§ 5-4-1 [Governmental unit subject to act.]
§ 5-4-2 Dedication of lands and buildings as playgrounds and recreation centers
§ 5-4-3 Establishing system of supervised recreation; powers of managing boards
§ 5-4-4 [Petition for establishment of a supervised recreational system; election.]
§ 5-4-5 Establishment of joint recreational systems
§ 5-4-6 Acceptance of grants and donations by supervisory boards;
§ 5-4-7 [Disposition of funds received by gift or bequest.]
§ 5-4-8 Power to issue bonds
§ 5-4-9 [Payment of expenses incurred in equipping, operating and maintaining recreational facilities.]
§ 5-4-10 Revenue bonds
§ 5-4-11 Revenue bonds; refunding authorization; escrow; detail
§ 5-4-12 Terms of bonds
§ 5-4-13 Ordinance or resolution issuing bonds; validation
§ 5-4-14 Retirement of bonds only from cigarette tax proceeds; tax levy irrevocable
§ 5-4-15 Proceeds not to be divested [diverted]; exclusions of this act
§ 5-4-16 School districts; community recreational facilities
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Terms Used In New Mexico Statutes > Chapter 5 > Article 4 - Playgrounds and Recreational Equipment

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Bequest: Property gifted by will.
  • 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.
  • Devise: To gift property by will.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • 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
  • Personal property: All property that is not real property.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.