§ 21-30-1 Short title
§ 21-30-2 Definitions
§ 21-30-3 Issuance of bonds
§ 21-30-4 Athletic facility revenue bonds; full authority to issue;
§ 21-30-5 Bonds tax exempt
§ 21-30-6 Authorization of surcharge and other fees; use of proceeds; transfer
§ 21-30-7 Collection of athletic facility surcharge; remittance to university
§ 21-30-8 Audits
§ 21-30-9 Enforcement; penalties
§ 21-30-10 Liberal interpretation
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Terms Used In New Mexico Statutes > Chapter 21 > Article 30 - University Athletic Facility Funding Act

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC