As used in N.M. Stat. Ann. Chapter 4, Article 62:

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Terms Used In New Mexico Statutes 4-62-1.1

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

A. “bond” means any obligation of a county issued under N.M. Stat. Ann. Chapter 4, Article 62, whether designated as a bond, note, loan, warrant, debenture, lease- purchase agreement or other instrument evidencing an obligation of a county to make payments;

B. “gasoline tax revenue” means the revenue from that portion of the gasoline tax distributed to the county pursuant to Sections 7-1-6.9 and 7-1-6.26 N.M. Stat. Ann.;

C. “gasoline tax revenue bonds” means the bonds authorized by Subsection C of Section 4-62-1 N.M. Stat. Ann.;

D. “gross receipts tax revenue” means the revenue attributable to the county gross receipts tax transferred to the county pursuant to Section 7-1-6.13 N.M. Stat. Ann. and any distribution made pursuant to Section 7-1-6.16 N.M. Stat. Ann.;

E. “gross receipts tax revenue bonds” means the bonds authorized by Subsection B of Section 4-62-1 N.M. Stat. Ann.;

F. “PILT revenue” means revenue received by a county from the federal government as payments in lieu of taxes;

G. “pledged revenue” means the revenue, net income or net revenue authorized to be pledged to the payment of particular revenue bonds as specifically provided in Section 4-62-1 N.M. Stat. Ann.;

H. “project revenues” means the net revenues of revenue-producing projects that may be pledged to project revenue bonds pursuant to Subsection E of Section 4-62-1 N.M. Stat. Ann.;

I. “public project” means “public project” as defined in Subsection E of Section 6- 21-3 NMSA 1978;

J. “utility” means a water, wastewater, sewer, gas or electric utility or joint utility servicing the public; and

K. “utility revenue bonds” or “joint utility revenue bonds” means the bonds authorized by Subsection D of Section 4-62-1 N.M. Stat. Ann..