§ 6-20-1 Short title
§ 6-20-2 Definitions
§ 6-20-3 Allocation of state ceiling
§ 6-20-4 Issuance of private activity bonds
§ 6-20-5 Request for allocation
§ 6-20-6 Allocation
§ 6-20-7 Carryforward election allocations
§ 6-20-8 Confirmation of issuance of private activity bonds and mortgage credit certificate election
§ 6-20-9 Assignments of allocations and carryforward election allocations
§ 6-20-10 Extensions
§ 6-20-11 Administrative duties of the board
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Terms Used In New Mexico Statutes > Chapter 6 > Article 20 - Private Activity 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.
  • 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
  • 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.