§ 6-6-1 Definitions
§ 6-6-2 Local government division; powers and duties
§ 6-6-3 Local public bodies; duties
§ 6-6-4 Local government division; research and survey; report to governor and legislature
§ 6-6-4.1 Local government division; additional duties; occupancy tax quarterly reports
§ 6-6-5 Record of approved budget
§ 6-6-6 Approved budgets; claims or warrants in excess of budget;
§ 6-6-7 [Limitation on county expenditures during year official’s term expires; exceptions.]
§ 6-6-9 [Limitation on municipal expenditures during year officials’ terms expire.]
§ 6-6-10 Violation of expense limit; penalty
§ 6-6-11 Yearly expenditures limited to income; Bateman Act
§ 6-6-12 Exemptions from Bateman Act
§ 6-6-13 Salaries to be prorated
§ 6-6-14 [Insufficient funds; prorating salaries and claims;
§ 6-6-15 [Void indebtedness; payment from later collections;
§ 6-6-16 [Appealed claims; payment.]
§ 6-6-17 [Current year same as fiscal year.]
§ 6-6-18 Current year; disposition of funds
§ 6-6-19 Local government permanent fund
§ 6-6-20 Municipal post-employment life insurance benefits trust
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Terms Used In New Mexico Statutes > Chapter 6 > Article 6 - Local Government Finances

  • 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.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • 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
  • 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.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Trustee: A person or institution holding and administering property in trust.