New Mexico Statutes 6-8-1. Definitions
As used in N.M. Stat. Ann. Chapter 6, Article 8:
Terms Used In New Mexico Statutes 6-8-1
- Legacy: A gift of property made by will.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
A. “council” means the state investment council;
B. “department” means the department of finance and administration;
C. “land grant permanent funds” means the permanent school fund established by Article 12, § 2 of the constitution of New Mexico and all other permanent funds derived from lands granted or confirmed to the state by the act of congress of June 20, 1910, entitled “An Act To enable the people of New Mexico to form a constitution and state government and be admitted into the Union on an equal footing with the original States…”;
D. “permanent funds” means the land grant permanent funds, rural libraries endowment fund, severance tax permanent fund, tobacco settlement permanent fund, conservation legacy permanent fund and water trust fund;
E. “secretary” means the secretary of finance and administration;
F. “severance tax permanent fund” means the fund established by Article 8, § 10 of the constitution of New Mexico;
G. “tobacco settlement permanent fund” means the fund established by Section 6-4- 9 NMSA 1978; and
H. “water trust fund” means the fund established by Article 16, § 6 of the constitution of New Mexico.