reglab/housing_qa huggingface dataset:
NM Stat § 3-51-36 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-36 - Form and sale of bonds.

A. Bonds of a city issued hereunder, shall be authorized by its ordinance and may be issued in one or more series and shall bear the date or dates, mature at such time or times, not exceeding thirty years from the date of issue, bear interest at any coupon rate or rates, of not exceeding the maximum coupon rate permitted by the Public Securities Act [6-14-1 to 6-14-3 NMSA 1978], be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption, with or without premium, as such ordinance, its trust indenture, or the bonds so issued may provide. B. Any bonds issued under the authority of the Greater Municipality Parking Law may be sold at public or private sale at, above or below par in such manner and at a price which shall result in a net effective interest rate of not exceeding that permitted by the Public Securities Act, and from time to time as may be determined by the governing body to be most advantageous. C. In case any of the officers of the city whose signatures appear on any bonds or coupons shall cease to be such officers before the delivery of such bonds, the signatures shall nevertheless be valid and sufficient for all purposes, the same as if such officers had remained in office until such delivery. Any provision of any law to the contrary notwithstanding any bonds issued pursuant to the Greater Municipality Parking Law shall be fully negotiable. D. In any suit, action or proceedings involving the validity or enforceability of any bond of a city or the security therefor, any such bond reciting in substance that it has been issued by the city to aid in financing a parking facility project to provide additional facilities for parking motor vehicles shall be conclusively presumed to have been issued for a parking facility project of such character, and said project shall be conclusively deemed to have been planned, located and constructed in accordance with the purposes and provisions of the Greater Municipality Parking Law. History: 1953 Comp., § 14-52-32, enacted by Laws 1965, ch. 300; 1971, ch. 173, § 21. ANNOTATIONSSeverability clauses. — Laws 1971, ch. 173, § 22, provided for the severability of the act if any part or application thereof is held invalid.
NM Stat § 3-51-38 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-38 - Construction of bond provisions.

The Greater Municipality Parking Law, without reference to other statutes of the state, shall constitutes [constitute] full authority for the authorization and issuance of bonds hereunder. No other act or law with regard to the authorization or issuance of bonds that provides for an election requires an approval or in any way impedes or restricts the carrying out of the acts herein authorized to be done shall be construed as applying to any proceedings taken hereunder or acts done pursuant hereto. History: 1953 Comp., § 14-52-34, enacted by Laws 1965, ch. 300. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 3-51-39 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-39 - Filing proceedings with attorney general.

A city shall file with the attorney general of the state a copy of all proceedings in connection with the issue of bonds pursuant to the Greater Municipality Parking Law. History: 1953 Comp., § 14-52-35, enacted by Laws 1965, ch. 300.
NM Stat § 3-51-40 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-40 - Remedies of an obligee.

An obligee shall have the right, in addition to all other rights which may be conferred upon such obligee subject only to any contractual restrictions binding upon such obligee: A. by mandamus, suit, action or proceedings at law or in equity to compel the city and the officers, agents or employees thereof to perform each and every term, provision and covenant contained in any contract of the city with or for the benefit of the obligee and to require the carrying out of any or all such covenants and agreements of the city and the fulfillment of all duties imposed upon the city by the Greater Municipality Parking Law; and B. by suit, action or proceeding in equity, to enjoin any acts or things which may be unlawful, or in violation of any of the rights of such obligee. History: 1953 Comp., § 14-52-36, enacted by Laws 1965, ch. 300.
NM Stat § 3-51-41 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-41 - Additional remedies conferrable to an obligee.

A city shall have the power by its ordinance, trust indenture, lease or other contract to confer upon any obligee holding or representing a specified amount in bonds, or holding a lease, the right, in addition to all rights that may be otherwise conferred, upon the happening of an event of default as defined in the ordinance or instrument, to do the following by suit, action or proceeding in any court of competent jurisdiction: A. obtain the appointment of a receiver of any parking facility project of the city or any part thereof and of the rents and profits therefrom. If the receiver be appointed he may enter and take possession of the parking facility project or any part thereof and so long as the city continues in default operate and maintain the same, and collect and receive all fees, rents, revenues, or other charges thereafter arising therefrom, and shall keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of the city as the court shall direct; B. require the city and the officers and agents thereof to account for the money actually received as if it and they were the trustees of an express trust. History: 1953 Comp., § 14-52-37, enacted by Laws 1965, ch. 300.
NM Stat § 3-51-42 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-42 - Bonds; exemption from taxation.

Bonds and other evidences of indebtedness issued under the provisions of the Greater Municipality Parking Law shall forever be and remain free and exempt from taxation by this state or any subdivision thereof. History: 1953 Comp., § 14-52-38, enacted by Laws 1965, ch. 300.
NM Stat § 3-51-43 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-43 - Aid from federal government.

In addition to the powers conferred upon a city by other provisions of the Greater Municipality Parking Law, a city is empowered to borrow money or accept contributions, grants or other financial assistance from the federal government for, or in aid of, any parking facility project within its area of operation; and to these ends, to comply with the conditions, trust indentures, leases or agreements as may be necessary, convenient or desirable. It is the purpose and intent of the Greater Municipality Parking Law to authorize every city to do any and all things necessary, convenient or desirable to secure the financial aid or cooperation of the federal government in the undertaking, acquisition, construction, maintenance or operation of any parking facility project of the city. History: 1953 Comp., § 14-52-39, enacted by Laws 1965, ch. 300.
NM Stat § 3-51-44 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-44 - Contracts; leases; increase of revenue.

Every contract entered into by the city for the use of any project or the services or facilities thereof acquired, constructed or completed from the proceeds of the sale of revenue bonds shall incorporate by reference the provisions of any ordinance pursuant to which the bonds were issued. Every such contract or lease shall also refer to the provisions of the Greater Municipality Parking Law with respect to the obligation of the city to fix fees and charges to meet the payments provided for in the Greater Municipality Parking Law and the proceedings for the issuance of revenue bonds and all payments required to be made to the city under such contract shall be subject to increase if and when the city is required to increase rates or charges to meet its obligations hereunder and under any ordinance providing for the issuance of bonds. History: 1953 Comp., § 14-52-40, enacted by Laws 1965, ch. 300.
NM Stat § 3-51-45 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-45 - Greater Municipality Parking Law controlling.

Insofar as the provisions of the Greater Municipality Parking Law are inconsistent with the provisions of any other law, the provisions of the Greater Municipality Parking Law shall be controlling. No other existing law providing for establishment and maintenance of parking facilities contemplated by the Greater Municipality Parking Law shall be repealed thereby, but such laws shall remain in force to be applied by the governing body of the city to which it applies without reference to the Greater Municipality Parking Law. History: 1953 Comp., § 14-52-41, enacted by Laws 1965, ch. 300.
NM Stat § 3-51-46 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 51 - Greater Municipality Parking|Section 3-51-46 - Passenger motor vehicle of a person with a disability; parking privilege.

Passenger motor vehicles owned by and carrying a person with a disability and displaying special registration plates, or passenger motor vehicles carrying persons with severe mobility impairment and displaying parking placards, issued pursuant to Section 66-3-16 NMSA 1978, shall be permitted to park for unlimited periods of time in parking zones restricted as to length of time parking is normally permitted and are exempt from payment of any parking fee of the state or its political subdivisions, except that airport parking facilities may charge long-term parking fees for periods of time exceeding twenty-four hours. The provisions of this section shall prevail over any other law, rule or local ordinance but do not apply to zones where stopping, standing or parking is prohibited, zones reserved for special types of vehicles, zones where parking is prohibited during certain hours of the day in order to facilitate traffic during those hours when parking is prohibited and zones subject to similar regulation because parking presents a traffic hazard. History: 1953 Comp., § 14-52-42, enacted by Laws 1973, ch. 22, § 3; 1999, ch. 297, § 3; 2007, ch. 46, § 4; 2009, ch. 227, § 1. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, at the end of the first sentence, added the exception for airport parking facilities. The 2007 amendment, effective June 15, 2007, made non-substantive language changes. The 1999 amendment, effective June 18, 1999, in the first sentence, inserted "and carrying" near the beginning, substituted "displaying special" for "carrying special", inserted the language beginning "or passenger motor vehicles" and ending "parking placards", substituted "66-3-16 NMSA 1978" for "64-3-12.3 NMSA 1953", and deleted "meter" before "fee of the state" near the end; and, in the second sentence, substituted "rule" for "regulation".
NM Stat § 3-52-1 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-1 - Municipal Transit Law; short title.

Sections 3-52-1 through 3-52-13 NMSA 1978, may be cited as the "Municipal Transit Law". History: 1953 Comp., § 14-53-1, enacted by Laws 1965, ch. 300. ANNOTATIONSCross references. — For the Tort Claims Act, see 41-4-1 NMSA 1978 et seq. For excavation damage to pipelines and underground utility lines, see 62-14-1 NMSA 1978 et seq. For the Public Mass Transportation Act, see 67-3-67 NMSA 1978 et seq. Am. Jur. 2d, A.L.R. and C.J.S. references. — 56 Am. Jur. 2d Municipal Corporations, Counties, and Other Political Subdivisions § 210. 62 C.J.S. Municipal Corporations § 639; 63 C.J.S. Municipal Corporations § 1054; 64 C.J.S. Municipal Corporations § 1810.
NM Stat § 3-52-2 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-2 - Legislative determination.

The legislature finds that privately operated public transportation has declined in patronage and use and become less attractive to investment capital than formerly. Growth of population in relation to area, the development of improved highways and intersecting structures, the wider use of the private automobile and the scattering of shopping and employment centers have diverted users to private transportation, provided intense competition for public transportation facilities, and pyramided operating costs of public transit to a point that increases in rates are being required and municipalities formerly and now depending on public transit are threatened with having inadequate facilities for public transportation publicly or privately owned. History: 1953 Comp., § 14-53-2, enacted by Laws 1965, ch. 300.
NM Stat § 3-52-5 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-5 - Transportation contracts.

All contracts for work, material or labor in connection with a transportation system shall be let in the manner provided by law for the letting of other contracts by the municipality. History: 1953 Comp., § 14-53-5, enacted by Laws 1965, ch. 300; 1999, ch. 74, § 1. ANNOTATIONSThe 1999 amendment, effective June 18, 1999, substituted "Transportation contracts" for "Limitations on power" in the section heading; deleted the Subsection A designation, and in that subsection, inserted "system"; deleted Subsection B, which read "Transit service may not be extended to points outside the county in which the city is located unless prior approval is obtained from the state corporation commission and other regulatory bodies having jurisdiction in the matter"; and made minor stylistic changes.
NM Stat § 3-52-6 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-6 - Bond ordinance.

The governing body may adopt an ordinance providing: A. for issuance of bonds to enable the municipality to acquire land, buildings, buses or other equipment required for public transit or for refunding bonds previously issued for such purpose or both such purposes; B. the bonds are payable solely from a pledge of: (1) gross income derived by the municipality from the transit facilities financed with the proceeds and other transit facilities not so financed; provided that when gross revenues are so pledged, the municipality may apply to the payment of the expense of maintaining and operating the transit facilities, the gross revenues of which are so pledged, the city's revenues derived from sources other than the proceeds of ad valorem taxes and may, in the proceedings authorizing such issue of such bonds, covenant and agree to apply to the payment of such maintenance and operation expenses so much of such revenues as may be necessary for such purposes or as may be specified in the proceedings; (2) income derived from franchises granted by the governing body of the municipality; (3) contributions, grants or other financial assistance from the state or federal governments or any other source; or (4) any combination of these sources; and C. the ordinance is irrepealable as long as any indebtedness on the bonds is unpaid by the municipality. History: 1953 Comp., § 14-53-6, enacted by Laws 1965, ch. 300; 1965, ch. 309, § 1.
NM Stat § 3-52-7 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-7 - Terms of bonds.

A. The ordinance authorizing issuance of bonds shall specify: (1) issuance in any number of series; (2) maturity dates; (3) interest not exceeding six percent a year; (4) denominations; (5) form, either coupon or registered; (6) conversion or registration privileges; (7) rank or priority; (8) manner of execution; (9) if desirable, features of redemption, prior to maturity with or without premium; and (10) the terms, manner and medium of payment and redemption. B. No member of the governing body or any person executing bonds is personally liable on any bond. All bonds are payable solely from the sources allowed by the governing body as specified in the authorizing ordinance. No bond is a debt, liability or general obligation of the issuing municipality. C. The terms prescribed by the authorizing ordinance and by this section shall be carried on the face of each bond. History: 1953 Comp., § 14-53-7, enacted by Laws 1965, ch. 300.
NM Stat § 3-52-8 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-8 - Sale of bonds.

A. Bonds may be sold at either public or private sale; provided that no such bonds may be sold at any price which does not result in an actual net interest cost to maturity, computed on the basis of standard tables of bond values, in excess of six percent. B. If any municipal officer whose signature appears on any bond ceases to be an officer before delivery of the bonds, the signature is valid for all purposes as if the officer had remained in office until delivery. C. All bonds are fully negotiable. History: 1953 Comp., § 14-53-8, enacted by Laws 1965, ch. 300.
NM Stat § 3-52-9 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-9 - Construction.

The Municipal Transit Law is full authority for authorization and issuance of bonds and no election is necessary. In any proceeding involving the validity and enforceability of any bond or its security, any bond reciting in substance that it was issued by the municipality to aid in financing public transit facilities is conclusively presumed to have been issued for a public transit facility planned, operated and used in accordance with the Municipal Transit Law. History: 1953 Comp., § 14-53-9, enacted by Laws 1965, ch. 300.
NM Stat § 3-52-10 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-10 - Additional security.

To further the marketability of bonds, the ordinance authorizing their issue may: A. secure their payment by deed of trust or mortgage conveying municipally owned land and improvements acquired for the public transit facility from the proceeds of the bonds to a trustee for the benefit and security of the bondholders; and B. authorize any other security agreement not in conflict with law. History: 1953 Comp., § 14-53-10, enacted by Laws 1965, ch. 300.
NM Stat § 3-52-11 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-11 - Foreclosure.

If the interest or any serial maturity of any bond is in default, any obligee may foreclose against the municipality under the same procedure provided for foreclosure of real estate mortgages. The district court may appoint a receiver to operate the transit facilities in default. History: 1953 Comp., § 14-53-11, enacted by Laws 1965, ch. 300. ANNOTATIONSCross references. — For foreclosure of mortgages, see 39-5-1 NMSA 1978 et seq.
NM Stat § 3-52-12 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-12 - Legal investments.

Bonds are legal investments for savings banks and insurance companies under the laws of this state. They are bonds, notes or other obligations of a municipal subdivision of this state, issued pursuant to a law of this state, for the purposes of investment or purchase by the state investment officer. History: 1953 Comp., § 14-53-12, enacted by Laws 1965, ch. 300.
NM Stat § 3-52-13 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-13 - Tax exemptions.

Bonds and their income and all mortgages or other instruments executed as security for them are exempt from all taxation by this state or any of its political subdivisions. History: 1953 Comp., § 14-53-13, enacted by Laws 1965, ch. 300.
NM Stat § 3-52-14 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-14 - Declaration of legislative intent.

The legislature in recognition of the provisions of Public Law 88-365, 88th Congress, 1964, and realizing the importance of modern, efficient, economical transportation facilities in a municipality as an assurance of the convenience to the citizenry and the promotion of economic progress and development, desires to bring existing New Mexico laws in accord with the provisions of the Urban Mass Transportation Act of 1964 and to enable a municipality to qualify for a grant under such law through recognition of, and collective bargaining with, an appropriate union as required under the labor standards provision in Section 10, Paragraph (c) of the above federal law. History: 1953 Comp., § 14-53-14, enacted by Laws 1965, ch. 274, § 1. ANNOTATIONSCompiler's notes. — The Urban Mass Transportation Act of 1964 (Public Law 88-365), cited in this section, was formerly codified as 49 U.S.C. § 1601 et seq. It was repealed effective July 5, 1994. For present sections, see the Federal Transit Act, 49 U.S.C. § 5301 et seq. No general right of public sector collective bargaining. — Because the legislature, by 3-52-14 to 3-52-16 NMSA 1978, expressly authorized one public entity, municipalities, to engage in collective bargaining with one type of employee, mass transit workers, it may be inferred that the legislature specifically rejected collective bargaining for all others. 1987 Op. Att'y Gen. No. 87-41. It would be incorrect to infer that by including a provision allowing closed meetings to discuss strategy preliminary to collective bargaining negotiations, 10-15-1E(3) [10-15-1H(5)] NMSA 1978 in the Open Meetings Act, the legislature recognized the general right of public sector collective bargaining. To the contrary, that provision was enacted only because the legislature specifically had authorized cities to bargain collectively with transit workers in 3-52-14 to 3-52-16 NMSA 1978. 1987 Op. Att'y Gen. No. 87-41 (issued prior to enactment of the Public Employees Bargaining Act, § 10-7E-1 NMSA 1978, et seq.).
NM Stat § 3-52-15 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 52 - Municipal Transit|Section 3-52-15 - Authorization of collective bargaining in municipalities wishing to qualify for grant.

Any municipality desiring to qualify for a grant under the Urban Mass Transportation Act of 1964 (being Public Law 88-365, 88th Congress) may in order to meet the requirements of Section 10, Paragraph (c) of that act, recognize, and enter into collective bargaining with, an appropriate union representing employees of such municipal transit system with regard to the preservation of employee rights, privileges and benefits under any existing collective bargaining agreements or otherwise; the continuation of collective bargaining rights; the protection of individual employees against a worsening of their positions with respect to their employment; assurances of employment to employees of acquired mass transportation systems and priority of reemployment of employees terminated or laid off; and paid training or retraining programs. History: 1953 Comp., § 14-53-15, enacted by Laws 1965, ch. 274, § 2. ANNOTATIONSCompiler's notes. — The Urban Mass Transportation Act of 1964 (Public Law 88-365), cited in this section, was formerly codified as 49 U.S.C. § 1601 et seq. It was repealed effective July 5, 1994. For present sections, see the Federal Transit Act, 49 U.S.C. § 5301 et seq. Section 10(c) of the act, also cited in this section, appeared as 49 U.S.C. § 1609(c). For present section, see 49 U.S.C. § 5333. Law reviews. — For note, "Public Labor Disputes - A Suggested Approach for New Mexico," see 1 N.M.L. Rev. 281 (1971).