§ 3-31-1-1

As used in Chapter 3, Article 31 NMSA 1978:A. 'bond' means any obligation of a municipality issued under Chapter 3, Article 31 NMSA 1978, whether designated as a bond, note, loan, warrant, debenture, lease-purchase agreement or other instrument evidencing an obligation of a municipality to make payments;B. 'gasoline tax revenue' means all or portions of the amounts of tax revenues distributed to municipalities pursuant to Sections 7-1-6.9 and 7-1-6.27 NMSA 1978;C. 'gasoline tax revenue bonds' means the bonds authorized by Subsection E of Section 3-31-1 NMSA 1978;D. 'gross receipts tax revenue' means the amount of money distributed to a municipality pursuant to Section 7-1-6.4 NMSA and transferred to a municipality pursuant to Section 7-1-6.12 NMSA 1978 for any municipal gross receipts tax imposed pursuant to the Municipal Local Option Gross Receipts Taxes Act [Chapter 7, Article 19D NMSA 1978];E. 'gross receipts tax revenue bonds' means the bonds authorized by Subsection D of Section 3-31-1 NMSA 1978; F. 'joint utility revenue bonds' or 'joint utility bonds' means the bonds authorized by Subsection C of Section 3-31-1 NMSA 1978;G.

s the bonds authorized by Subsection D of Section 3-31-1 NMSA 1978; F. 'joint utility revenue bonds' or 'joint utility bonds' means the bonds authorized by Subsection C of Section 3-31-1 NMSA 1978;G. 'pledged revenues' means the revenues, net income or net revenues authorized to be pledged to the payment of revenue bonds as specifically provided in Chapter 3, Article 31 NMSA 1978;H. 'project revenue bonds' means the bonds authorized by Subsection F of Section 3-31-1 NMSA 1978; andI. 'utility revenue bonds' or 'utility bonds' means the bonds authorized by Subsection B of Section 3-31-1 NMSA 1978.History: 1978 Comp., § 3-31-1.1, enacted by Laws 2019, ch. 274, § 2. ANNOTATIONSEffective dates. — Laws 2019, ch. 274, § 17 made Laws 2019, ch. 274, § 2 effective July 1, 2019.