§ 22-19-1 Short title
§ 22-19-2 Definitions
§ 22-19-3 Income projects
§ 22-19-4 Bonds; mortgages
§ 22-19-5 Determination by local school board
§ 22-19-6 Report to state board [department]
§ 22-19-7 State board [department] approval; determination by state board
§ 22-19-8 Records; restriction on use of income
§ 22-19-9 Bonds; pledge of income; satisfaction of indebtedness
§ 22-19-10 Proceeds of bond sales; retirement fund
§ 22-19-11 Bonds; form; requirements
§ 22-19-12 Pledge of additional revenue
§ 22-19-13 Refunding bonds
§ 22-19-14 Refunding bonds; issuance; sale; proceeds
§ 22-19-15 Exchange of bonds
§ 22-19-16 Tax exemption; no charge against state
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Terms Used In New Mexico Statutes > Chapter 22 > Article 19 - School Revenue Bonds

  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • 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