reglab/housing_qa huggingface dataset:
NM Stat § 6-25-10 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-10 - Use of project revenue bond proceeds.

The proceeds from the sale of project revenue bonds issued pursuant to the Statewide Economic Development Finance Act shall be applied only for the purpose for which the bonds were issued and costs related to the project. The cost of any project shall include the following: A. all expenses in connection with the authorization, sale and issuance of the bonds; and B. capitalized interest on the bonds for a reasonable time. History: Laws 2003, ch. 349, § 10; 2005, ch. 103, § 10. ANNOTATIONSThe 2005 amendment, effective April 4, 2005, changed "bonds" to "project revenue bonds" and "project property" to "project", deletes the requirements that the cost of a project shall include the cost of construction, including architect, engineering and attorney fees; the purchase price of any project property that may be purchased and the cost of extension of utilities and added in Subsection B that the cost of a project include the capitalized interest on bonds for a reasonable time.
NM Stat § 6-25-11 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-11 - Project revenue bonds legal investments.

Project revenue bonds issued pursuant to the Statewide Economic Development Finance 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, including the state investment council, may properly and legally invest funds. History: Laws 2003, ch. 349, § 11; 2005, ch. 103, § 11. ANNOTATIONSThe 2005 amendment, effective April 4, 2005, after "legal investments" deleted "for savings bonds and insurance companies organized under the laws of the state", and added the remainder of the paragraph.
NM Stat § 6-25-12 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-12 - Repealed.

History: Laws 2003, ch. 349, § 12; repealed Laws 2005, ch. 103, § 27.ANNOTATIONSRepeals. — Laws 2005, ch. 103, § 27 repealed 6-25-12 NMSA 1978, as enacted by Laws 2003, ch. 349, § 12, relating to loan participations, effective April 4, 2005. For provisions of former section, see the 2004 NMSA 1978 on NMOneSource.com.
NM Stat § 6-25-15 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-15 - Cumulative authority.

The Statewide Economic Development Finance Act shall be deemed to provide an additional and alternative method for the accomplishment of the things authorized by that act, shall be interpreted as supplemental and additional to the powers conferred by other laws and shall not be regarded as in derogation of any powers now existing; provided that the issuance of bonds pursuant to the provisions of the Statewide Economic Development Finance Act need not comply with the requirement of any other law applicable to the issuance of bonds or notes. History: Laws 2003, ch. 349, § 15. ANNOTATIONSEffective dates. — Laws 2003, ch. 349 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, is effective June 20, 2003, 90 days after adjournment of the legislature.
NM Stat § 6-25-16 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-16 - Liberal interpretation.

The Statewide Economic Development Finance Act, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes thereof. History: Laws 2003, ch. 349, § 16. ANNOTATIONSEffective dates. — Laws 2003, ch. 349 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 20, 2003, 90 days after adjournment of the legislature.
NM Stat § 6-25-17 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-17 - Economic development revolving fund bonds of the authority; use; security.

A. The authority may issue and sell economic development revolving fund bonds in principal amounts it determines necessary to provide sufficient money for any purpose of the Statewide Economic Development Finance Act, including: (1) making loans; (2) entering into loan participations; (3) providing loan guarantees; (4) purchasing project revenue bonds; (5) paying, funding or refunding of the principal of or interest or redemption premiums on economic development revolving fund bonds issued by the authority, whether the economic development revolving fund bonds or interest to be paid, funded or refunded have or have not become due; (6) establishing or increasing reserves or sinking funds to secure or to pay principal, premium, if any, or interest on economic development revolving fund bonds; and (7) paying all other costs or expenses of the authority incident to and necessary or convenient to carry out its duties pursuant to the Statewide Economic Development Finance Act. B. All economic development revolving fund bonds issued by the authority shall be payable solely from the fund and the revenues, income and fees deposited in the fund, and the economic development revolving fund bonds shall not create an obligation, debt or liability of the state. No breach of any pledge, obligation or agreement of the authority shall impose a pecuniary liability or a charge upon the general credit or taxing power of the state or any political subdivision of the state. History: Laws 2005, ch. 103, § 14. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-18 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-18 - Economic development revolving fund bonds; authorization for issuance; terms and conditions.

A. Economic development revolving fund bonds of the authority shall be authorized by resolution of the authority and may be issued in one or more series. The economic development revolving fund bonds shall bear the dates, be in the form, be issued in the denominations, have terms and maturities, bear or accrete 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 economic development revolving fund bonds provides. The economic development revolving fund 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 economic development revolving fund bonds issued by the authority may be sold at any time at private or public sale at prices agreed upon by the authority. C. Economic development revolving fund bonds may be issued pursuant to the Statewide Economic Development Finance 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 economic development revolving fund bonds issued by the authority are negotiable instruments for all purposes of the Uniform Commercial Code [Chapter 55 NMSA 1978]. E. Any resolution for the issuance of economic development revolving fund bonds shall provide that each economic development revolving fund bond authorized shall recite that it is issued by the authority. The recital shall clearly state that the economic development revolving fund bonds are in full compliance with all of the provisions of the Statewide Economic Development Finance Act. History: Laws 2005, ch. 103, § 15. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-19 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-19 - Economic development revolving fund bonds secured by trust indenture.

Economic development revolving fund bonds may be secured by a trust indenture between the authority and a corporate trustee that may be either a bank having trust powers or a trust company. The trust indenture shall 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 shall provide by the trust indenture for the payment of the proceeds of the economic development revolving fund 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 2005, ch. 103, § 16. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-20 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-20 - Publication of notice; validation; limitation of action.

A. After adoption of a resolution authorizing issuance of economic development revolving fund bonds or project revenue bonds in accordance with the Statewide Economic Development Finance Act, 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 taken by the authority preliminary to and in the authorization and issuance of the bonds described in the notice is perpetually barred. History: Laws 2005, ch. 103, § 17. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-21 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-21 - Refunding bonds.

The authority is authorized to issue economic development revolving fund bonds for the purpose of refunding any economic development revolving fund bonds then outstanding, including the payment of any redemption premiums and any interest accrued or to accrue to the date of redemption of the outstanding economic development revolving fund bonds. Until the proceeds of the bonds issued for the purpose of refunding outstanding economic development revolving fund bonds are applied to the purchase, retirement or redemption of the outstanding economic development revolving fund 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 also be applied to the payment of the outstanding economic development revolving fund bonds to be refunded by purchase, retirement or redemption. After the terms of the escrow have been fully satisfied, any balance may be returned to the authority for use by it in any lawful manner. All such refunding bonds shall be issued and secured and shall be subject to the provisions of the Statewide Economic Development Finance Act in the same manner and to the same extent as any other bonds issued pursuant to that act. History: Laws 2005, ch. 103, § 18. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-22 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-22 - Economic development revolving fund and project revenue bond anticipation notes.

The authority is authorized to issue negotiable economic development revolving fund and project revenue bond anticipation notes and may renew the notes 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 available money of the authority from payments made by an eligible entity or from the proceeds of sale of the bonds of the authority in anticipation of which such notes were issued. The notes may be issued for any purpose of the authority authorized by the Statewide Economic Development Finance Act. All such notes shall be issued and secured and shall be subject to the provisions of that act in the same manner and to the same extent as bonds issued pursuant to that act. History: Laws 2005, ch. 103, § 19. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-23 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-23 - Remedies of holders of economic development revolving fund bonds and project revenue bonds.

Any holder of economic development revolving fund bonds or project revenue bonds issued by the authority pursuant to the Statewide Economic Development Finance 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 may protect and enforce, by any suitable form of legal proceedings, any rights provided by the laws of this state or granted by the bond resolution or trust indenture. Such rights include the right to compel the performance of all duties of the authority or the department required by the Statewide Economic Development Finance Act, the bond resolution or the trust indenture and to enjoin unlawful activities. History: Laws 2005, ch. 103, § 20. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-24 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-24 - Agreement of the state.

The state pledges to and agrees with the holders of any economic development revolving fund bonds, project revenue bonds or notes issued by the authority under the Statewide Economic Development Finance Act that the state will not limit or alter the rights vested in the authority or the department to fulfill the terms of any agreements made with the holders of the economic development revolving fund bonds, project revenue bonds or notes or in any way impair the rights and remedies of those holders until the economic development revolving fund bonds, project revenue bonds or notes together with the interest on the economic development revolving fund bonds, project revenue bonds or notes, 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 may include this pledge and agreement of the state in any agreement with the holders of the economic development revolving fund bonds, project revenue bonds or notes. History: Laws 2005, ch. 103, § 21. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-25 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-25 - Economic development revolving fund bonds; legal investments.

The economic development revolving fund bonds or notes issued under the Statewide Economic Development Finance 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, including the state investment council, may properly and legally invest funds. History: Laws 2005, ch. 103, § 22. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-26 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-26 - Tax exemption.

The promotion of proposed projects pursuant to the Statewide Economic Development Finance Act is a public purpose. 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 economic development revolving fund bonds, that the economic development revolving fund bonds issued pursuant to that act and the income from the economic development revolving fund bonds shall at all times be free from taxation by the state, except for estate or gift taxes and taxes on transfers. History: Laws 2005, ch. 103, § 23. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-27 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-27 - Proprietary information; confidentiality; penalty.

A. Information obtained by the department or the authority that is proprietary technical or business information or related to the possible relocation or expansion of an eligible entity shall be confidential and not subject to inspection pursuant to the Inspection of Public Records Act [Chapter 14, Article 2 NMSA 1978]. B. It is unlawful for any employee of the department or the authority, or any former employee of the department or the authority to reveal to any person other than another employee of the department or the authority any confidential information obtained by the department or the authority that is proprietary technical or business information or related to the possible relocation or expansion of an eligible entity and not available from public sources, except in response to an order of a district court, an appellate court or a federal court. C. Any employee or former employee of the department or the authority who reveals to another person any information that he is prohibited from lawfully revealing is guilty of a misdemeanor and shall be sentenced in accordance with the provisions of Section 31-19-1 NMSA 1978. History: Laws 2005, ch. 103, § 24. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-28 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-28 - Application of other laws.

The Statewide Economic Development Finance Act shall be deemed to provide additional and alternative methods of financing projects authorized in that act and shall be deemed supplemental and additional to powers conferred by other laws. History: Laws 2005, ch. 103, § 25. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25-29 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25 - Statewide Economic Development|Section 6-25-29 - Temporary provision; fund name change; outstanding bonds; fund balances.

Nothing in this act shall be deemed to impair economic development bonds or loan participations outstanding on the effective date of this act. The economic development revolving fund is the new name for the statewide loan participation fund and is not a new fund created by this act. History: Laws 2005, ch. 103, § 26. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
NM Stat § 6-25A-1 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-1 - Short title.

This act [6-25A-1 to 6-25A-23 NMSA 1978] may be cited as the "New Mexico Exposition Center Authority Act". History: Laws 2005, ch. 342, § 1. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-2 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-2 - Legislative findings.

The legislature finds that: A. there is a need for appropriate facilities in this state to enhance, foster, aid, provide and promote transportation, economic development, housing, recreation, education, culture, history and sense of place and for governmental operations necessary to support such activities; B. there is a need for suitable facilities for expositions, conventions, exhibitions, meetings, banquets and related facilities that will enhance or supplement facilities currently available for these activities in order to promote the state and its counties and municipalities as attractive destinations to convention and visitor industry planners; C. there is a great tradition in the state involving railway transportation that can be integrated with expositions, conventions and exhibitions and planned commuter rail transportation facilities for the mutual benefit of the state and out-of-state visitors participating in expositions, conventions and exhibitions; and D. private enterprise alone cannot provide facilities of the type and size to achieve a first-class exposition center, but by establishing an authority to plan, develop, manage and operate a suitable exposition center the state can achieve a great public benefit at the least public cost through the use of leases, concessions and other contractual relationships with private enterprise. History: Laws 2005, ch. 342, § 2. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-3 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-3 - Definitions.

As used in the New Mexico Exposition Center Authority Act: A. "authority" means the New Mexico exposition center authority; B. "bond" means a bond, note, certificate of participation or other evidence of indebtedness; C. "bondholder" or "holder" means a person who is the owner of a bond, whether registered or not; D. "exposition center" means real or personal property, or any combination thereof, that is owned, leased or otherwise controlled or financed by the authority, located in the participating jurisdictions, other than property owned by the state, commonly known as the "state fairgrounds", located within the exterior boundaries of the city of Albuquerque, that is related to, useful for or in furtherance of one or more purposes authorized by the New Mexico Exposition Center Authority Act, including facilities used for expositions, conventions, exhibitions, displays, meetings, banquets, trade shows, sporting events, arena events, museums, excursion trains, commuter and long-distance rail stations, trolleys, hotels, parking facilities, connection walkways, transportation maintenance yards, rail crossings and other light and heavy rail transportation activities and operations and related facilities, provided such facilities are available for the use by the general public; E. "participating jurisdiction" means a department, commission, council, board, committee, institution, legislative body, agency, government corporation or educational institution of the state or a political subdivision of the state that is empowered to receive or expend public money, including municipalities and counties; F. "project" means planning and design work for and development, construction, reconstruction, enlargement, improvement, installation, rehabilitation, remodeling and renovation of the exposition center; and G. "security" or means bonds, notes or other evidence of indebtedness issued by participating jurisdictions or leases or certificates or other evidence of participation in the lessor's interest in and rights under a lease with participating jurisdictions that are payable from taxes, revenues, rates, charges, assessments or user fees or from the proceeds of funding or refunding bonds, notes or other evidence of indebtedness of a qualified entity or from certificates or evidence of participation in a lease with participating jurisdictions. History: Laws 2005, ch. 342, § 3. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.