reglab/housing_qa huggingface dataset:
NM Stat § 6-21-6.11 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-6.11 - Rural county cancer treatment fund created; purpose; appropriation.

The "rural county cancer treatment fund" is created in the New Mexico finance authority. The fund is composed of appropriations, donations, distributions pursuant to Section 7-1-6.11 NMSA 1978 and money earned from investment of the fund and otherwise accruing to the fund. Money in the fund is appropriated to the New Mexico finance authority to provide a revenue stream to finance the design, construction, equipping and furnishing of additions and improvements to cancer treatment facilities in class B counties. Balances remaining in the fund at the end of a fiscal year shall not revert. The New Mexico finance authority shall administer the fund, and money from the fund may be drawn only on warrants signed by the executive director of the New Mexico finance authority pursuant to vouchers signed by the chief financial officer or the officer's authorized representative. History: Laws 2006, ch. 89, § 4; 2013, ch. 14, § 2. ANNOTATIONSThe 2013 amendment, effective June 14, 2013, authorized the use of funds to finance the design, equipping and furnishing of additions and improvements to cancer treatment facilities in class B counties; in the third sentence, after "to finance the", added "design" and after "construction", deleted "of" and added "equipping and furnishing of additions and improvements"; and in the fifth the sentence, after "pursuant to vouchers signed by the", deleted "executive director" and added "chief financial officer or the officer's authorized representative". Bond authorization. — Laws 2013, ch. 14, § 1, effective June 14, 2013, amended Laws 2006, ch. 89, § 1, as amended by Laws 2007, ch. 215, § 1, to authorize the New Mexico finance authority to issue revenue bonds for the regional cancer treatment center at the Gila regional medical center in Grant county and the Nor-Lea General Hospital in Lea county. Laws 2008, ch. 60, § 1, effective May 14, 2008, amended Laws 2006, ch. 89, § 1, as amended by Laws 2007, ch. 215, § 1, to authorize the New Mexico finance authority to issue additional revenue bonds for the regional cancer treatment center at the Nor-Lea General Hospital in Lea county. Laws 2007, ch. 215, § 1, amended laws 2006, ch. 89, §1, to increase the authorization to sell revenue bonds for the cancer treatment center at the Gila regional medical center from $2,500,000 to $3,000,000. Laws 2006, ch. 89, §1, effective May 17, 2006, authorized the New Mexico finance authority to issue and sell revenue bonds for the propose of designing, constructing, equipping and furnishing additions and improvements to a regional cancer treatment center at the Gila regional medical center in Grant county and subsequently rural cancer treatment facilities in class B counties.
NM Stat § 6-21-6.13 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-6.13 - Metropolitan court bond guarantee fund.

A. The "metropolitan court bond guarantee fund" is created in the authority. The fund is comprised of appropriations, donations, transfers pursuant to Section 3-18-17 NMSA 1978 and money earned from investment of the fund and otherwise accruing to the fund. Money in the fund is appropriated to the authority as a credit enhancement to the distributions from the court facilities fund in order to guarantee and secure the payment of principal, interest, premiums and expenses on bonds issued pursuant to Section 34-9-16 NMSA 1978 and Laws 2000, Chapter 5, Section 2. Balances remaining in the fund at the end of a fiscal year shall not revert. The authority shall administer the fund, and money from the fund may be drawn only on warrants signed by the chief executive officer of the authority pursuant to vouchers signed by the chief executive officer. B. Before each due date for payments of principal, interest, premiums or expenses on bonds issued pursuant to Section 34-9-16 NMSA 1978 and Laws 2000, Chapter 5, Section 2, the authority shall determine if the distributions from the court facilities fund will be sufficient to meet the amount due. If the authority determines that distributions from the court facilities fund are not sufficient to meet the total amount due, any insufficient amount shall be paid immediately from the metropolitan court bond guarantee fund. After each due date for a payment on the bonds, the authority shall determine the amount necessary to reserve in the metropolitan court bond guarantee fund as security for future payments and transfer any balance, above the amount reserved, to the traffic safety bureau of the department of transportation. The amounts transferred are appropriated to the bureau for expenditure on statewide efforts to prevent or reduce incidents of driving while intoxicated. C. Upon payment of all principal, interest, premiums and expenses on bonds guaranteed and secured by amounts in the metropolitan court bond guarantee fund, the authority shall certify to the administrative office of the courts that all obligations for bonds have been fully discharged. Upon the certification, the director of the administrative office of the courts shall cease transferring amounts to the metropolitan court bond guarantee fund and transfer those amounts to the traffic safety bureau of the department of transportation. Such amounts are appropriated to the bureau for the purposes specified in Subsection B of this section. History: Laws 2008, ch. 91, § 2. ANNOTATIONSTemporary provisions. — Laws 2008, ch. 91, § 3 provided that the provisions of Laws 2008, ch. 91 apply prospectively to all municipal ordinances enacted before or after July 1, 2008. Effective dates. — Laws 2008, ch. 91, § 4 made this section effective July 1, 2008.
NM Stat § 6-21-7 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-7 - Public project finance program; duties of authority.

The authority has the following duties: A. to develop and administer a program to assist qualified entities individually or jointly in financing public projects; B. to establish a process and procedures for review and assessment of public project needs in the state and report to the New Mexico finance authority oversight committee, the legislature and the governor the authority's public project financing and repayment agreement recommendations; and C. to cooperate with and exchange services and information with any federal, state or local governmental agency. History: Laws 1992, ch. 61, § 7.
NM Stat § 6-21-9 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-9 - Public project financing; powers of qualified entities.

A qualified entity may: A. obligate itself to pay to the authority at periodic intervals a sum sufficient to pay all or part of debt service or other obligation, including fees and other charges imposed by the authority with respect to bonds issued by the authority to fund a public project, and to make such payments to the authority for deposit in the fund or account designated by the authority; B. fulfill any obligation to pay the authority by the issuance of bonds in accordance with the laws authorizing such issuance by the qualified entity; provided that notwithstanding the provisions of any law to the contrary, such bonds may be sold at private sale to the authority at the price and upon the terms and conditions the qualified entity shall determine; C. levy, collect and pay to the authority and obligate itself to continue to levy, collect and pay to the authority the proceeds from one or more sources of funds or revenues, including but not limited to charges, licenses, permits, taxes, user or other fees, special assessments or other funds or revenue available to the qualified entity, in accordance with the laws authorizing imposition or levy thereof by the qualified entity; D. undertake and obligate itself to pay its contractual obligation to the authority solely from the proceeds from any of the sources specified in Subsection C of this section or, in accordance with the laws authorizing issuance of bonds by a qualified entity, impose upon itself a general obligation to impose a property tax to pay bonds held by the authority which may be additionally secured by a pledge of any of the sources specified in Subsection C of this section; provided, however, that any general obligation involving property tax revenues is subject to applicable constitutional debt requirements; E. lease buildings, facilities and other real and personal property from the authority; and F. enter into agreements, perform acts and delegate functions and duties that the qualified entity determines are necessary or desirable to enable the authority to assist the qualified entity in financing a public project. History: Laws 1992, ch. 61, § 9; 2001, ch. 294, § 5. ANNOTATIONSThe 2001 amendment, effective April 5, 2001, added Subsection E and redesignated the subsequent subsection.
NM Stat § 6-21-10 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-10 - Purchases in name of authority; documentation.

A. All tangible and intangible property, real and personal property and securities purchased, held or owned at any time by the authority shall at all times be purchased and held in the name of the authority or may be mortgaged, assigned or otherwise encumbered as security for the repayment of bonds issued by the authority. B. All securities purchased at any time by the authority, upon delivery to the authority, shall be accompanied by all documentation required by the authority and shall include an approving opinion of recognized bond counsel and certification and guarantee of signatures and disclosure of any pending litigation. History: Laws 1992, ch. 61, § 10; 2001, ch. 294, § 6; 2010, ch. 16, § 1. ANNOTATIONSThe 2010 amendment, effective May 19, 2010, in Subsection B, after "certification and guarantee of signatures", deleted "and certification as to no litigation pending as of the date of delivery of the securities challenging the validity or issuance of such securities" and added "and disclosure of any pending litigation". The 2001 amendment, effective April 5, 2001, in Subsection A, added "tangible and intangible property, real and personal property and" near the beginning of the subsection, and the language beginning "or may be mortgaged" to the end of the subsection.
NM Stat § 6-21-12 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-12 - Bonds; authorization for issuance; terms and conditions.

A. Bonds of the authority shall be authorized by resolution of the authority and may be issued in one or more series. The bonds shall bear the dates, be in the form, be issued in the denominations, have terms and maturities, bear interest at rates and be payable and evidenced in the manner and times as the resolution of the authority or the trust agreement securing the bonds provides. The bonds may be redeemed with or without premiums prior to maturity, may be ranked or assigned priority status and may contain provisions not inconsistent with this subsection. B. The bonds issued by the authority may be sold at any time at private or public sale at prices agreed upon by the authority. C. Bonds may be issued pursuant to the New Mexico Finance Authority Act without obtaining the consent of any agency of the state and without any other proceeding or condition other than the proceedings or conditions specified in that act. D. The bonds issued by the authority are negotiable instruments for all purposes of the Uniform Commercial Code [Chapter 55 NMSA 1978], subject only to the provisions of the bonds for registrations. E. Any resolution for the issuance of bonds shall provide that each bond authorized shall recite that it is issued by the authority. The recital shall clearly state that the bonds are in full compliance with all of the provisions of the New Mexico Finance Authority Act. History: Laws 1992, ch. 61, § 12.
NM Stat § 6-21-13 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-13 - Bonds secured by trust indenture.

The bonds may be secured by a trust indenture between the authority and a corporate trustee which may be either a bank having trust powers or a trust company. The trust indenture may contain reasonable provisions for protecting and enforcing the rights and remedies of bondholders, including covenants setting forth the duties of the authority in relation to the exercise of its powers and the custody, use and investment of the money. The authority may provide by the trust indenture for the payment of the proceeds of the bonds and the revenue to the trustee under the trust indenture or other depository for disbursement with such safeguards as the authority determines are necessary. History: Laws 1992, ch. 61, § 13.
NM Stat § 6-21-14 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-14 - Publication of notice; validation; limitation of action.

A. After adoption of a resolution authorizing issuance of bonds, the authority shall publish notice of the adoption of the resolution once in a newspaper of general statewide circulation. B. After the passage of thirty days from the publication required by Subsection A of this section, any action attacking the validity of the proceedings had or taken by the authority preliminary to and in the authorization and issuance of the bonds described in the notice is perpetually barred. History: Laws 1992, ch. 61, § 14.
NM Stat § 6-21-15 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-15 - Refunding bonds.

The authority is authorized to issue its bonds for the purpose of refunding any bonds then outstanding, including the payment of any redemption premiums thereon and any interest accrued or to accrue to the date of redemption of the outstanding bonds. Until the proceeds of the bonds issued for the purpose of refunding outstanding bonds are applied to the purchase or retirement of the outstanding bonds or the redemption of the outstanding bonds, the proceeds may be placed in escrow and be invested and reinvested. The interest, income and profits, if any, earned or realized on any such investment may, in the discretion of the authority, also be applied to the payment of the outstanding bonds to be refunded by purchase, retirement or redemption, as the case may be. After the terms of the escrow have been fully satisfied and carried out, any balance of such proceeds and interest, if any, earned or realized on the investments thereof may be returned to the authority for use by it in any lawful manner. All such bonds shall be issued and secured and shall be subject to the provisions of the New Mexico Finance Authority Act in the same manner and to the same extent as any other bonds issued pursuant to the New Mexico Finance Authority Act. History: Laws 1992, ch. 61, § 15.
NM Stat § 6-21-16 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-16 - Bond anticipation notes.

The authority is authorized to issue negotiable bond anticipation notes and may renew the same from time to time, but the maximum maturity of such notes, including renewals of such notes, shall not exceed ten years from the date of issue of the original notes. The notes shall be payable from any money of the authority available for them and not otherwise pledged from loans to or securities issued by a qualified entity or from the proceeds of sale of the bonds of the authority, the state or a qualified entity in anticipation of which such notes were issued. The notes may be issued for any purpose of the authority. All such notes shall be issued and secured and shall be subject to the provisions of the New Mexico Finance Authority Act in the same manner and to the same extent as bonds issued pursuant to the New Mexico Finance Authority Act. History: Laws 1992, ch. 61, § 16; 1995, ch. 141, § 18. ANNOTATIONSThe 1995 amendment, effective April 5, 1995, inserted "from loans to or securities issued by a qualified entity" and inserted "the state or a qualified entity" in the second sentence.
NM Stat § 6-21-17 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-17 - Remedies of bondholders.

Any holder of bonds issued pursuant to the New Mexico Finance Authority Act or a trustee under a trust indenture entered into pursuant to that act, except to the extent that his rights are restricted by any bond resolution or trust indenture authorized pursuant to the bond resolution, may protect and enforce, by any suitable form of legal proceedings, any rights under the laws of this state or granted by the bond resolution or trust indenture authorized pursuant to the bond resolution. Such rights include the right to compel the performance of all duties of the authority required by the New Mexico Finance Authority Act or the bond resolution and to enjoin unlawful activities. History: Laws 1992, ch. 61, § 17.
NM Stat § 6-21-18 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-18 - Agreement of the state.

The state does hereby pledge to and agree with the holders of any bonds or notes issued under the New Mexico Finance Authority Act that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the holders thereof or in any way impair the rights and remedies of those holders until the bonds or notes together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of those holders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in any agreement with the holders of the bonds or notes. History: Laws 1992, ch. 61, § 18.
NM Stat § 6-21-19 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-19 - Bonds; legal investments for public officers and fiduciaries.

The bonds issued under the authority of the New Mexico Finance Authority Act shall be legal investments in which all insurance companies, banks and savings and loan associations organized under the laws of the state, public officers and public bodies and all administrators, guardians, executors, trustees and other fiduciaries may properly and legally invest funds. History: Laws 1992, ch. 61, § 19.
NM Stat § 6-21-20 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-20 - Tax exemption.

A. It is hereby determined that the creation of the authority is in all respects for the benefit of the people of the state, for the improvement of their health and welfare and for the promotion of proposed projects or facilities pursuant to the New Mexico Finance Authority Act, and that these purposes are public purposes and the authority will be performing an essential governmental function in the exercise of the powers conferred upon it by the New Mexico Finance Authority Act. The state covenants with the purchasers and all subsequent holders and transferees of bonds issued by the authority, in consideration of the acceptance of and payment for the bonds, that the bonds issued pursuant to that act and the income from the bonds shall at all times be free from taxation by the state, except for estate or gift taxes and taxes on transfers. B. The property, income and operations of the authority shall be exempt from taxation of every kind and nature. History: Laws 1992, ch. 61, § 20.
NM Stat § 6-21-21 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-21 - Money of the authority; expenses; audit; annual report.

A. All money of the authority, except as otherwise authorized or provided in the New Mexico Finance Authority Act or in a bond resolution, trust indenture or other instrument under which bonds are issued, shall be deposited as soon as practical in a separate account or accounts in banks or trust companies organized under the laws of this state. All deposits of money shall be secured, if required by the authority, in such a manner as the authority determines to be prudent. Banks or trust companies are authorized to give security for deposits of the authority. B. Subject to the provisions of any contract with bondholders, the authority shall prescribe a system of accounts. C. Money held by the authority that is not needed for immediate disbursement, including any funds held in reserve, may be deposited with the state treasurer for short-term investment pursuant to Section 6-10-10.1 NMSA 1978 or may be invested in direct and general obligations of or obligations fully and unconditionally guaranteed by the United States, obligations issued by agencies of the United States, obligations of this state or any political subdivision of the state, interest-bearing time deposits, commercial paper issued by corporations organized and operating within the United States and rated "prime" quality by a national rating service, other investments permitted by Section 6-10-10 NMSA 1978 or as otherwise provided by the trust indenture or bond resolution, if the funds are pledged for or secure payment of bonds issued by the authority. D. The authority shall have an audit of its books and accounts made at least once each year by the state auditor or by a certified public accounting firm whose proposal has been reviewed and approved by the state auditor. The cost of the audit shall be an expense of the authority. Copies of the audit shall be submitted to the governor and the New Mexico finance authority oversight committee and made available to the public. E. The authority shall submit a report of its activities to the governor and to the legislature not later than December 1 of each year. Each report shall set forth a complete operating and financial statement covering its operations for that year. History: Laws 1992, ch. 61, § 21; 1995, ch. 141, § 19; 1996, ch. 28, § 2. ANNOTATIONSThe 1996 amendment, effective March 4, 1996, substituted "other investments permitted by Section 6-10-10 NMSA 1978" for "prime bankers' acceptances issued by money center" in Subsection C. The 1995 amendment, effective April 5, 1995, inserted "interest-bearing time deposits, commercial paper issued by corporations organized and operating within the United States and rated 'prime' quality by a national rating service, prime bankers' acceptances issued by money center" in Subsection C.
NM Stat § 6-21-22 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 21 - Finance Authority|Section 6-21-22 - Corporate existence.

The authority and its corporate existence shall continue until terminated by law, provided that no such law shall take effect so long as the authority has bonds or other obligations outstanding, unless adequate provision has been made for the payment of such obligations. Upon termination of the existence of the authority, all its rights and properties in excess of its obligations shall pass to and be vested in the state. History: Laws 1992, ch. 61, § 22.