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57 sections in this chapter.
NMSA 1978, § 71-10-5 Authority; powers; duties
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A. An authority is a political subdivision of the state that may, in accordance with law and to effectuate the purposes of the district it governs: (1) have perpetual existence; (2) sue and be sued; (3) adopt bylaws, policies and procedures; (4) employ a director, who may employ …
NMSA 1978, § 71-10-6 Revenue bonds; exemption from taxation
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The bonds authorized by the Electric Generating Facility Economic District Act, the income from those bonds, mortgages or other security instruments executed as security for those bonds, lease agreements authorized by the Electric Generating Facility Economic District Act and rev…
NMSA 1978, § 71-10-7 Bonding authority
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A. An authority may issue revenue bonds for the purpose of constructing, purchasing, improving, remodeling, furnishing or equipping any necessary buildings, structures, roads or other infrastructure of the district. B. An authority may pledge irrevocably any or all of the revenue…
NMSA 1978, § 71-10-8 Refunding bonds
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A. An authority that has issued bonds in accordance with the Electric Generating Facility Economic District Act may issue refunding bonds for the purpose of refinancing, paying and discharging all or any part of outstanding bonds for the: (1) acceleration, deceleration or other m…
NMSA 1978, § 71-10-9 Bonds not obligation of the state or a county
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Except as otherwise provided in the Electric Generating Facility Economic District Act, all bonds or other obligations issued pursuant to that act are payable solely from the revenues of the district that may be pledged to the payment of such obligations, and the bonds or other o…
NMSA 1978, § 71-11-1 Grid modernization roadmap and grant program
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A. The energy, minerals and natural resources department shall develop a roadmap for grid modernization that shall detail priorities and strategies to modernize New Mexico's electric grid. B. The department shall establish a grid modernization grant program to support implementat…
NMSA 1978, § 71-11-2 Grid modernization grant fund; created
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The "grid modernization grant fund" is created in the state treasury. The fund consists of appropriations, gifts, grants and donations. The energy, minerals and natural resources department shall administer the fund, and money in the fund is subject to appropriation by the legisl…
