of the state to plan for its water future; B. the state can assist the regions in planning future water use by implementing a state appropriation program to ensure an adequate supply of water for each region, as reflected in each region's water use plan; and C. the interstate stream commission is the appropriate agency to implement such a program. History: Laws 1987, ch. 182, § 1. ANNOTATIONSLaw reviews. — For article, "The Administration of the Middle Rio Grande Basin: 1956-2002," see 42 Nat. Resources J. 939 (2002). For article, " 'Whisky's for Drinkin', Water's for Fightin'! ' Is it? Resolving a Collective Action Dilemma in New Mexico," see 45 Nat. Resources J. 185 (2003).