reglab/housing_qa huggingface dataset:
NM Stat § 72-19-27 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-27 - Delinquent taxes.

If the general (ad valorem) taxes levied are not paid, then delinquent real property shall be sold at the regular tax sale for the payment of such taxes, interest and penalties, in the manner provided by the statutes of the state for selling real property for the nonpayment of general taxes. If there are no bids at the tax sale for the property so offered, the property shall be struck off to the county, and the county shall account to the authority in the same manner as provided by law for accounting for school, town and city taxes. Delinquent personal property shall be distrained and sold as provided by law. History: Laws 1990, ch. 14, § 27.
NM Stat § 72-19-28 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-28 - Elections.

Each biennial election of directors and other election of the authority, including an election to seek approval for the issuance of bonds, shall be conducted pursuant to the Local Election Act [Chapter 1, Article 22 NMSA 1978]. History: Laws 1990, ch. 14, § 28; 1991, ch. 60, § 6; 2003, ch. 119, § 1; 2018, ch. 79, § 132. ANNOTATIONSThe 2018 amendment, effective July 1, 2018, provided that any election of the southern Sandoval county arroyo flood control authority shall be conducted pursuant to the Local Election Act, and made technical and conforming changes; after "election of directors", deleted "shall be conducted at the time of the general election under the direction of the Sandoval county clerk and in accordance with the election laws of New Mexico. Any" and added "and", after "shall be conducted", deleted "at any time approved by the board in accordance with the election laws of New Mexico. Elections for the issuance of bonds may be by mail-in ballot pursuant to the procedure set forth in the Mail Ballot" and added "pursuant to the Local". The 2003 amendment, effective June 20, 2003, added the last sentence. The 1991 amendment, effective June 14, 1991, in the first sentence deleted "each election proposition to issue bonds and all other elections" following "election of directors" and added the second sentence.
NM Stat § 72-19-29 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-29 - Repealed.

History: Laws 1990, ch. 14, § 29; 2003, ch. 128, § 1; repealed by Laws 2018, ch. 79, § 175.ANNOTATIONSRepeals. — Laws 2018, ch. 79, § 175 repealed 72-19-29 NMSA 1978, as enacted by Laws 1990, ch. 14, § 29, relating to election resolution, effective July 1, 2018. For provisions of former section, see the 2017 NMSA 1978 on NMOneSource.com.
NM Stat § 72-19-30 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-30 - Repealed.

History: Laws 1990, ch. 14, § 30; repealed by Laws 2018, ch. 79, § 175.ANNOTATIONSRepeals. — Laws 2018, ch. 79, § 175 repealed 72-19-30 NMSA 1978, as enacted by Laws 1990, ch. 14, § 30, relating to conduct of election, effective July 1, 2018. For provisions of former section, see the 2017 NMSA 1978 on NMOneSource.com.
NM Stat § 72-19-31 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-31 - Repealed.

History:Laws 1990, ch. 14, § 31; repealed by Laws 2018, ch. 79, § 175.ANNOTATIONSRepeals. — Laws 2018, ch. 79, § 175 repealed 72-19-31 NMSA 1978, as enacted by Laws 1990, ch. 14, § 31, relating to notice of election, effective July 1, 2018. For provisions of former section, see the 2017 NMSA 1978 on NMOneSource.com.
NM Stat § 72-19-32 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-32 - Repealed.

History: Laws 1990, ch. 14, § 32; 1993, ch. 324, § 2; repealed by Laws 2018, ch. 79, § 175.ANNOTATIONSRepeals. — Laws 2018, ch. 79, § 175 repealed 72-19-32 NMSA 1978, as enacted by Laws 1990, ch. 14, § 32, relating to polling places, effective July 1, 2018. For provisions of former section, see the 2017 NMSA 1978 on NMOneSource.com.
NM Stat § 72-19-33 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-33 - Repealed.

History: Laws 1990, ch. 14, § 33; repealed by Laws 2018, ch. 79, § 175.ANNOTATIONSRepeals. — Laws 2018, ch. 79, § 175 repealed 72-19-33 NMSA 1978, as enacted by Laws 1990, ch. 14, § 33, relating to election supplies, effective July 1, 2018. For provisions of former section, see the 2017 NMSA 1978 on NMOneSource.com.
NM Stat § 72-19-34 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-34 - Repealed.

History: Laws 1990, ch. 14, § 34; 1991, ch. 60, § 7; 1993, ch. 324, § 3; repealed by Laws 2018, ch. 79, § 175.ANNOTATIONSRepeals. — Laws 2018, ch. 79, § 175 repealed 72-19-34 NMSA 1978, as enacted by Laws 1990, ch. 14, § 34, relating to election returns, effective July 1, 2018. For provisions of former section, see the 2017 NMSA 1978 on NMOneSource.com.
NM Stat § 72-19-35 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-35 - Dissolution of authority.

If a remonstrance is received pursuant to Section 7 [72-19-7 NMSA 1978] of the Southern Sandoval County Arroyo Flood Control Act denying the board the power to acquire a flood control system or if the first proposal for the issuance of bonds fails to receive a favorable vote by a majority of the qualified electors voting on the proposal, the board shall proceed to dissolve the authority. History: Laws 1990, ch. 14, § 35.
NM Stat § 72-19-36 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-36 - Filing of dissolution resolution.

Within thirty days after the effective date of any resolution dissolving the authority, the secretary shall file a copy of the resolution in the office of the county clerk and shall file an additional copy of the resolution in the office of the secretary of state, which filings shall be without fee and be otherwise in the same manner as articles of incorporation are required to be filed under the laws of the state. History: Laws 1990, ch. 14, § 36.
NM Stat § 72-19-37 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-37 - Disposition of property, funds and taxes of authority.

All property and all funds remaining in the treasury of the authority so dissolved shall be surrendered and transferred to the county in which the authority is located and shall become a part of the general fund of the county. History: Laws 1990, ch. 14, § 37.
NM Stat § 72-19-39 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-39 - Effect of extraterritorial functions.

All of the powers, privileges, immunities and rights, exemptions from laws, ordinances and rules, all pension, relief, disability, workers' compensation and other benefits which apply to the activity of officers, agents or employees of the authority or any such public body when performing their respective functions within the territorial limits of the respective public agencies apply to them to the same degree and extent while engaged in the performance of any of their functions and duties extraterritorially under the Southern Sandoval County Arroyo Flood Control Act. History: Laws 1990, ch. 14, § 39.
NM Stat § 72-19-40 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-40 - Forms of borrowing.

Upon the conditions and under the circumstances set forth in the Southern Sandoval County Arroyo Flood Control Act, the authority, to carry out the purposes of that act, from time to time may borrow money to defray the cost of any project, or any part thereof, as the board may determine and issue the following securities to evidence such borrowing: A. notes; B. warrants; C. bonds; D. temporary bonds; and E. interim debentures. History: Laws 1990, ch. 14, § 40.
NM Stat § 72-19-41 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-41 - Issuance of notes.

The authority is authorized to borrow money without an election in anticipation of taxes or other revenues, or both, and to issue notes to evidence the amount so borrowed. History: Laws 1990, ch. 14, § 41.
NM Stat § 72-19-42 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-42 - Issuance of warrants.

The authority is authorized to defray the cost of any services, supplies, equipment or other materials furnished to or for the benefit of the authority by the issuance of warrants to evidence the amount due therefor, without an election, in anticipation of taxes or other revenues, or both. History: Laws 1990, ch. 14, § 42.
NM Stat § 72-19-43 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-43 - Maturities of notes and warrants.

Notes and warrants may mature at such time not exceeding one year from the respective dates of their issuance as the board may determine. They shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with Section 44 or 46 [72-19-44 or 72-19-46 NMSA 1978] of the Southern Sandoval County Arroyo Flood Control Act. History: Laws 1990, ch. 14, § 43.
NM Stat § 72-19-44 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-44 - Issuance of bonds and incurrence of debt.

The authority is authorized to borrow money in anticipation of taxes or other revenues, or both, and to issue bonds to evidence the amount so borrowed. No bonded indebtedness or any other indebtedness not payable in full within one year, except for interim debentures as provided in Sections 72-19-46 and 72-19-89 through 72-19-91 NMSA 1978, shall be created by the authority without first submitting a proposition of issuing such bonds to the qualified electors of the authority and being approved by a majority of such electors voting thereon at an election held for that purpose in accordance with Sections 72-19-28 through 72-19-34 NMSA 1978 and all laws amendatory thereof and supplemental thereto. Bonds so authorized may be issued in one series or more and may mature at such time or times not exceeding forty years from their issuance as the board may determine. The total of all outstanding indebtedness at any one time shall not exceed sixty million dollars ($60,000,000) without prior approval of the state legislature." History: Laws 1990, ch. 14, § 44; 2009, ch. 30, § 1; 2009, ch. 31, § 1. ANNOTATIONSThe 2009 amendments, effective July 1, 2009, increased the maximum allowable indebtedness from thirty million dollars ($30,000,000) to sixty million dollars ($60,000,000). Laws 2009, ch. 30, § 1 and Laws 2009, ch. 31, § 1, both effective July 1, 2009, enacted identical amendments to this section. The section was set out as amended by Laws 2009, ch. 31, § 1. See 12-1-8 NMSA 1978.
NM Stat § 72-19-45 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-45 - Issuance of temporary bonds.

The authority is authorized to issue temporary bonds, pending preparation of definitive bond or bonds and exchangeable for the definitive bond or bonds when prepared, as the board may determine. Each temporary bond shall set forth substantially the same conditions, terms and provisions as the definitive bond for which it is exchanged. Each holder of any such temporary security shall have all the rights and remedies which he would have as a holder of the definitive bond or bonds. History: Laws 1990, ch. 14, § 45.
NM Stat § 72-19-46 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-46 - Issuance of interim debentures.

The authority is authorized to borrow money and to issue interim debentures evidencing "construction" or short-term loans for the acquisition or improvement and equipment of the flood control system or any project in supplementation of long-term financing and the issuance of bonds as provided in Sections 89 through 91 [72-19-89 to 72-19-91 NMSA 1978] of the Southern Sandoval County Arroyo Flood Control Act. History: Laws 1990, ch. 14, § 46.
NM Stat § 72-19-47 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-47 - Payment of securities.

All securities issued by the authority shall be authorized by resolution. The authority may pledge its full faith and credit for the payment of any securities authorized in the Southern Sandoval County Arroyo Flood Control Act, the interest thereon, any prior redemption premium or premiums and any charges appertaining thereto. Securities may constitute the direct and general obligations of the authority. Their payment may be secured by a specific pledge of tax proceeds and other revenues of the authority as the board may determine. History: Laws 1990, ch. 14, § 47.
NM Stat § 72-19-48 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-48 - Additionally secured securities.

The board, in connection with such additionally secured securities, in the resolution authorizing their issuance or other instrument appertaining thereto, may pledge all or a portion of such revenues, subject to any prior pledges, as additional security for such payment of such securities, and at its option may deposit such revenues in a fund created to pay the securities or created to secure additionally their payment. History: Laws 1990, ch. 14, § 48.
NM Stat § 72-19-49 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-49 - Pledge of revenues.

Any such revenues pledged directly or as additional security for the payment of securities of any one issue or series, which revenues are not exclusively pledged therefor, may subsequently be pledged directly or as additional security for the payment of the securities of one or more issue or series subsequently authorized. History: Laws 1990, ch. 14, § 49.
NM Stat § 72-19-50 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-50 - Ranking among different issues.

All securities of the same issue or series shall, subject to the prior and superior rights of outstanding securities, claims and other obligations, have a prior, paramount and superior lien on the revenues pledged for the payment of the securities over and ahead of any lien thereagainst subsequently incurred of any other securities; provided, however, the resolution authorizing, or other instrument appertaining to, the issuance of any securities may provide for the subsequent authorization of bonds or other securities the lien for the payment of which on such revenues is on a parity with the lien thereon of the subject securities upon such conditions and subject to such limitations as the resolution or other instrument may provide. History: Laws 1990, ch. 14, § 50.
NM Stat § 72-19-51 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-51 - Ranking among securities of same issue.

All securities of the same issue or series shall be equally and ratably secured without priority by reason of number, date of maturity, date of securities, of sale, of execution or of delivery, by a lien on such revenues in accordance with the provisions of the Southern Sandoval County Arroyo Flood Control Act and the resolution authorizing, or other instrument appertaining to, such securities, except to the extent such resolution or other instrument otherwise expressly provides. History: Laws 1990, ch. 14, § 51.
NM Stat § 72-19-52 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-52 - Payment recital in securities.

Each security issued under the Southern Sandoval County Arroyo Flood Control Act shall recite in substance that the security and the interest on that security are payable solely from the revenues or other money pledged to the payment of those revenues. Securities specifically pledging the full faith and credit of the authority for their payment shall so state. History: Laws 1990, ch. 14, § 52.
NM Stat § 72-19-53 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-53 - Incontestable recital in securities.

Any resolution authorizing, or other instrument appertaining to, any securities under the Southern Sandoval County Arroyo Flood Control Act may provide that each security authorized by such a resolution shall recite that it is issued under authority of that act. Such recital shall conclusively impart full compliance with all of the provisions of that act, and all securities issued containing such recital shall be incontestable for any cause whatsoever after their delivery for value. History: Laws 1990, ch. 14, § 53.
NM Stat § 72-19-54 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-54 - Limitations upon payment of securities.

The payment of securities shall not be secured by an encumbrance, mortgage or other pledge of property of the authority, except for revenues, income, tax proceeds and other money pledged for the payment of securities. No property of the authority, subject to such exception, shall be liable to be forfeited or taken in payment of the securities. History: Laws 1990, ch. 14, § 54.
NM Stat § 72-19-55 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-55 - Limitations upon incurring any debt.

Nothing in the Southern Sandoval County Arroyo Flood Control Act shall be construed as creating or authorizing the creation of an indebtedness on the part of any municipality or other public body included in the authority or elsewhere located. History: Laws 1990, ch. 14, § 55.
NM Stat § 72-19-56 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-56 - Security details.

Any securities authorized to be issued in the Southern Sandoval County Arroyo Flood Control Act shall bear the date or dates, shall be in the denomination or denominations, shall mature at the time or times but in no event exceeding forty years from their date or any shorter limitation provided in that act, shall bear interest which may be evidenced by one or two sets of coupons, payable annually or semiannually, except that the first coupon or coupons, if any, appertaining to any security may represent interest for any period not in excess of one year, as may be prescribed by resolution or other instrument; and the securities and any coupons shall be payable in the medium of payment at any banking institution or other place or places within or without the state, including but not limited to the office of the treasurer of the county in which the authority is located wholly or in part, as determined by the board, and the securities at the option of the board may be in one or more series, may be made subject to prior redemption in advance of maturity in the order or by lot or otherwise at the time or times without or with the payment of the premium or premiums not exceeding six percent of the principal amount of each security so redeemed, as determined by the board. History: Laws 1990, ch. 14, § 56.
NM Stat § 72-19-57 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-57 - Capitalization of costs.

Any resolution authorizing the issuance of securities or other instrument appertaining thereto may capitalize interest on any securities during any period of construction or other acquisition estimated by the board and one year thereafter and any other cost of any project by providing for the payment of the amount capitalized from the proceeds of the securities. History: Laws 1990, ch. 14, § 57.
NM Stat § 72-19-58 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-58 - Other security details.

Securities may be issued in such manner, in such form, with such recitals, terms, covenants and conditions and with such other details as may be provided by the board in the resolution authorizing the securities, or other instrument appertaining thereto, except as otherwise provided in the Southern Sandoval County Arroyo Flood Control Act. History: Laws 1990, ch. 14, § 58.
NM Stat § 72-19-59 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-59 - Reissuance of securities.

Any resolution authorizing the issuance of securities or any other instrument appertaining thereto may provide for their reissuance in other denominations in negotiable or nonnegotiable form and otherwise in such manner and form as the board may determine. History: Laws 1990, ch. 14, § 59.
NM Stat § 72-19-60 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-60 - Negotiability.

Subject to the payment provisions specifically provided in the Southern Sandoval County Arroyo Flood Control Act, the notes, warrants, bonds, any interest coupons thereto attached, temporary bonds and interim debentures shall be fully negotiable within the meaning of and for all the purposes of the Uniform Commercial Code [Chapter 55 NMSA 1978], except as the board may otherwise provide. Each holder of such security, or of any coupon appertaining thereto, by accepting such security or coupon shall be conclusively deemed to have agreed that such security or coupon, except as otherwise provided, is and shall be fully negotiable within the meaning and for all purposes of that code. History: Laws 1990, ch. 14, § 60.
NM Stat § 72-19-61 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-61 - Single bonds.

Notwithstanding any other provision of law, the board in any proceedings authorizing securities under the Southern 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 1990, ch. 14, § 61.