§ 5-20-1 Short title
§ 5-20-2 Definitions
§ 5-20-3 Creation of a district
§ 5-20-4 Creation of an authority; members; terms; qualifications
§ 5-20-5 Authority; powers; duties
§ 5-20-6 Revenue bonds; exemption from taxation
§ 5-20-7 Bonding authority
§ 5-20-8 Refunding bonds
§ 5-20-9 Bonds not obligation of the state
§ 5-20-10 Dissolution

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Terms Used In New Mexico Statutes > Chapter 5 > Article 20 - Regional Air Center Special Economic District

  • 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.
  • 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
  • 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
  • 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.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.