New Mexico Statutes 68-4-2. Definitions
As used in the Forest and Watershed Restoration Act:
Terms Used In New Mexico Statutes 68-4-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A. “board” means the forest and watershed advisory board;
B. “division” means the forestry division of the energy, minerals and natural resources department;
C. “project” means a large-scale forest and watershed restoration project on any lands in the state that increases the adaptability and resilience to recurring drought and extreme weather events of the state’s forests and watersheds; protects water sources; reduces the risk of wildfire, including plans for watershed conservation; restores burned areas or thins forests; and includes a related economic or workforce development project or a wildlife conservation or habitat improvement project; and
D. “sponsor” means a federal, state or local government agency, tribal entity, corporation or organization that applies for a project or is conducting a project in conjunction with the division.