§ 73-27-1 Short title
§ 73-27-2 Findings and purpose
§ 73-27-3 Definitions
§ 73-27-4 Eastern New Mexico water utility authority; created
§ 73-27-5 Board; appointment; terms
§ 73-27-6 Board; powers; duties
§ 73-27-7 Authority; powers
§ 73-27-8 Acceptance of assets and liabilities of existing water service providers; acquisition of water rights
§ 73-27-9 Revenue bonds; authority to issue; pledge of revenues;
§ 73-27-10 Use of proceeds of revenue bond issue
§ 73-27-11 Revenue bonds; terms
§ 73-27-12 Exemption from taxation
§ 73-27-13 Resolution authorizing revenue bonds
§ 73-27-14 Revenue bonds not general obligations; authentication
§ 73-27-15 Revenue bonds; mandatory rates for the water system;
§ 73-27-16 Bonds; refunding authorization
§ 73-27-17 Refunding bonds; terms
§ 73-27-18 Refunding bonds; escrow
§ 73-27-19 Public regulation commission and state engineer jurisdiction
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Terms Used In New Mexico Statutes > Chapter 73 > Article 27 - Eastern New Mexico Water Utility Authority

  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • 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
  • 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
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.