reglab/housing_qa huggingface dataset:
NM Stat § 21-8-11 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-11 - [Acceptance of congressional grant of 1887 for experiment station.]

The assent of the legislature of the state of New Mexico, is hereby given in pursuance of the requirements of Section [nine] of said act of congress, approved March 2, 1887, to the granting of money therein made to the establishment of experiment stations in accordance with Section one of said last mentioned act, and assent is hereby given to carry out, within the state of New Mexico, all and singular the provisions of said act. History: Laws 1889, ch. 138, § 25; C.L. 1897, § 3558; Code 1915, § 5136; C.S. 1929, § 130-1009; 1941 Comp., § 55-2510; 1953 Comp., § 73-26-10. ANNOTATIONSCompiler's notes. — Section 9 of the act of March 2, 1887, required the assent of legislators prior to amendment in 1955. The act of August 11, 1955, amended the act of March 2, 1887 in its entirety and superseded Section 9. See 7 U.S.C. §§ 361a to 361i. Section 1 of the act of March 2, 1887, as amended by the act of August 11, 1955, is compiled as 7 U.S.C. § 361a. Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 3 Am. Jur. 2d Agriculture § 43. 14A C.J.S. Colleges and Universities § 7.
NM Stat § 21-8-12 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-12 - [Acceptance of Adams Act grant for experiment station.]

That the assent of the legislature of the state of New Mexico is hereby given, in pursuance of the requirements of Section 2 [repealed] of an act of congress entitled, "An act to provide for an increased annual appropriation for agricultural experiment stations and regulating the expenditures thereof, approved March 16, 1906," commonly known as the Adams Act, to the purpose of the grants of money authorized by such act to the carrying out, within the state of New Mexico, of all and singular the provisions of said act. History: Laws 1907, ch. 13, § 1; Code 1915, § 5135; C.S. 1929, § 130-1008; 1941 Comp., § 55-2511; 1953 Comp., § 73-26-11. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. The act of August 11, 1955, c. 790, 69 Stat. 674, compiled as 7 U.S.C. §§ 361a to 361i, repealed Section 2 of the act of March 16, 1906. Am. Jur. 2d, A.L.R. and C.J.S. references. — 3 Am. Jur. 2d Agriculture § 43. 14A C.J.S. Colleges and Universities § 7.
NM Stat § 21-8-13 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-13 - [Acceptance of Purnell Act grant for experiment station.]

That the assent of the legislature of the state of New Mexico is hereby given in pursuance of the requirements of Section 2 [repealed] of the act of congress entitled, "An act to authorize the more complete endowment of agricultural experiment stations and for other purposes," approved February 24, 1925, and commonly known as the "Purnell Act," to the purpose of the grants of monies authorized by such act to the carrying out, within the state of New Mexico, of all and singular the provisions of said act. History: Laws 1927, ch. 83, § 1; C.S. 1929, § 130-1013; 1941 Comp., § 55-2512; 1953 Comp., § 73-26-12. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. The act of August 11, 1955, c. 790, 69 Stat. 674, compiled as 7 U.S.C. §§ 361a to 361i, repealed Section 2 of the act of February 24, 1925. Am. Jur. 2d, A.L.R. and C.J.S. references. — 3 Am. Jur. 2d Agriculture § 43. 14A C.J.S. Colleges and Universities § 7.
NM Stat § 21-8-14 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-14 - [Acceptance of congressional grant of 1890 for New Mexico state university.]

The assent of the legislature of New Mexico is hereby given in pursuance of the requirement of Section two of an act of congress entitled, an act to apply a portion of the proceeds of the public lands to the more complete endowment and support of the colleges for the benefit of agriculture and the mechanic arts, established under the provisions of an act of congress approved July 2, 1862, approved August 30th, 1890, to the granting of moneys for the benefit of the agricultural college of New Mexico [New Mexico state university], and the said legislature accepts and consents to all of the terms and conditions of said act of congress, and assent is further given to carry out within the state of New Mexico, all and singular, the provisions of said act of congress. History: Laws 1891, ch. 78, § 1; C.L. 1897, § 3567a; Code 1915, § 5134; C.S. 1929, § 130-1007; 1941 Comp., § 55-2513; 1953 Comp., § 73-26-13. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 1889, ch. 138, § 2, created and established the agricultural college and agricultural experiment station of New Mexico, as an institution of learning. Laws 1893, ch. 61, § 24, changed the name of the agricultural college and agricultural (experiment) station of New Mexico to the New Mexico college of agriculture and mechanic arts. Article XII, Section 11, of the constitution of New Mexico, as repealed and reenacted November 8, 1960, further changed the name to the New Mexico state university. See also 21-8-2 NMSA 1978. Compiler's notes. — Section two of the act of August 30, 1890, was compiled as 7 U.S.C. § 324. Am. Jur. 2d, A.L.R. and C.J.S. references. — 3 Am. Jur. 2d Agriculture § 43. 14A C.J.S. Colleges and Universities § 7.
NM Stat § 21-8-15 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-15 - Authorized to borrow money.

That for the purpose of erecting, altering, improving, furnishing or equipping any necessary buildings at the New Mexico college of agriculture and mechanic arts [New Mexico state university] at state college, or for acquiring any necessary land for the use of said college [university], or both, or for the retiring [of] the whole or any part of any series of bonds previously issued under the provisions hereof, or for any of such purposes, the board of regents of the New Mexico college of agriculture and mechanic arts [New Mexico state university] is hereby authorized to borrow money in conformity with the terms of this act [21-8-15, 21-8-16, 21-8-18 to 21-8-26 NMSA 1978]. History: Laws 1929, ch. 40, § 1; C.S. 1929, § 130-1014; Laws 1937, ch. 225, § 1; 1941 Comp., § 55-2514; 1953 Comp., § 73-26-14. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 1889, ch. 138, § 2, created and established the agricultural college and agricultural experiment station of New Mexico, as an institution of learning. Laws 1893, ch. 61, § 24, changed the name of the agricultural college and agricultural (experiment) station of New Mexico to the New Mexico college of agriculture and mechanic arts. Article XII, Section 11, of the constitution of New Mexico, as repealed and reenacted November 8, 1960, further changed the name to the New Mexico state university. See also 21-8-2 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35. 14A C.J.S. Colleges and Universities § 17.
NM Stat § 21-8-16 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-16 - Board may issue building and improvement bonds.

Whenever the said board, by the affirmative vote of a majority of its members, duly entered in the minutes of said board, shall by resolution determine that it is necessary to erect, alter, improve, furnish or equip any building or buildings at said college [university], or acquire any land for the use thereof, or both, or to retire the whole or any part of any series of bonds previously issued in conformity with the provisions of this act [21-8-15, 21-8-16, 21-8-18 to 21-8-26 NMSA 1978], or to refund the same, or for either of said purposes, the board of regents of the New Mexico college of agriculture and mechanic arts [New Mexico state university] is hereby empowered and authorized to issue and sell, subject to the terms of this act, building and improvement bonds of the New Mexico college of agriculture and mechanic arts [university]. History: Laws 1929, ch. 40, § 2; C.S. 1929, § 130-1015; Laws 1937, ch. 225, § 2; 1941 Comp., § 55-2515; 1953 Comp., § 73-26-15. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 1889, ch. 138, § 2, created and established the agricultural college and agricultural experiment station of New Mexico, as an institution of learning. Laws 1893, ch. 61, § 24, changed the name of the agricultural college and agricultural (experiment) station of New Mexico to the New Mexico college of agriculture and mechanic arts. Article XII, Section 11, of the constitution of New Mexico, as repealed and reenacted November 8, 1960, further changed the name to the New Mexico state university. See also 21-8-2 NMSA 1978. Compiler's notes. — The words "this act" would mean, by strict interpretation, the sections of the 1937 amendatory act by which they were inserted, compiled as 21-8-15, 21-8-16, 21-8-25 NMSA 1978. However, reference was apparently intended to the whole of the original 1929 act as amended. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 120. 14A C.J.S. Colleges and Universities §§ 4, 10.
NM Stat § 21-8-17 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-17 - Form and conditions of bonds.

Bonds issued pursuant to Sections 21-8-15 through 21-8-26 NMSA 1978 shall be in such form and denominations as the board of regents of New Mexico state university shall determine, due and payable not later than twenty years from date of issue. The bonds shall be payable in consecutive order commencing not later than two years from date of issue. History: 1978 Comp., § 21-8-17, enacted by Laws 1983, ch. 265, § 40. ANNOTATIONSRepeals and reenactments. — Laws 1983, ch. 265, § 40, repealed former 21-8-17 NMSA 1978, relating to form of bonds issued by the board of regents of the New Mexico college of agriculture and mechanic arts, effective April 7, 1983, and enacted a new section. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 195, 196, 202, 205, 399 to 453. Power and discretion of officer or board authorized to issue bonds of governmental units as regards terms or conditions to be included therein, 119 A.L.R. 190. 47 C.J.S. Interest and Usury; Consumer Credit § 18.
NM Stat § 21-8-19 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-19 - [Disposition of building and improvement bond proceeds; permanent improvement fund; interest and retirement fund; costs of sale.]

The proceeds from the sale of said bonds shall be paid to the secretary and treasurer of said board, and shall be by him placed in a separate fund to be known as "permanent improvement fund" to be used and paid out only for the specified purposes in this act [21-8-15, 21-8-16, 21-8-18 to 21-8-26 NMSA 1978] enumerated upon order of the board, on checks signed by the president or vice president of said board and by the secretary and treasurer thereof, except such portion thereof as may have been received on account of accrued interest on said bonds to date of delivery, which amount shall be placed in the "interest and retirement fund" for the liquidation of said bonds as hereinafter provided. The cost of preparing, advertising and selling said bonds, including any necessary expense for legal opinions thereon, shall be paid out of the proceeds of the sale of said bonds. History: Laws 1929, ch. 40, § 5; C.S. 1929, § 130-1018; 1941 Comp., § 55-2518; 1953 Comp., § 73-26-18. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 33. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-8-20 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-20 - [Establishment and replenishment of interest and retirement fund for building and improvement bonds.]

The board of regents shall at the time of issuing said bonds, establish for the payment of the principal and interest thereof a fund to be known as "interest and retirement fund" into which fund said board shall immediately place a sum not less than the amount necessary to pay the interest and maturing principal of said bonds for the ensuing twelve months, and annually thereafter shall continue to place in said fund a sufficient amount to pay principal and interest maturing in the succeeding twelve months. History: Laws 1929, ch. 40, § 6; C.S. 1929, § 130-1019; 1941 Comp., § 55-2519; 1953 Comp., § 73-26-19. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 266.
NM Stat § 21-8-21 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-21 - [Income pledged to pay building and improvement bonds.]

For the faithful and prompt payment of all interest and principal of said bonds as and when the same shall mature according to the tenor thereof, the issue thereof shall constitute an irrevocable pledge by said board of so much of each year's income from the permanent fund of the New Mexico college of agriculture and mechanic arts [New Mexico state university] in the hands of the treasurer of this state, as shall be necessary to provide the "interest and retirement fund" herein mentioned, for the ensuing year, and to at all times fully and faithfully keep the same in not less than the amount necessary to pay the interest and principal maturing as aforesaid; and in addition thereto the issue of said bonds shall constitute an irrevocable pledge by said board of so much of each year's income from the income and current fund derived from the lease of such of its lands as remain unsold, as may be necessary to fully protect the "interest and retirement fund" for the ensuing year, and keep the same at all times in proper amount as herein provided. History: Laws 1929, ch. 40, § 7; C.S. 1929, § 130-1020; 1941 Comp., § 55-2520; 1953 Comp., § 73-26-20. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 1889, ch. 138, § 2, created and established the agricultural college and agricultural experiment station of New Mexico, as an institution of learning. Laws 1893, ch. 61, § 24, changed the name of the agricultural college and agricultural (experiment) station of New Mexico to the New Mexico college of agriculture and mechanic arts. Article XII, Section 11, of the constitution of New Mexico, as repealed and reenacted November 8, 1960, further changed the name to the New Mexico state university. See also 21-8-2 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 199.
NM Stat § 21-8-22 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-22 - [Payment of interest and principal of building and improvement bonds.]

It shall be the duty of the secretary and treasurer of said board of regents to forward to the bank at which said bonds ar [are] payable, prior to the date on which any coupons or any principal amount of any of said bonds shall mature, out of the "interest and retirement fund" a sufficient sum of money to meet said coupons and maturing bonds as the same become due, plus any service charge which said bank shall be entitled to receive for its services. History: Laws 1929, ch. 40, § 9; C.S. 1929, § 130-1022; 1941 Comp., § 55-2521; 1953 Comp., § 73-26-21. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 197, 198. 11 C.J.S. Bonds § 59 et seq.
NM Stat § 21-8-23 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-23 - [Use of proceeds of building and improvement bonds restricted.]

None of the funds derived from the sale of said bonds, except so much thereof as shall be necessary to defray the cost of the issuance thereof and the accrued interest from the date thereof to the time of delivery, shall ever be used or expended by said board for any other purposes than those for which authority is herein given to issue the same, as set forth in Section 1 [21-8-15 NMSA 1978] hereof. History: Laws 1929, ch. 40, § 10; C.S. 1929, § 130-1023; 1941 Comp., § 55-2522; 1953 Comp., § 73-26-22. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-8-24 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-24 - [State treasurer's payments relating to building and improvement bonds.]

It is hereby made the duty of the treasurer of this state, upon receiving written notice from the secretary and treasurer of said board that it has issued bonds as provided for herein, to forthwith forward and pay over to the secretary and treasurer of said board out of the income from the permanent funds of said college [New Mexico state university], a sum sufficient to make and establish the income [interest] and retirement fund, as herein provided, and annually thereafter to pay over a sufficient amount for said purpose, to the end that said interest and retirement fund shall at all times be kept in the proper amount. In the event there should not be sufficient undistributed income from permanent funds of said college [university], then said state treasurer shall use so much of the income and current fund of said college [university] in his hands as shall be necessary to establish and at all times maintain said interest and retirement fund. History: Laws 1929, ch. 40, § 11; C.S. 1929, § 130-1024; 1941 Comp., § 55-2523; 1953 Comp., § 73-26-23. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. The bracketed word "interest" in the first sentence was inserted by the compiler to correspond to 21-8-20 to 21-8-22 NMSA 1978 and the subsequent reference in this section. Laws 1889, ch. 138, § 2, created and established the agricultural college and agricultural experiment station of New Mexico, as an institution of learning. Laws 1893, ch. 61, § 24, changed the name of the agricultural college and agricultural (experiment) station of New Mexico to the New Mexico college of agriculture and mechanic arts. Article XII, Section 11, of the constitution of New Mexico, as repealed and reenacted November 8, 1960, further changed the name to the New Mexico state university. See also 21-8-2 NMSA 1978.
NM Stat § 21-8-25 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-25 - [Issuance of building and improvement bonds in series; restrictions.]

In the event the board of regents aforesaid should find it advisable to issue bonds under this act [21-8-15, 21-8-16, 21-8-18 to 21-8-26 NMSA 1978] in more than one series, or at different times, for any of the purposes aforesaid, then each series of said bonds shall be designated by the letter "A," "B" or in some other proper designation to the end that each series shall be kept separate, and all of the requirements of this act shall apply to and be faithfully followed, done and carried out as to each of said series, provided, however, that said board of regents shall not have power to issue bonds hereunder, the aggregate interest and principal requirements for which, for any year, together with the aggregate interest and principal requirements for all outstanding bonds of such board of such institution for such year, shall exceed the amount of the income from the permanent funds and from the aforesaid income and current fund of such institution received by the state treasurer for the fiscal year next preceding the fiscal year in which any bonds of such board of such institution are authorized to be issued by resolution of the board adopted pursuant to this act. History: Laws 1929, ch. 40, § 12; C.S. 1929, § 130-1025; Laws 1937, ch. 225, § 3; 1941 Comp., § 55-2524; 1953 Comp., § 73-26-24. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — The words "this act," at the end of the section, would mean by strict interpretation the sections of Laws 1937, ch. 225, by which they were inserted, compiled as 21-8-15, 21-8-16, 21-8-25 NMSA 1978. However, reference was apparently intended to apply to the whole of the original 1929 act as amended. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-8-26 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 8 - New Mexico State University|Section 21-8-26 - [Bonds exempt from taxation.]

Bonds issued under the provisions of this act [21-8-15, 21-8-16, 21-8-18 to 21-8-26 NMSA 1978], being for the sole purposes specified in Section 1 [21-8-15 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by this state or any subdivision thereof. Such bonds may be deposited as security for public monies by depositaries thereof within the state of New Mexico. History: Laws 1929, ch. 40, § 13; C.S. 1929, § 130-1026; 1941 Comp., § 55-2525; 1953 Comp., § 73-26-25. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 495, 526. Constitutional enumeration of subjects of tax exemption as affecting power of legislature to free government securities or property from taxation, 9 A.L.R. 436. 84 C.J.S. Taxation § 260.