reglab/housing_qa huggingface dataset:
NM Stat § 6-31-4 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 31 - Economic Development Grants|Section 6-31-4 - Economic development grant program; created; oversight.

A. The "economic development grant program" is created in the department. The commission shall oversee the program, and the department shall provide administrative assistance to the commission as needed. B. The commission shall: (1) establish and publish deadlines and guidelines for the submission of grant applications; (2) develop procedures for receipt, review and approval of grant applications; (3) receive, review and approve grant applications; (4) award grants to local and regional economic development agencies for up to fifty percent of the cost to the agencies to hire economic development professionals; (5) monitor local and regional economic development agencies' use of grant money by reviewing annual reports submitted by those agencies to the commission to ensure that grants are used consistently with the agencies' grant applications; and (6) perform other duties as necessary to carry out the provisions of the Economic Development Grant Act. History: Laws 2014, ch. 58, § 4. ANNOTATIONSEmergency clauses. — Laws 2014, ch. 58, § 8, contained an emergency clause and was approved March 10, 2014.
NM Stat § 6-31-5 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 31 - Economic Development Grants|Section 6-31-5 - Grant applications; grant recipients; requirements.

A. A local or regional economic development agency may submit an application to the commission for an economic development grant. An applying agency shall comply with deadlines and guidelines published by the commission. A grant application shall include a statement of: (1) the amount of money that the local or regional economic development agency has allocated to employ economic development professionals; (2) the amount of matching grant money that the local or regional economic development agency requests; and (3) the ways that the local or regional economic development agency's employment of one or more economic development professionals will expand the agency's economic development or job-creation efforts in the agency's local area or region or in the state. B. During the time that one or more economic development professionals are employed by a local or regional economic development agency using grant money, the agency shall report annually to the commission. A report shall include: (1) the name, dates of employment and professional credentials of each economic development professional employed by the local or regional economic development agency using grant money; and (2) detailed information about each economic development professional's role and contributions to the local or regional economic development agency, including: (a) new jobs in the agency's local area or region or in the state that are attributable to the professional's efforts; (b) the number of cases that the professional completed; (c) the number of cases that the professional managed; (d) the number of job-creation leads generated by the professional; and (e) the number of job-creation projects sourced through the professional's marketing efforts. History: Laws 2014, ch. 58, § 5. ANNOTATIONSEmergency clauses. — Laws 2014, ch. 58, § 8, contained an emergency clause and was approved March 10, 2014.
NM Stat § 6-31-6 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 31 - Economic Development Grants|Section 6-31-6 - Economic development grant fund created.

The "economic development grant fund" is created in the state treasury. The fund consists of appropriations, gifts, grants and donations to the fund and income from investment of the fund. Money in the fund shall not revert to any other fund at the end of a fiscal year. The department shall administer the fund, and money in the fund is appropriated to the department to provide matching funds to local and regional development agencies as approved by the commission. Money in the fund shall be disbursed on warrants signed by the secretary of finance and administration pursuant to vouchers signed by the secretary of economic development or the secretary's authorized representative. History: Laws 2014, ch. 58, § 6. ANNOTATIONSEmergency clauses. — Laws 2014, ch. 58, § 8, contained an emergency clause and was approved March 10, 2014.
NM Stat § 6-32-1 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 32 - Small Business Recovery and Stimulus|Section 6-32-1 - Short title.

Chapter 6, Article 32 NMSA 1978 may be cited as the "Small Business Recovery and Stimulus Act". History: Laws 2020 (1st S.S.), ch. 6, § 1; 2021, ch. 5, § 1. ANNOTATIONSThe 2021 amendment, effective March 3, 2021, changed the name of the "Small Business Recovery Act of 2020" to the "Small Business Recovery and Stimulus Act"; changed "Section 1 through 7 of this act" to "Chapter 6, Article 32 NMSA 1978", after "Recovery", added "and Stimulus", and after "Act", deleted "of 2020".
NM Stat § 6-32-3 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 32 - Small Business Recovery and Stimulus|Section 6-32-3 - Small business recovery loan fund; created; funding schedule.

A. The "small business recovery loan fund" is created in the authority. The fund consists of appropriations, gifts, grants, deposits, transfers and donations to the fund. Money in the fund is appropriated to the authority to administer the provisions of the Small Business Recovery and Stimulus Act. The authority shall administer the fund. Balances remaining in the fund as of December 31, 2022 and not identified by the authority as necessary to administer the Small Business Recovery and Stimulus Act over the life of the loans provided pursuant to that act shall revert to the severance tax permanent fund. The authority may expend no more than two percent of the state investment council's commitment pursuant to Section 7-27-5.15 NMSA 1978 for administering the Small Business Recovery and Stimulus Act.B. Upon the effective date of this 2021 act, the authority and the state investment council shall coordinate to develop a funding schedule to ensure that sufficient funding, as provided for in Section 7-27-5.15 NMSA 1978, is made available to the authority to carry out the provisions of the Small Business Recovery and Stimulus Act. History: Laws 2020 (1st S.S.), ch. 6, § 3; 2021, ch. 5, § 3. ANNOTATIONSThe 2021 amendment, effective March 3, 2021, extended the deadline for balances in the fund to revert to the severance tax permanent fund, changed the amount that the New Mexico finance authority may expend for administering the Small Business Recovery and Stimulus Act, and changed "Small Business Recovery Act of 2020" to "Small Business Recovery and Stimulus Act" throughout; in Subsection A, after "remaining in the fund", deleted "at the end of fiscal year 2022" and added "as of December 31, 2022 and not identified by the authority as necessary to administer the Small Business Recovery and Stimulus Act over the life of the loans provided pursuant to that act", after "expend no more than", changed "one" to "two", and after "percent of the", deleted "balance of the fund" and added "state investment council's commitment pursuant to Section 7-27-5.15 NMSA 1978"; in Subsection B, after "effective date of this", changed "2020" to "2021", after "Section", deleted "10 of this 2020 act" and added "7-27-5.15 NMSA 1978".
NM Stat § 6-32-5 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 32 - Small Business Recovery and Stimulus|Section 6-32-5 - Repayment.

A. Small business recovery loans shall be made for loan periods not to exceed ten years, as determined by the authority. The loans shall bear an annual interest rate equal to one-half of the Wall Street Journal prime rate on the date the loan is made; provided that no interest shall accrue during the first year of the loan.B. Interest shall begin to accrue on a small business recovery loan on the first anniversary of the funding date of the loan. Thereafter, for the next two years, the authority shall require interest-only payments on a schedule determined by the authority. Beginning on the third anniversary of the funding date of the loan, payment on the outstanding principal and interest on the loan shall be due on a schedule determined by the authority for the remainder of the loan period.C. Receipts from the repayment of principal or interest accrued on the loans made pursuant to the Small Business Recovery and Stimulus Act shall be transferred from the authority to the state investment council and deposited in the severance tax permanent fund.D. No provision in a small business recovery loan or the evidence of indebtedness of the loan shall include a penalty or premium for prepayment of the balance of the indebtedness. History: Laws 2020 (1st S.S.), ch. 6, § 5; 2021, ch. 5, § 5. ANNOTATIONSThe 2021 amendment, effective March 3, 2021, increased the loan periods for small business recovery loans, provided that no interest shall accrue during the first year of a small business recovery loan, and changed the repayment terms for small business recovery loans; in Subsection A, after "shall be made for", deleted "an initial loan period of three" and added "loan periods not to exceed ten", after "years,", added "as determined by the authority", and after the semicolon, added "provided that no interest shall accrue during the first year of the loan"; completely rewrote Subsection B; and in Subsection C, changed "Small Business Recovery Act of 2020" to Small Business Recovery and Stimulus Act", and after "shall be", added "transferred from the authority to the state investment council and".Temporary provisions. — Laws 2021, ch. 5, § 8, provided that for any small business recovery loan provided pursuant to the New Mexico Small Business Recovery Act of 2020 made prior to March 3, 2021, the New Mexico finance authority shall permit the recipient of that loan to refinance the loan subject to terms consistent with Laws 2021, ch. 5.
NM Stat § 6-32-6 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 32 - Small Business Recovery and Stimulus|Section 6-32-6 - Repealed.

History: Laws 2020 (1st S.S.), ch. 6, § 6; repealed by Laws 2021, ch. 5, § 9. ANNOTATIONSRepeals. — Laws 2021, ch. 5, § 9 repealed 6-32-6 NMSA 1978, as enacted by Laws 2020 (1st S.S.), ch. 6, § 6, relating to small business technical assistance, service providers, effective March 3, 2021. For provisions of former section, see the 2020 NMSA 1978 on NMOneSource.com.
NM Stat § 6-32-7 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 32 - Small Business Recovery and Stimulus|Section 6-32-7 - Reports; confidentiality.

A. Prior to October 1, 2021 and each October 1 for the proceeding four years, the authority shall submit a report to the legislature, the legislative finance committee, the New Mexico finance authority oversight committee, the revenue stabilization and tax policy committee and any other appropriate legislative interim committee. The report shall provide details regarding the loans made pursuant to the Small Business Recovery and Stimulus Act. The report shall include:(1) the total number of loans made pursuant to that act;(2) the total number of loan applications;(3) the average amount of money provided to loan applicants;(4) the total number of loans and the amount of those loans, if any, in a delinquent status or default;(5) the total number of loan recipients that are in the process of filing or have filed for bankruptcy;(6) the total number of employees currently employed by a business that received a loan; and(7) an overview of the industries and types of business entities represented by loan recipients.B. Information obtained by the authority regarding individual loan applicants, including information used to analyze an application, is confidential and not subject to inspection pursuant to the Inspection of Public Records Act [Chapter 14, Article 2 NMSA 1978]; provided that nothing in this section shall prevent the authority from disclosing broad demographic information and information relating to the total amount of loans made, the total outstanding balance of loans made pursuant to the Small Business Recovery and Stimulus Act and the names of the loan recipients. History: Laws 2020 (1st S.S.), ch. 6, § 7; 2021, ch. 5, § 6. ANNOTATIONSThe 2021 amendment, effective March 3, 2021, provided that information obtained by the New Mexico finance authority to analyze an application is confidential, and made technical amendments; changed each occurrence of "Small Business Recovery Act of 2020" to "Small Business Recovery and Stimulus Act" throughout; and in Subsection B, after "individual loan applicants", added "including information used to analyze an application".
NM Stat § 7-1-1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-1 - Short title.

Chapter 7, Article 1 NMSA 1978 may be cited as the "Tax Administration Act". History: 1953 Comp., § 72-13-13, enacted by Laws 1965, ch. 248, § 1; 1979, ch. 144, § 1. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — Validity of statutory classifications based on population - tax statutes, 98 A.L.R.3d 1083.
NM Stat § 7-1-2.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-2.1 - Repealed.

ANNOTATIONSRepeals. — Laws 1986, ch. 20, § 136A repealed 7-1-2.1 NMSA 1978, as enacted by Laws 1985, ch. 65, § 2, relating to applicability of the Tax Administration Act and legislative intent, effective July 1, 1986. For present comparable provisions relating to applicability, see 7-1-2 NMSA 1978.
NM Stat § 7-1-2.2 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-2.2 - Repealed.

ANNOTATIONSRepeals. — Laws 1987, ch. 169, § 7 repealed 7-1-2.2 NMSA 1978, as enacted by Laws 1985, ch. 65, § 53, relating to applicability of the Tax Administration Act and legislative intent, effective July 1, 1987. For present comparable provisions relating to applicability, see 7-1-2 NMSA 1978.
NM Stat § 7-1-4.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-4.1 - New Mexico taxpayer bill of rights created; purpose.

The "New Mexico Taxpayer Bill of Rights" is created. It is the purpose of the New Mexico Taxpayer Bill of Rights to: A. ensure that the rights of New Mexico taxpayers are adequately safeguarded and protected during the assessment, collection and enforcement of any tax administered by the department pursuant to the Tax Administration Act; B. ensure that the taxpayer is treated with dignity and respect; and C. provide brief but comprehensive statements that explain in simple, nontechnical terms the rights of taxpayers as set forth in Section 7-1-4.2 NMSA 1978. History: Laws 2003, ch. 398, § 1; 2017, ch. 63, § 5. ANNOTATIONSThe 2017 amendment, effective June 16, 2017, in Subsection C, after "Section", deleted "2 of this 2003 act", added "7-1-4.2 NMSA 1978".
NM Stat § 7-1-4.3 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-4.3 - New Mexico taxpayer bill of rights; notice to the public.

The department shall develop a publication that states the rights of taxpayers in simple, nontechnical terms and shall disseminate the publication to taxpayers, at a minimum, with tax forms periodically issued by the department. History: Laws 2003, ch. 398, § 3; 2021, ch. 65, § 1. ANNOTATIONSThe 2021 amendment, effective July 1, 2021, removed a reference to the combined reporting system, and required the taxation and revenue department to disseminate its publication of the taxpayer bill of rights along with tax forms periodically issued by the department; and after "at a minimum, with", deleted "the annual income and semiannual combined reporting system", and after "tax forms", added "periodically issued by the department".
NM Stat § 7-1-4.4 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-4.4 - Notice of potential eligibility required.

The department shall include a notice with an income tax refund or other notice sent to a taxpayer whose income is within one hundred thirty percent of federal poverty guidelines as defined by the United States census bureau that the taxpayer may be eligible for food stamps. Included in the notice shall be general information about food stamps, such as where to apply for food stamps, based on information received by the department from the human services department by January 30 of each calendar year. History: Laws 2005, ch. 138, § 1. ANNOTATIONSEffective dates. — Laws 2005, ch. 138 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 17, 2005, 90 days after adjournment of the legislature. Cross references. — For notice by mail pursuant to taxpayers, see 7-1-9 NMSA 1978.
NM Stat § 7-1-5 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-5 - Repealed.

ANNOTATIONSRepeals. — Laws 1995, ch. 31, § 7 repealed 7-1-5 NMSA 1978, as enacted by Laws 1965, ch. 248, § 11, relating to administrative regulations, rulings, instructions and orders issued by the secretary, effective July 1, 1995. For provisions of the former section, see the 1994 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 9-11-6.2 NMSA 1978.
NM Stat § 7-1-6.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-6.1 - Identification of money in tax administration suspense fund; distribution.

After the necessary disbursements have been made from the tax administration suspense fund, the money remaining, except for remittances received within the previous sixty days that are unidentified as to source or disposition, in the suspense fund as of the last day of the month shall be identified by tax source and distributed or transferred in accordance with the applicable provisions of the Tax Administration Act. After the necessary distributions and transfers, any balance shall be distributed to the general fund. History: 1978 Comp., § 7-1-6.1, enacted by Laws 1983, ch. 211, § 6; 1985, ch. 154, § 1; 1986, ch. 20, § 7; 1990, ch. 6, § 19; 1990, ch. 86, § 3; 2007 (1st S.S.), ch. 2, § 9. ANNOTATIONSRepeals. — Laws 2007 (1st S.S.), ch. 2, § 11 repealed Laws 1990, ch. 6, § 19, effective June 28, 2007. Cross references. — For the tax administration suspense fund, see 7-1-6 NMSA 1978. For the general fund, see 6-4-2 NMSA 1978. The 2007 amendment, effective June 28, 2007, eliminated the list of sections of the Tax Administration Act that govern distributions. The 1990 amendment, effective July 1, 1990, substituted "Sections 7-1-6.2 through 7-1-6.19, 7-1-6.24 through 7-1-6.26 and 7-1-6.28 through 7-1-6.40 NMSA 1978" for "Sections 7-1-6.2 through 7-1-6.18 NMSA 1978" at the end of the first sentence.
NM Stat § 7-1-6.2 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-6.2 - Distribution; small cities assistance fund.

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the small cities assistance fund in an amount equal to fifteen percent of the net receipts attributable to the compensating tax. History: 1978 Comp., § 7-1-6.2, enacted by Laws 1983, ch. 211, § 7; 1984, ch. 25, § 2; 1988, ch. 129, § 2; 2012, ch. 5, § 3. ANNOTATIONSCross references. — For distributions from small cities assistance fund, see 3-37A-3 NMSA 1978. The 2012 amendment, effective January 1, 2013, increased the percentage of net receipts attributable to the compensating tax and after "in an amount equal to", deleted "ten" and added "fifteen". Applicability. — Laws 2012, ch. 5, § 7 provided that the distribution pursuant to Laws 2012, ch. 5, § 3 applies to receipts from compensating taxes that are attributable to sales on or after January 1, 2013.
NM Stat § 7-1-6.3 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-6.3 - Repealed.

ANNOTATIONSRepeals. — Laws 1993, ch. 65, § 23, repealed 7-1-6.3 NMSA 1978, as enacted by Laws 1983, ch. 214, § 5, relating to distributions to the community alcoholism treatment and detoxification fund, effective July 1, 1993. For provisions of former section, see the 1992 NMSA 1978 on NMOneSource.com.
NM Stat § 7-1-6.5 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-6.5 - Distribution; small counties assistance fund.

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the small counties assistance fund in an amount equal to ten percent of the net receipts attributable to the compensating tax. History: 1978 Comp., § 7-1-6.5, enacted by Laws 1983, ch. 211, § 10; 1983, ch. 214, § 6; 1984, ch. 24, § 2. ANNOTATIONSCross references. — For distributions from small counties assistance fund, see 4-61-3 NMSA 1978. Compiler's notes. — Laws 1983, ch. 211, § 10, and Laws 1983, ch. 214, § 6, both enacted the above section. However, Laws 1983, ch. 211, § 10, provided for a distribution in an amount equal to two percent of the net receipts. Both acts were approved on April 6, 1983. The section was set out as enacted by Laws 1983, ch. 214, § 6. See 12-1-8 NMSA 1978.
NM Stat § 7-1-6.6 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-6.6 - Distribution; game protection fund.

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the game protection fund of all amounts designated as contributions to that fund under the provisions of Section 7-2-24 NMSA 1978. History: 1978 Comp., § 7-1-6.6, enacted by Laws 1983, ch. 211, § 11. ANNOTATIONSEffective dates. — Laws 1983, ch. 211, § 43 made Laws 1983, ch. 211, § 11 effective July 1, 1983.
NM Stat § 7-1-6.8 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 1 - Administration|Section 7-1-6.8 - Distribution; motorboat fuel tax fund.

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the motorboat fuel tax fund in an amount equal to thirteen hundredths of one percent of the net receipts attributable to the gasoline tax. History: 1978 Comp., § 7-1-6.8, enacted by Laws 1983, ch. 211, § 13; 1987, ch. 347, § 7; 1988, ch. 72, § 3; 1988, ch. 73, § 3; 1989, ch. 356, § 3; 1993, ch. 357, § 2; 1994, ch. 5, § 4; 1995, ch. 6, § 2. ANNOTATIONSCross references. — For Gasoline Tax Act, see 7-13-1 NMSA 1978 et seq. For motor boat fuel fund, see 16-2-19.1 NMSA 1978. Compiler's notes. — Subsection A of Laws 1995, ch. 6, § 20 repealed 7-1-6.8 NMSA 1978 as enacted by Laws 1994, ch. 5, § 5, relating to distributions to the motorboat fuel tax fund and which was to become effective August 1, 1997, effective June 16, 1995. For provisions of former section, see the 1994 NMSA 1978 on NMOneSource.com. The 1995 amendment, effective August 1, 1995, substituted "thirteen hundredth" for "eleven hundredths". The 1994 amendment, effective August 1, 1994, substituted "eleven hundredths" for "one tenth". The 1993 amendment, effective August 1, 1993, substituted "one-tenth of one percent" for "fourteen one-hundredths of one percent". The 1989 amendment, effective August 1, 1989, substituted "equal to fourteen one hundredths" for "equal to sixteen one hundredths".