reglab/housing_qa huggingface dataset:
NM Stat § 6-25A-6 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-6 - Purchases in name of the authority; documentation.

A. All tangible and intangible property, real and personal property and securities purchased, held or owned by the authority shall be purchased and held in the name of the authority, or may be mortgaged, assigned or otherwise encumbered as security for the repayment of bonds issued by the authority. B. All securities purchased by the authority, upon delivery to the authority, shall be accompanied by all documentation required by the authority and shall include an approving opinion of recognized bond counsel, certification and guarantee of signatures and certification as to no litigation pending as of the date of delivery of the securities challenging the validity or issuance of such securities. History: Laws 2005, ch. 342, § 6. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-8 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-8 - Bonds; authorization for issuance; terms and conditions.

A. Bonds of the authority shall be authorized by resolution of the authority and may be issued in one or more series. The bonds shall bear the dates, be in the form, be issued in the denominations, have terms and maturities, bear 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 bonds provides. The 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. Bonds issued by the authority may be sold at any time at private or public sale at the prices agreed upon by the authority. C. Bonds of the authority may be issued pursuant to the New Mexico Exposition Center Authority 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 the New Mexico Exposition Center Authority Act. D. Bonds issued by the authority are negotiable instruments for all purposes of the Uniform Commercial Code [Chapter 55 NMSA 1978], subject only to the provisions of the bonds for registrations. E. A resolution for the issuance of bonds shall provide that each bond authorized shall recite that it is issued by the authority. The recital shall clearly state that the bonds are in full compliance with all the provisions of the New Mexico Exposition Center Authority Act. History: Laws 2005, ch. 342, § 8. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-9 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-9 - Bonds secured by trust indenture.

Bonds of the authority 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 may 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 money. The authority may provide by the trust indenture for the payment of the proceeds of the bonds and the revenue to the trustee under the trust indenture or other depository for disbursement with safeguards as the authority determines necessary. History: Laws 2005, ch. 342, § 9. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-10 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-10 - Publication of notice; validation; limitation of action.

A. After adoption of a resolution authorizing issuance of bonds, 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, an action attacking the validity of the proceedings had or 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. 342, § 10. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-11 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-11 - Refunding bonds.

The authority may issue its bonds for the purpose of refunding bonds then outstanding, including the payment of redemption premiums and interest accrued or to accrue to the date of redemption of the outstanding bonds. Until the proceeds of the bonds issued for the purpose of refunding outstanding bonds are applied to the purchase or retirement of the outstanding bonds or the redemption of the outstanding bonds, the proceeds may be placed in escrow and be invested and reinvested. The interest, income and profits, if any, earned or realized on an investment may, in the discretion of the authority, also be applied to the payment of the outstanding bonds to be refunded by purchase, retirement or redemption, as the case may be. After the terms of the escrow have been fully satisfied and carried out, a balance of proceeds and interest, if any, earned or realized on the investments of proceeds and interest may be returned to the authority for use by it in a lawful manner. Refunding bonds shall be issued and secured and shall be subject to the provisions of the New Mexico Exposition Center Authority Act in the same manner and to the same extent as any other bonds issued pursuant to the New Mexico Exposition Center Authority Act. History: Laws 2005, ch. 342, § 11. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-12 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-12 - Remedies of bondholders.

A holder of bonds issued by the authority or a trustee under a trust indenture entered into pursuant to the New Mexico Exposition Center Authority Act, except to the extent that its rights are restricted by a bond resolution or trust indenture authorized pursuant to the bond resolution, may protect and enforce, by a suitable form of legal proceedings, rights under the laws of this state or granted by the bond resolution or trust indenture authorized pursuant to the bond resolution. These rights include the right to compel the performance of the duties of the authority required by the New Mexico Exposition Center Authority Act or the bond resolution and to enjoin unlawful activities. History: Laws 2005, ch. 342, § 12. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-13 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-13 - Agreement of the state.

The state pledges to and agrees with the holder of a bond issued pursuant to the New Mexico Exposition Center Authority Act that the state will not limit or alter the rights vested in the authority to fulfill the terms of agreements made with the bondholder or in any way impair the rights and remedies of that bondholder until the bond together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with an action or proceeding by or on behalf of that bondholder, are fully met and discharged. The authority may include this pledge and agreement of the state in any agreement with a bondholder. History: Laws 2005, ch. 342, § 13. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-14 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-14 - Bonds; legal investment for public officers and fiduciaries.

Bonds issued by the authority 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 may properly and legally invest funds. History: Laws 2005, ch. 342, § 14. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-15 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-15 - Tax exemption.

A. The creation of the authority is in all respects for the benefit of the people of the state, for the improvement of their health and welfare and for the promotion of projects for the exposition center pursuant to the New Mexico Exposition Center Authority Act. These purposes are public purposes and the authority will be performing an essential governmental function in the exercise of its powers with the purchasers and subsequent holders and transferees of bonds issued by the authority, in consideration of the acceptance of and payment for the bonds. Bonds issued pursuant to the New Mexico Exposition Center Authority Act and the income from the bonds shall at all times be free from taxation by the state, except for estate or gift taxes and taxes on transfers. B. The property, income and operations of the authority shall be exempt from taxation of every kind and nature. History: Laws 2005, ch. 342, § 15. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-16 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-16 - Money of the authority; expenses; audit; annual report.

A. Money of the authority, except as otherwise authorized or provided in the New Mexico Exposition Center Authority Act or in a bond resolution, trust indenture or other instrument under which bonds are issued, shall be deposited as soon as practicable in a separate account or accounts in banks or trust companies organized under the laws of this state. Deposits of money shall be secured, if required by the authority, in such a manner as the authority determines to be prudent. Banks or trust companies may give security for deposits of the authority. B. Subject to the provisions of any contract with bondholders, the authority shall prescribe a system of accounts. C. Money held by the authority that is not needed for immediate disbursement, including funds held in reserve, may be deposited with the state treasurer for short-term investment pursuant to Section 6-10-10.1 NMSA 1978 or may be invested in direct and general obligations of or obligations fully and unconditionally guaranteed by the United States, obligations issued by agencies of the United States, obligations of this state or any political subdivision of the state, interest-bearing time deposits, commercial paper issued by corporations organized and operating within the United States and rated "prime" quality by a national rating service, other investments permitted by Section 6-10-10 NMSA 1978 or as otherwise provided by the trust indenture or bond resolution, if the funds are pledged for or secure payment of bonds issued by the authority. D. The authority shall have an audit of its books and accounts made at least once each year by the state auditor or by a certified public accounting firm whose proposal has been reviewed and approved by the state auditor. The cost of the audit shall be an expense of the authority. Copies of the audit shall be submitted to the governor and the New Mexico exposition center authority oversight committee and made available to the public. E. The authority shall submit a report of its activities to the governor and to the legislature not later than December 1 of each year. Each report shall set forth a complete operating and financial statement covering its operations for that year. History: Laws 2005, ch. 342, § 16. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-17 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-17 - Corporate existence.

The authority and its corporate existence shall continue until terminated by law, provided that no termination by law shall take effect so long as the authority has bonds or other obligations outstanding, unless adequate provision has been made for the payment of those obligations. Upon termination of the existence of the authority, all its rights and properties in excess of its obligations shall pass to and be vested in the state. History: Laws 2005, ch. 342, § 17. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-18 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-18 - Prohibited actions.

The authority shall not: A. deal in securities within the meaning of or subject to securities law, securities exchange law or securities dealer law of the United States or the state or of another state or jurisdiction, domestic or foreign, except as authorized in the New Mexico Exposition Center Authority Act; or B. issue bills of credit or accept deposits of money for time on demand deposit or administer trusts or engage in any form or manner, or in the conduct of, a private or commercial banking business, or act as a savings bank or savings and loan association or another kind of financial institution except as authorized in the New Mexico Exposition Center Authority Act. History: Laws 2005, ch. 342, § 18. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-19 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-19 - Conflicts of interest; penalty.

A. If a member, officer or employee of the authority has an interest, either direct or indirect, in a contract to which the authority is or is to be a party, that interest shall be disclosed to the authority in writing and shall be set forth in the minutes of the authority. The member, officer or employee having that interest shall not participate in an action by the authority with respect to that contract. B. A person who has a conflict of interest as provided in this section and participates in a transaction involving that conflict of interest or fails to notify the authority of the conflict is guilty of a misdemeanor and upon conviction shall be sentenced to imprisonment in the county jail for a definite term of not more than one year or to the payment of a fine of not more than one thousand dollars ($1,000), or both. History: Laws 2005, ch. 342, § 19. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-20 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-20 - Cumulative authority.

The New Mexico Exposition Center Authority Act shall be deemed to provide an additional and alternative method for the doing of the things it authorizes and shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as in derogation of any powers now existing; provided that the issuance of bonds under the provisions of the New Mexico Exposition Center Authority Act need not comply with the requirements of any other law applicable to the issuance of bonds. History: Laws 2005, ch. 342, § 20. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-21 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-21 - New Mexico exposition authority oversight committee.

There is created a joint interim legislative committee that shall be known as the "New Mexico exposition center authority oversight committee". The New Mexico legislative council shall determine the membership of the committee and shall appoint the members and designate the chair and the vice chair in accordance with council policies. The staff for the committee shall be provided by the legislative council service. History: Laws 2005, ch. 342, § 21. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-22 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-22 - Committee duties.

The New Mexico exposition center authority oversight committee shall: A. monitor and oversee the operation of the authority; B. meet on a regular basis to receive and review reports from the authority on implementation of the provisions of the New Mexico Exposition Center Authority Act and to review and approve rules proposed for adoption by the authority; C. oversee and monitor proposed projects for the exposition center in participating jurisdictions; D. provide advice and assistance to the authority and cooperate with the executive branch of state government and participating jurisdictions on planning, setting priorities for and financing of projects for the exposition center; and E. report its findings and recommendations, including recommended legislation, to the governor and to each session of the legislature. The report and proposed legislation shall be made available on or before December 15 each year. History: Laws 2005, ch. 342, § 22. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-25A-23 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 25A - New Mexico Exposition Center Authority|Section 6-25A-23 - Severability.

If any part or application of the New Mexico Exposition Center Authority Act is held invalid, the remainder or its application to other situations shall not be affected. History: Laws 2005, ch. 342, § 23. ANNOTATIONSEffective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
NM Stat § 6-26-1 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 26 - Behavioral Health Capital Funding Act|Section 6-26-1 - Short title.

This act [6-26-1 to 6-26-8 NMSA 1978] may be cited as the "Behavioral Health Capital Funding Act". History: Laws 2004, ch. 71, § 1. ANNOTATIONSEffective dates. — Laws 2004, ch. 71 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 19, 2004, 90 days after adjournment of the legislature.
NM Stat § 6-26-2 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 26 - Behavioral Health Capital Funding Act|Section 6-26-2 - Purpose.

The purpose of the Behavioral Health Capital Funding Act is to provide funding for capital projects to eligible entities in order to increase behavioral health care services to sick and indigent patients. History: Laws 2004, ch. 71, § 2. ANNOTATIONSEffective dates. — Laws 2004, ch. 71 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 19, 2004, 90 days after adjournment of the legislature.
NM Stat § 6-26-3 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 26 - Behavioral Health Capital Funding Act|Section 6-26-3 - Definitions.

As used in the Behavioral Health Capital Funding Act:A. "authority" means the New Mexico finance authority;B. "capital project" means repair, renovation or construction of a behavioral health facility; purchase of land; or acquisition of capital equipment of a long-term nature;C. "department" means the department of health;D. "eligible entity" means:(1) a nonprofit behavioral health facility that is a 501(c)(3) nonprofit corporation for federal income tax purposes and serves primarily sick and indigent patients; or (2) a behavioral health care clinic that operates in a rural or other health care underserved area of the state, that is owned by a county or municipality and that meets department requirements for eligibility; andE. "fund" means the behavioral health capital fund. History: Laws 2004, ch. 71, § 3; 2019, ch. 156, § 1.ANNOTATIONSCross references. — For the New Mexico finance authority see 6-21-4 NMSA 1978. For the department of health, see 9-7-4 NMSA 1978. The 2019 amendment, effective June 14, 2019, expanded the definition of "eligible entity" for purposes of the Behavioral Health Capital Funding Act; and in Subsection D, Paragraph D(1), after "behavioral health facility that", deleted "has assets totaling less than ten million dollars ($10,000,000)", and added Paragraph D(2).
NM Stat § 6-26-4 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 26 - Behavioral Health Capital Funding Act|Section 6-26-4 - Behavioral health capital fund.

A. The "behavioral health capital fund" is created as a revolving fund in the authority. The fund shall consist of appropriations, loan repayments, gifts, grants, donations and interest earned on investment of the fund. Money in the fund shall not revert at the end of a fiscal year.B. Money in the fund is appropriated to the authority for the purpose of making loans to eligible entities for capital projects pursuant to the Behavioral Health Capital Funding Act.C. The fund shall be administered by the authority. The authority may recover from the fund the costs of administering the fund and originating loans up to an amount equal to ten percent of original loan amounts. History: Laws 2004, ch. 71, § 4; 2019, ch. 156, § 2. ANNOTATIONSThe 2019 amendment, effective June 14, 2019, authorized the New Mexico finance authority to recover from the behavioral health capital fund the costs of administering the fund and originating loans; in Subsection C, after "The authority", deleted "or department shall not be paid" and added "may recover", and after "from the fund", added "the costs of administering the fund and originating loans up to an amount equal to ten percent of original loan amounts".