reglab/housing_qa huggingface dataset:
NM Stat § 73-16-39 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-39 - [Bonds considered additional to other bonds; authority to issue; limitations.]

The bonds authorized to be issued under the terms hereof shall not in any manner impair the original construction fund bond issue, but shall be considered as additional securities authorized to be issued by conservancy districts, and full legislative authority is hereby granted to said districts to sell tax anticipation bonds, refunding bonds, debentures and other negotiable securities, pledging the full faith and credit of such districts, and power is hereby granted to such districts for the levy of special assessments to pay the same, but in no event shall the assessments or outstanding obligations of such districts exceed the amount of the benefits confirmed and approved. History: Laws 1935, ch. 37, § 10; 1941 Comp., § 77-2938; 1953 Comp., § 75-30-38. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 73-16-40 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-40 - [Limited repeal.]

All provisions of the original Conservancy Act of New Mexico conflicting herewith or limiting the power of conservancy district to issue or sell negotiable securities conforming to the provisions of this act [73-16-30 to 73-16-40 NMSA 1978] are to that extent repealed, but no remaining provisions of said Conservancy Act, otherwise than necessary to conform hereto or affected hereby shall be changed, altered or repealed. History: Laws 1935, ch. 37, § 11; 1941 Comp., § 77-2939; 1953 Comp., § 75-30-39. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — For the meaning of "Conservancy Act", see compiler's notes following 73-14-1 NMSA 1978.
NM Stat § 73-16-41 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-41 - [Guaranty fund established in districts of 50,000 acres or more.]

That conservancy districts heretofore or hereafter organized under the Conservancy Act of New Mexico [73-14-3 NMSA 1978], be and they hereby are authorized and directed, in addition to the separate funds now provided for, to establish in the manner hereinafter set forth a "guaranty fund" for the purpose of guaranteeing the prompt payment of the principal of and the interest upon all conservancy bonds heretofore issued or hereafter to be issued as the same may severally mature. History: Laws 1931, ch. 50, § 1; 1941 Comp., § 77-2940; 1953 Comp., § 75-30-40. ANNOTATIONSEmergency clauses. — Laws 1931, ch. 50, § 14, made the act effective March 13, 1931. Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — For the meaning of "Conservancy Act", see compiler's notes following 73-14-1 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 52A C.J.S. Levees and Flood Control § 40; 94 C.J.S. Waters § 330.
NM Stat § 73-16-42 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-42 - [Tax levy for guaranty fund.]

That for the establishment and maintenance of such guaranty fund, the board of commissioners or directors of any such district be and they hereby are authorized and directed annually to levy a tax, in addition to all other taxes, upon the real property within such district subject to general taxation for state and county purposes, of two mills for every dollar of the assessed valuation thereof, as shown by the last preceding assessment for state and county taxes; provided, however, that whenever and so long as the amount of such guaranty fund equals or exceeds an amount equal to fifteen per centum of the total bonded indebtedness of such district, no further levy shall be made therefor, unless and until the amount of such fund may be depleted by payments therefrom as hereinafter authorized. History: Laws 1931, ch. 50, § 2; 1941 Comp., § 77-2941; 1953 Comp., § 75-30-41. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Real estate to include steam production equipment. — Steam production equipment, consisting of turbines, boilers, pumps and fans, was real estate for taxation purposes where the utility company installed and maintained such equipment on special foundations, could not foresee moving it because of its huge size and weight and such equipment was the very heart of the company's business. Southwestern Pub. Serv. Co. v. Chaves County, 1973-NMSC-064, 85 N.M. 313, 512 P.2d 73. Electric transmission and distribution substation equipment not real estate. — Electric transmission and distribution substation equipment, consisting of transformers, switches and circuit breakers, was not real estate for taxation purposes since it was readily portable and had very little, if any, annexation or adaptation. Southwestern Pub. Serv. Co. v. Chaves County, 1973-NMSC-064, 85 N.M. 313, 512 P.2d 73. Am. Jur. 2d, A.L.R. and C.J.S. references. — 45 Am. Jur. 2d Irrigation §§ 70 to 72. 52A C.J.S. Levees and Flood Control §§ 28 to 39; 94 C.J.S. Waters §§ 332 to 337.
NM Stat § 73-16-43 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-43 - [Levy and collection of tax for guaranty fund.]

The tax for such guaranty fund shall be levied by resolution of the board; shall be known as the guaranty fund levy; and the amount of such levy upon the property subject thereto shall be certified and extended as in the case of other levies for state and county taxes. Said amount shall be collected for the use of such district as herein provided at the same time and in the same manner as taxes for state and county purposes, and the revenue laws of the state of New Mexico for the levy and collection of taxes for state and county purposes, including the enforcement of penalties and forfeiture for delinquent taxes, shall be applicable to the levy and collection of the amount of taxes certified by the board of such district for the guaranty fund as aforesaid. All collections made by the county treasurers pursuant to such levy shall be paid over to the district within the time and in the same manner as other district funds, and the county treasurers shall be liable on their official bonds and subject to the same penalties for failure so to collect and pay over such taxes, as in the case of other conservancy funds. History: Laws 1931, ch. 50, § 3; 1941 Comp., § 77-2942; 1953 Comp., § 75-30-42. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Cross references. — For public lands not to be sold for assessments, see 73-17-14 NMSA 1978. For valuation of property, see 7-36-1 to 7-36-33 NMSA 1978. For administration and enforcement of taxes, see 7-38-1 to 7-38-46 NMSA 1978. For delinquent taxes, see 7-38-46 to 7-38-93 NMSA 1978.
NM Stat § 73-16-44 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-44 - [Disposition of guaranty fund.]

The entire proceeds from such guaranty fund levy shall be deposited by the treasurer of such conservancy district in a separate fund to be known as the guaranty fund, and so long as any bonded indebtedness of such district remains outstanding and unpaid, the guaranty fund may be used only to pay the principal of and interest upon the bonded indebtedness of the district as the same shall mature, and then only when and if the district does not have on hand other funds available for such purposes. History: Laws 1931, ch. 50, § 4; 1941 Comp., § 77-2943; 1953 Comp., § 75-30-43. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 73-16-45 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-45 - [Investment of guaranty fund.]

The treasurer of any such district shall, when directed by resolution of the board, invest such guaranty fund, and the income thereof, in the United States government bonds or municipal bonds approved for savings bank investment in the states of New York and Massachusetts, so that the same may always be readily convertible into cash if and when needed for the purposes in this act [73-16-41 to 73-16-49 NMSA 1978] provided. History: Laws 1931, ch. 50, § 5; 1941 Comp., § 77-2944; 1953 Comp., § 75-30-44. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 73-16-46 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-46 - [Transfers from guaranty fund to other funds.]

If and when the bonded indebtedness of any such district has been paid and retired, and such guaranty fund is no longer needed for the purposes herein provided, such moneys, or any unexpended portion thereof, shall be placed in the construction or such other fund of the district as may be ordered by the board thereof. History: Laws 1931, ch. 50, § 6; 1941 Comp., § 77-2945; 1953 Comp., § 75-30-45. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 73-16-47 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-47 - [Other assessments unaffected.]

The provisions of this act [73-16-41 to 73-16-49 NMSA 1978] shall not invalidate the levy of any assessments or the apportionment of any benefits heretofore made in conservancy districts, nor shall the power to levy additional assessments in the manner provided in the Conservancy Act be affected hereby. History: Laws 1931, ch. 50, § 7; 1941 Comp., § 77-2946; 1953 Comp., § 75-30-46. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — For the meaning of "Conservancy Act", see compiler's notes following 73-14-1 NMSA 1978.
NM Stat § 73-16-48 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-48 - [Limitation on use of fund.]

No revenues collected from the ad valorem tax authorized herein shall be used for the payment of any interest or principal on bonds hereafter sold under any option existing at the time of the passage of this act [73-16-41 to 73-16-49 NMSA 1978] for the purchase of bonds of any conservancy district. History: Laws 1931, ch. 50, § 8; 1941 Comp., § 77-2947; 1953 Comp., § 75-30-47. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Temporary provisions. — Laws 1931, ch. 50, §§ 9 to 12, provided for the extension of time for payment of assessments and for the issuance of debentures.
NM Stat § 73-16-49 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-49 - [Application of Guaranty Fund Act.]

The provisions of this act [73-16-41 to 73-16-49 NMSA 1978] shall apply only to conservancy districts containing 50,000 acres or more. History: Laws 1931, ch. 50, § 13; 1941 Comp., § 77-2948; 1953 Comp., § 75-30-48. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 73-16-50 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-50 - Refunding bonds; form; registration.

Any conservancy district now organized and operating under the provisions of the Conservancy Act of New Mexico is authorized, whenever the board of directors of the district determines that it is for the best interests of the district and the taxpayers of the district, to refund the bonds of the district of every character at any time outstanding, including bonds issued hereunder, by the issue of new bonds of the district in such amount, in such form, designation and denomination and with such maturities and provisions for their payment and conditions for their retirement and calling and bearing such rate or rates of interest as the board may, by resolution, prescribe. Such bonds, except for bonds issued in book entry or similar form without the delivery of physical securities, shall be executed in the name and on behalf of the district and signed by the president of the board, with the seal of the district affixed thereto, and attested by the signature of the secretary. Installments of interest may be evidenced by coupons bearing the facsimile signature of the district treasurer. In case any officer whose signature or certificate appears upon bonds or coupons issued pursuant to Sections 73-16-50 through 73-16-53 NMSA 1978 ceases to be an officer before the delivery of the bonds, such signature or certificate shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until the delivery of the bonds. The coupon bonds may be registered either as to principal or interest or both, at the option of the holder, at the office of the district. History: Laws 1941, ch. 108, § 1; 1941 Comp., § 77-2949; 1953 Comp., § 75-30-49; Laws 1983, ch. 265, § 60. ANNOTATIONSCompiler's notes. — For the meaning of "Conservancy Act", see compiler's notes following 73-14-1 NMSA 1978. Laws 1941, ch. 108, was deemed to supersede Laws 1935, ch. 150, which authorized the issuance of refunding bonds to be in denominations of not less than $100, to bear interest at a rate not to exceed 6% and to mature within not more than 50 years. Laws 1935, ch. 150, also authorized the public and private sale to governmental entities of the refunding bonds, and declared them to be exempt from certain taxes. The 1983 amendment, effective April 7, 1983, added the catchline, deleted "negotiable" following "by the issue of new" in the first sentence, inserted "or rates" following "bearing such rate" in the first sentence, inserted "except for bonds issued in book entry or similar form without the delivery of physical securities" in the second sentence, substituted "Installments of interest may" for "The semiannual payments of interest shall" in the third sentence, substituted the New Mexico citation for "this act" in the fourth sentence and inserted "coupon" preceding "bonds" in the last sentence. Am. Jur. 2d, A.L.R. and C.J.S. references. — 45 Am. Jur. 2d Irrigation § 67. 52A C.J.S. Levees and Flood Control § 40; 94 C.J.S. Waters §§ 322, 330.
NM Stat § 73-16-51 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-51 - [Exchange or sale of bonds; incontestability.]

Such new bonds, when executed, shall be held by the treasurer of the district subject to the orders of the board of directors of the district. Such new bonds may be issued in exchange for the bonds refunded, or may be sold at public or private sale and the proceeds thereof used to acquire for retirement the bonds refunded. Such new bonds shall be incontestable in the hands of bona fide purchasers or holders thereof for value. No proceedings in respect to the issuance of any such bonds shall be necessary except such as are required by this act [73-16-50 to 73-16-53 NMSA 1978]. History: Laws 1941, ch. 108, § 2; 1941 Comp., § 77-2950; 1953 Comp., § 75-30-50. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 73-16-52 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-52 - [Bonds tax exempt; investment of state funds.]

Bonds issued under this act [73-16-50 to 73-16-53 NMSA 1978] shall be exempt from all state, county, municipal, school and other taxes imposed by any taxing authority of the state of New Mexico, and shall be considered as such interest-bearing securities as the permanent funds of the state of New Mexico may be invested in, as provided by law. History: Laws 1941, ch. 108, § 3; 1941 Comp., § 77-2951; 1953 Comp., § 75-30-51. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 73-16-53 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 16 - Conservancy Districts; Financial Administration|Section 73-16-53 - [Rank of bonds; security.]

Bonds issued under this act [73-16-50 to 73-16-53 NMSA 1978] shall rank on a parity with all other bonds of the issue or issues refunded in part thereby and shall in all respects be deemed substituted for the particular bonds refunded thereby and entitled to the same security and payable from the same funds as the bonds so refunded. For the payment of the new bonds the district shall be required to levy and collect the same assessments, taxes and charges as it would have been required to do for the payment of the bonds refunded. History: Laws 1941, ch. 108, § 4; 1941 Comp., § 77-2952; 1953 Comp., § 75-30-52. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 73-17-1 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 17 - Conservancy Districts; General Provisions|Section 73-17-1 - Lands in more than one district.

A. The same land may be included in more than one district and be subject to the provisions of this act for each and every district in which it may be included, provided that no district shall be organized in whole or in part within the territory of a district already organized, until the court having jurisdiction of the original district shall determine, upon application, whether the purposes of this act will best be accomplished by the organization of an additional district, or whether the conditions demand that the territory proposed to be organized into an additional district shall be organized as part of the existing district. Such application shall fulfill all the requirements of a petition for a district as set forth in Section 202 [73-14-5 NMSA 1978]. B. Upon such application being made, if the court shall determine that the organization of such territory as a part of the original district should not be ordered, then proceedings may be had before any court of competent jurisdiction for the formation of an additional district. C. Any person whose signature has been subscribed to said application may within ten (10) days after such decision withdraw his signature therefrom, and if at the expiration of said period there remain sufficient subscribers to said petition to satisfy the requirements of Section 202, and in case the court shall determine that the territory described in such application, if organized for the purpose of a district, should be included within the original district, like proceedings shall thereupon be had with respect to the territory and the owners thereof as in the case of a petition for the formation of a district. Upon the hearing so had, if it shall appear that the purpose of this act would be subserved by the organization of such territory as part of the original district, the court shall enter an order accordingly. History: Laws 1927, ch. 45, § 601; C.S. 1929, § 30-601; 1941 Comp., § 77-3001; 1953 Comp., § 75-31-1. ANNOTATIONSCompiler's notes. — The term "this act" refers to the Conservancy Act of New Mexico, enacted by Laws 1927, ch. 45, the provisions of which are presently compiled as 73-14-1 to 73-14-9, 73-14-16, 73-14-17, 73-14-33 to 73-14-48, 73-15-1 to 73-15-15, 73-16-1 to 73-16-4, 73-16-6 to 73-16-29 and 73-17-1 to 73-17-24 NMSA 1978. See 73-14-1 NMSA 1978 and notes. Same land may be included in more than one district. In re Sandia Conservancy Dist., 1953-NMSC-056, 57 N.M. 413, 259 P.2d 577. Law reviews. — For article, "Existing Legislation and Proposed Model Flood Plain Ordinance For New Mexico Municipalities," see 9 Nat. Resources J. 629 (1969). Am. Jur. 2d, A.L.R. and C.J.S. references. — 45 Am. Jur. 2d Irrigation § 60. 52A C.J.S. Levees and Flood Control § 17; 94 C.J.S. Waters § 319(3).
NM Stat § 73-17-3 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 17 - Conservancy Districts; General Provisions|Section 73-17-3 - Subdistricts.

A. Whenever it is desired to construct improvements wholly within or partly within and partly without any district organized under this act, which improvements will affect only a part of said district, for the purpose of accomplishing such work, subdistricts may be organized upon petition of the owners of property, which petition shall fulfill the same requirements concerning the subdistricts as the petition outlined in Section 202 [73-14-5 NMSA 1978] of this act is required to fulfill concerning the organization of the main district, and shall be filed with the clerk of the district court and shall be accompanied by a bond as provided for in Section 203 [73-14-6 NMSA 1978] of this act. All proceedings relating to the organization of such subdistricts shall conform in all things to the provisions of this act relating to the organization of districts. B. Whenever the court shall by its order duly entered of record, declare and decree such subdistricts to be organized, the clerk of the said court shall thereupon give notice of such order to the board of the district, who shall thereupon act also as the board of directors of the subdistrict. C. Thereafter, the proceedings in reference to the subdistrict shall in all matters conform to the provisions of this act, except that in the appraisal of benefits and damages for the purposes of such subdistricts, in the issuance of bonds, in the levying of assessments and in all other matters affecting only the subdistrict, the provisions of this act shall apply to the subdistrict as though it were an independent district, and it shall not, in these things, be amalgamated with the main district. D. The board of directors, board of appraisers, chief engineer, attorney, secretary and other officers, agents and employes [employees] of the district shall, so far as it may be necessary, serve in the same capacity for such subdistrict, and contracts and agreements between the main district and subdistrict may be made in the same manner as contracts and agreements between two districts. The distribution of administration expense between the main district and subdistrict shall be in proportion to the interests involved, and the amount of service rendered, such division to be made by the board with the right of appeal to the court establishing the district. E. This section shall not be held to prevent the organization of independent districts for local improvements under other laws within the limits of a district organized under this act. History: Laws 1927, ch. 45, § 603; C.S. 1929, § 30-603; 1941 Comp., § 77-3003; 1953 Comp., § 75-31-3. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — For the meaning of "this act", see the compiler's notes to 73-17-1 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 52A C.J.S. Levees and Flood Control §§ 13, 19; 94 C.J.S. Waters § 319.
NM Stat § 73-17-4 (2021)
2021 New Mexico Statutes|Chapter 73 - Special Districts|Article 17 - Conservancy Districts; General Provisions|Section 73-17-4 - District protection.

The board shall have the right to police and protect the works of the district, to prevent persons, vehicles or livestock from passing over the works of the district and prevent the doing of any act which would result in damage thereto. History: Laws 1927, ch. 45, § 701; C.S. 1929, § 30-701; 1941 Comp., § 77-3004; 1953 Comp., § 75-31-4.