§ 3-24-1 Electric utility; municipality may acquire and operate;
§ 3-24-2 Electric utility; charges
§ 3-24-3 Electric utility; municipality serving a governmental agency
§ 3-24-4 Jurisdiction over land of electric utility
§ 3-24-5 Electric utility; eminent domain power
§ 3-24-6 Electric utility; power to issue revenue bonds
§ 3-24-7 Limitations on electric utility of municipality
§ 3-24-8 Electric utility; limitation on right to acquire system beyond five-mile limit
§ 3-24-9 Electric utility; rates, charges and service conditions beyond five-mile limit; rate, charge and service standards; fees paid by municipality
§ 3-24-10 Contracts with electric utilities for the operation of facilities
§ 3-24-11 Short title
§ 3-24-12 Legislative intent
§ 3-24-13 Limitation on applicability of the Municipal Electric
§ 3-24-14 Additional powers conferred on municipalities
§ 3-24-15 Contract for participation in and operation and management of jointly owned generating facility; sharing of costs of [on] proportional basis
§ 3-24-16 Municipal liability
§ 3-24-17 Application of municipal money or property
§ 3-24-18 Exemption from certain acts
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Terms Used In New Mexico Statutes > Chapter 3 > Article 24 - Electric Utility

  • 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.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Personal property: All property that is not real property.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.