§ 58-24-1 Short title
§ 58-24-2 Legislative findings; declaration of purpose
§ 58-24-3 Definitions
§ 58-24-4 Authority created; directors; quorum; conflicts;
§ 58-24-5 Powers of the authority
§ 58-24-6 Authority; loans
§ 58-24-7 Combining loans; advising sponsors and municipalities
§ 58-24-8 Rules and regulations of the board
§ 58-24-9 Required determinations of the authority
§ 58-24-10 Planning, zoning and building laws
§ 58-24-11 Bonds and notes of the authority
§ 58-24-12 Notice; public hearing; approval
§ 58-24-13 Remedies of bondholders and noteholders
§ 58-24-14 State, county and municipalities not liable on bonds and notes
§ 58-24-15 Agreement of the state
§ 58-24-16 Bonds and notes; legal investments for public officers and fiduciaries
§ 58-24-17 Tax exemption
§ 58-24-18 Limitation of liability
§ 58-24-19 Assistance by state officers and agencies
§ 58-24-20 Court proceedings; preference; venue
§ 58-24-21 Corporate existence
§ 58-24-22 Conflicts of interest
§ 58-24-23 Cumulative authority
§ 58-24-24 Liberal interpretation

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Terms Used In New Mexico Statutes > Chapter 58 > Article 24 - Industrial and Agricultural Finance Authority

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • 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
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. 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
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • 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.
  • Personal property: All property that is not real property.
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Statute: A law passed by a legislature.
  • 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.
  • Trustee: A person or institution holding and administering property in trust.
  • Venue: The geographical location in which a case is tried.