§ 3-31-1 Revenue bonds; authority to issue; pledge of revenues;
§ 3-31-1.1 Definitions
§ 3-31-2 Use of proceeds of bond issue
§ 3-31-3 Revenue bonds; terms
§ 3-31-3.1 Exemption from taxation
§ 3-31-4 Ordinance authorizing revenue bonds; three-fourths majority required; resolution authorizing revenue bonds to be issued and sold to the New Mexico finance authority
§ 3-31-5 Revenue bonds not general municipal obligations;
§ 3-31-6 Revenue bonds; mandatory rates for utility, joint utility or revenue-producing project; mandamus; impairment of payment
§ 3-31-7 Revenue bonds; mortgaging water utility property
§ 3-31-8 Revenue bonds; refunding authorization; authority to mortgage municipal utility
§ 3-31-9 Refunding bonds; escrow; detail
§ 3-31-10 Refunding revenue bonds; terms
§ 3-31-11 Refunding revenue bonds; ordinance; resolution
§ 3-31-12 Refunding revenue bonds; foreclosure of mortgage
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Terms Used In New Mexico Statutes > Chapter 3 > Article 31 - 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.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • 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
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • 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
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • 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.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.