§ 7-9I-1 Short title
§ 7-9I-2 Definitions
§ 7-9I-3 Investment vouchers; issuance; transfer
§ 7-9I-4 Affordable housing project completion notice
§ 7-9I-5 Affordable housing tax credit
§ 7-9I-6 Administration of the act
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Terms Used In New Mexico Statutes > Chapter 7 > Article 9I - Affordable Housing Tax Credit Act

  • 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.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.