reglab/housing_qa huggingface dataset:
NM Stat § 72-20-61 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-61 - Single bonds.

Notwithstanding any other provision of law, the board in any proceedings authorizing securities under the Eastern Sandoval County Arroyo Flood Control Act: A. may provide for the initial issuance of one or more securities, in this section called "bond", aggregating the amount of the entire issue or a designated portion thereof; B. may make such provision for installment payments of the principal amount of any such bond as it may consider desirable; C. may provide for the making of any such bond payable to bearer or otherwise, registrable as to principal or as to both principal and interest, and where interest accruing thereon is not represented by interest coupons, for the endorsing of payments of interest on such bonds; and D. may further make provision in any such proceedings for the manner and circumstances in and under which any such bond may in the future, at the request of the holder thereof, be converted into securities of smaller denominations, which securities of smaller denominations may in turn be either coupon bonds or bonds registrable as to principal or principal and interest or both. History: Laws 2007, ch. 99, § 61. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-62 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-62 - Lost or destroyed securities.

If lost or completely destroyed, any security may be reissued in the form and tenor of the lost or destroyed security upon the owner furnishing to the satisfaction of the board: A. proof of ownership; B. proof of loss or destruction; C. a surety bond in twice the face amount of the security and any coupons; and D. payment of the cost of preparing and issuing the new security. History: Laws 2007, ch. 99, § 62. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-63 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-63 - Execution of securities.

Any security shall be executed in the name of and on behalf of the authority and signed by the chair, with the seal of the authority affixed thereto and attested by the secretary, except for securities issued in book entry or similar form without the delivery of physical securities. History: Laws 2007, ch. 99, § 63. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-64 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-64 - Interest coupons.

Except for any bonds that are registrable for payment of interest, interest coupons payable to bearer and appertaining to the bonds shall be issued and shall bear the original or facsimile signature of the chair. History: Laws 2007, ch. 99, § 64. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-65 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-65 - Facsimile signatures.

Any of the officers, after filing with the secretary of state the officer's manual signature certified by the officer under oath, may execute or cause to be executed with a facsimile signature in lieu of the officer's manual signature any security authorized in the Eastern Sandoval County Arroyo Flood Control Act; provided that such a filing is not a condition of execution with a facsimile signature of any interest coupon, and provided that at least one signature required or permitted to be placed on each such security, excluding any interest coupon, shall be manually subscribed. An officer's facsimile signature has the same legal effect as the officer's manual signature. History: Laws 2007, ch. 99, § 65. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-66 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-66 - Facsimile seal.

The secretary may cause the seal of the authority to be printed, engraved, stamped or otherwise placed in facsimile on any security. The facsimile seal has the same legal effect as the impression of the seal. History: Laws 2007, ch. 99, § 66. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-67 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-67 - Signatures of predecessors in office.

The securities and any coupons bearing the signatures of the officers in office at the time of the signing shall be the valid and binding obligations of the authority, notwithstanding that before the delivery thereof and payment therefor, any or all of the persons whose signatures appear on those securities or coupons shall have ceased to fill their respective offices. History: Laws 2007, ch. 99, § 67. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-68 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-68 - Facsimile signatures of predecessors.

Any officer authorized or permitted in the Eastern Sandoval County Arroyo Flood Control Act to sign any security or interest coupon, at the time of its execution and of the execution of a signature certificate, may adopt as and for the officer's own facsimile signature the facsimile signature of the officer's predecessor in office in the event that such facsimile signature appears upon the security or coupons appertaining thereto, or upon both the security and such coupons. History: Laws 2007, ch. 99, § 68. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-69 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-69 - Repurchase of securities.

The securities may be repurchased by the authority out of any funds available for such purpose from the project to which they pertain at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, that might, on the next redemption date of such securities, be paid to the holders thereof if such securities should be called for redemption on such date pursuant to their terms, and all securities so repurchased shall be canceled. History: Laws 2007, ch. 99, § 69. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-70 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-70 - Customary provisions.

The resolution authorizing the securities or other instrument appertaining thereto may contain any agreement or provision customarily contained in instruments securing securities, including without limiting the generality of the foregoing, covenants designated in Section 76 [72-20-76 NMSA 1978] of the Eastern Sandoval County Arroyo Flood Control Act. History: Laws 2007, ch. 99, § 70. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-71 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-71 - Sale of securities.

Any securities authorized in the Eastern Sandoval County Arroyo Flood Control Act, except for warrants not issued for cash and except for temporary bonds issued pending preparation of definitive bond or bonds, shall be sold at public or private sale at, above or below par at a net effective interest rate not exceeding the maximum net effective interest rate permitted by the Public Securities Act [6-14-1 to 6-14-3 NMSA 1978], as amended and supplemented by the Eastern Sandoval County Arroyo Flood Control Act. History: Laws 2007, ch. 99, § 71. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-72 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-72 - Sale discount or commission prohibited.

No discount, except as provided by the Eastern Sandoval County Arroyo Flood Control Act, or commission shall be allowed or paid on or for any security sale to any purchaser or bidder, directly or indirectly, but nothing contained in that act shall be construed as prohibiting the board from employing legal, fiscal, engineering and other expert services in connection with any project or facilities authorized in that act and with the authorization, issuance and sale of securities. History: Laws 2007, ch. 99, § 72. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-73 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-73 - Application of proceeds.

All money received from the issuance of any securities authorized in the Eastern Sandoval County Arroyo Flood Control Act shall be used solely for the purpose for which issued and the cost of any project thereby delineated. Any accrued interest and any premium shall be applied to the payment of the interest on, or the principal of, the securities, or both interest and principal, or shall be deposited in a reserve therefor, as the board may determine. History: Laws 2007, ch. 99, § 73. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-74 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-74 - Use of unexpended proceeds.

Any unexpended balance of such security proceeds remaining after the completion of the acquisition or improvement and equipment of the project or the completion of the purpose for which such securities were issued shall be paid immediately into the fund created for the payment of the principal of such securities and shall be used therefor, subject to the provisions as to the times and methods for their payment as stated in the securities and the proceedings authorizing or otherwise appertaining to their issuance, or so paid into a reserve therefor. History: Laws 2007, ch. 99, § 74. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-75 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-75 - Validity unaffected by use of proceeds.

The validity of such securities shall not be dependent on nor affected by the validity or regularity of any proceedings relating to the acquisition or improvement and equipment of the project or the proper completion of any project for which the securities are issued. The purchaser or purchasers of the securities shall in no manner be responsible for the application of the proceeds of the securities by the authority or any of its officers, agents and employees. History: Laws 2007, ch. 99, § 75. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-76 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-76 - Covenants in security proceedings.

Any resolution or trust indenture authorizing the issuance of securities or any other instrument appertaining thereto may contain covenants and other provisions, notwithstanding such covenants and provisions may limit the exercise of powers conferred by the Eastern Sandoval County Arroyo Flood Control Act, in order to secure the payment of such securities in agreement with the holders and owners of such securities, as the board may determine, including without limiting the generality of the foregoing, all such acts and things as may be necessary or convenient or desirable in order to secure the authority's securities, or in the discretion of the board tend to make the securities more marketable, notwithstanding that such covenant, act or thing may not be enumerated in that act, it being the intention of that act to give the authority power to do all things in the issuance of securities and for their security except as specifically limited in that act. History: Laws 2007, ch. 99, § 76. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-77 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-77 - Remedies of security holders.

Subject to any contractual limitations binding upon the holders of any issue or series of securities, or trustee therefor, including the restriction of the exercise of any remedy to a specified proportion, percentage or number of such holders, and subject to any prior or superior rights of others, any holder of securities, or trustee therefor, shall have the right and power for the equal benefit and protection of all holders of securities similarly situated: A. by mandamus or other suit, action or proceeding at law or in equity to enforce the holder's rights against the authority and the board and any of its officers, agents and employees, and to require and compel the authority or the board or any such officers, agents or employees to perform and carry out its and their duties, obligations or other commitments under the Eastern Sandoval County Arroyo Flood Control Act and its and their covenants and agreements with the holder of any security; B. by action or suit in equity to require the authority and the board to account as if they were the trustee of an express trust; C. by action or suit in equity to have appointed a receiver, which receiver may enter and take possession of any system or project or services revenues from which are pledged for the payment of the securities, prescribe sufficient fees derived from the operation thereof, and collect, receive and apply all revenues or other money pledged for the payment of the securities in the same manner as the authority itself might do in accordance with the obligations of the authority; and D. by action or suit in equity to enjoin any acts or things that may be unlawful or in violation of the rights of the holder of any security and to bring suit thereupon. History: Laws 2007, ch. 99, § 77. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-78 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-78 - Limitations upon liabilities.

Neither the directors nor any person executing securities issued under the Eastern Sandoval County Arroyo Flood Control Act shall be liable personally on the securities by reason of the issuance thereof. Securities issued pursuant to the Eastern Sandoval County Arroyo Flood Control Act shall not be in any way a debt or liability of the state or of any municipality or other public body and shall not create or constitute any indebtedness, liability or obligation of the state or of any such municipality or other public body, either legal, moral or otherwise, and nothing contained in that act shall be construed to authorize the authority to incur any indebtedness on behalf of or in any way to obligate the state or any municipality or other public body, except the authority and except as otherwise expressly stated or necessarily implied in that act. History: Laws 2007, ch. 99, § 78. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-79 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-79 - Cancellation of paid securities.

Whenever the treasurer shall redeem and pay any of the securities issued under the provisions of the Eastern Sandoval County Arroyo Flood Control Act, the treasurer shall cancel the same by writing across the face thereof or stamping thereon the word "paid", together with the date of its payment, sign the treasurer's name thereto and transmit the same to the secretary, taking the secretary's receipt therefor, which receipt shall be filed in the records of the authority. The secretary shall credit the treasurer on the secretary's books for the amount so paid. History: Laws 2007, ch. 99, § 79. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-80 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-80 - Interest after maturity.

No interest shall accrue on any security in the Eastern Sandoval County Arroyo Flood Control Act authorized after it becomes due and payable; provided that funds for the payment of the principal of and the interest on the security and any prior redemption premium due are available to the paying agent for such payment without default. History: Laws 2007, ch. 99, § 80. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-81 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-81 - Refunding bonds.

Any bonds issued under the Eastern Sandoval County Arroyo Flood Control Act may be refunded, without an election, but subject to provisions concerning their payment and to any other contractual limitations in the proceedings authorizing their issuance or otherwise appertaining thereto, pursuant to a resolution or resolutions to be adopted by the board in the manner provided in that act for the issuance of other securities, to refund, pay or discharge all or any part of the authority's outstanding bonds, heretofore or hereafter issued, including any interest thereon in arrears or about to become due, or for the purpose of reducing interest costs or effecting other economies or of modifying or eliminating restrictive contractual limitations appertaining to the issuance of additional bonds or any project, or any combination thereof. History: Laws 2007, ch. 99, § 81. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-82 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-82 - Method of issuance.

Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds authorized to be refunded or may be sold as provided in the Eastern Sandoval County Arroyo Flood Control Act for the sale of other bonds. History: Laws 2007, ch. 99, § 82. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-83 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-83 - Limitations upon issuance.

No bonds may be refunded under the Eastern Sandoval County Arroyo Flood Control Act unless the holders of the bonds voluntarily surrender them for exchange or payment or unless they either mature or are callable for prior redemption under their terms within ten years from the date of issuance of the refunding bonds. Provision shall be made for paying the bonds within that period of time. No maturity of any bonds refunded may be extended over fifteen years nor may any interest on the bonds be increased to any coupon rate exceeding the maximum net effective interest rate permitted by the Public Securities Act [6-14-1 to 6-14-3 NMSA 1978]. The principal amount of the refunding bonds may exceed the principal amount of the refunded bonds if the aggregate principal and interest costs of the refunding bonds do not exceed such unaccrued costs of the bonds refunded. The principal amount of the refunding bonds may also be less than or the same as the principal amount of the bonds refunded so long as provision is duly and sufficiently made for their payment. History: Laws 2007, ch. 99, § 83. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-84 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-84 - Use of refunding bond proceeds.

The proceeds of refunding bonds shall either be immediately applied to the retirement of the bonds to be refunded or be placed in escrow to be applied to the payment of the bonds upon their presentation; provided, however, any accrued interest and any premium appertaining to a sale of refunding bonds may be applied to the payment of the interest or the principal or both interest and principal or may be deposited in a reserve therefor as the board may determine. The escrow shall not necessarily be limited to refunding bond proceeds but may include other money made available for such purpose. Any escrowed proceeds pending such use may be invested or reinvested in federal securities. Escrowed proceeds and investments, together with any interest to be derived from any such investment, shall be in an amount at all times sufficient as to principal, interest, any prior redemption premium due and any charges of the escrow agent payable therefrom to pay the bonds refunded as they become due at their respective maturities or due at designated prior redemption date or dates upon which the board shall exercise a prior redemption option. Upon establishment of an escrow in accordance with this section, the refunded bonds payable therefrom no longer constitute outstanding indebtedness of the authority. History: Laws 2007, ch. 99, § 84 ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-85 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-85 - Payment of refunding bonds.

Refunding revenue bonds may be made payable from any revenues derived from the operation of the flood control system or any project, notwithstanding the pledge of such revenues for the payment of the outstanding bonds issued by the authority that are to be refunded is thereby modified. Any refunding revenue bonds shall not be made payable from taxes unless the bonds thereby refunded are payable from taxes. History: Laws 2007, ch. 99, § 85. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.
NM Stat § 72-20-86 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 20 - Eastern Sandoval County Arroyo Flood Control Act|Section 72-20-86 - Combination of refunding and other bonds.

Bonds for refunding and bonds for any other purpose or purposes authorized in the Eastern Sandoval County Arroyo Flood Control Act may be issued separately or issued in combination in one series or more. History: Laws 2007, ch. 99, § 86. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.