As used in the Public Improvement District Act: A. "allowable base" means the sum of the appraised value, not including the value of public infrastructure improvements, of: (1) taxable property in a district that is owned by persons other than the applicant or the applicant's related entities; (2) commercial, industrial or retail property in a district that is owned by the applicant or the applicant's related entities for which a certificate of completion has been issued; and (3) all other taxable property in a district not described in Paragraphs (1) and (2) of this subsection, to the extent that its appraised value is less than or equal to the appraised value of property described in Paragraph (1) of this subsection; B. "applicant" means a person that applies for the formation of a district pursuant to the Public Improvement District Act; C. "clerk" means the clerk of the municipality or county, or any person appointed by the district board to be the district clerk pursuant to Section 5-11-6 NMSA 1978; D. "county" means a county that forms a public improvement district pursuant to the Public Improvement District Act in an unincorporated area or in an incorporated area with the municipality's consent; E. "debt service" means the principal of, interest on and premium, if any, on the bonds, when due, whether at maturity or prior redemption; the fees and costs of registrars, trustees, paying agents or other agents necessary to handle the bonds; and the costs of credit enhancement or liquidity support; F. "development agreement" means an agreement between a property owner or developer and the county, municipality or district, concerning the improvement of specific property within the district, which agreement may be used to establish obligations of the owner or developer, the county or municipality or the district concerning the zoning, subdivision, improvement, impact fees, financial responsibilities and other matters relating to the development, improvement and use of real property within a district; G. "district" means a public improvement district formed pursuant to the Public Improvement District Act by a municipality or by a county in an unincorporated area or in an incorporated area with the municipality's consent; H. "district board" means the board of directors of the district, which shall be composed of members of the governing body, ex officio, or, at the option of the governing body, five directors appointed by the governing body of the municipality or county in which the district is located, until replaced by elected directors, which shall occur not later than six years after the date on which the resolution establishing the district is enacted, as provided in Section 5-11-9 NMSA 1978; I. "election" means an election held in compliance with the provisions of Sections 5-11-6 and 5-11-7 NMSA 1978 and pursuant to the provisions of the Local Election Act [Chapter 1, Article 22 NMSA 1978]; J. "enhanced services" means public services provided by a municipality or county within the district at a higher level or to a greater degree than otherwise available to the land located in the district from the municipality or county, including such services as public safety, fire protection, street or sidewalk cleaning or landscape maintenance in public areas. "Enhanced services" does not include the basic operation and maintenance related to infrastructure improvements financed by the district pursuant to the Public Improvement District Act; K. "general plan" means the general plan described in Section 5-11-3 NMSA 1978, as the plan may be amended from time to time; L. "governing body" means the body or board that by law is constituted as the governing body of the municipality or county in which the public improvement district is located; M. "municipality" means an incorporated city, village or town; N. "owner" means: (1) the person who is listed as the owner of real property in the district on the current property tax assessment roll in effect at the time that the action, proceeding, hearing or election has begun. For purposes of voting in elections held pursuant to the Public Improvement District Act, when the owner of record title is a married person, only one spouse in whose name title is held may vote at such election. Where record title is held in more than one name, each owner may vote the number of fractions of acres represented by the owner's legal interest or proportionate share of and in the lands within the district; (2) the administrator or executor of an estate holding record title to land within the district; (3) the guardian of a minor or incompetent person holding record title to land within the district, appointed and qualified under the laws of the state; (4) an officer of a corporation holding record title to land within the district, which officer has been authorized by resolution of the corporation's board of directors to act with respect to such land; (5) the general partner of a partnership holding record title to land within the district; (6) the trustee of a trust holding record title to land within the district; or (7) the manager or member of a limited liability company holding record title to land within the district who has been authorized to represent the company; O. "person" means any individual, estate, trust, receiver, cooperative association, club, corporation, company, firm, partnership, limited liability company, joint venture, syndicate or other association; P. "public infrastructure improvements" means all improvements listed in this subsection and includes both on-site improvements and off-site improvements that directly or indirectly benefit the district. Such improvements include necessary or incidental work, whether newly constructed, renovated or existing, and all necessary or desirable appurtenances. "Public infrastructure improvements" includes: (1) sanitary sewage systems, including collection, transport, storage, treatment, dispersal, effluent use and discharge; (2) drainage and flood control systems, including collection, transport, diversion, storage, detention, retention, dispersal, use and discharge; (3) water systems for domestic, commercial, office, hotel or motel, industrial, irrigation, municipal or fire protection purposes, including production, collection, storage, treatment, transport, delivery, connection and dispersal; (4) highways, streets, roadways, bridges, crossing structures and parking facilities, including all areas for vehicular use for travel, ingress, egress and parking; (5) trails and areas for pedestrian, equestrian, bicycle or other nonmotor vehicle use for travel, ingress, egress and parking; (6) pedestrian malls, parks, recreational facilities and open space areas for the use of members of the public for entertainment, assembly and recreation; (7) landscaping, including earthworks, structures, lakes and other water features, plants, trees and related water delivery systems; (8) public buildings, public safety facilities and fire protection and police facilities; (9) electrical generation, transmission and distribution facilities; (10) natural gas distribution facilities; (11) lighting systems; (12) cable or other telecommunications lines and related equipment; (13) traffic control systems and devices, including signals, controls, markings and signage; (14) school sites and facilities with the consent of the governing board of the public school district for which the site or facility is to be acquired, constructed or renovated; (15) library and other public educational or cultural facilities; (16) equipment, vehicles, furnishings and other personalty related to the items listed in this subsection; and (17) inspection, construction management and program management costs; Q. "public infrastructure purpose" means: (1) planning, design, engineering, construction, acquisition or installation of public infrastructure, including the costs of applications, impact fees and other fees, permits and approvals related to the construction, acquisition or installation of such infrastructure; (2) acquiring, converting, renovating or improving existing facilities for public infrastructure, including facilities owned, leased or installed by an owner; (3) acquiring interests in real property or water rights for public infrastructure, including interests of an owner; (4) establishing, maintaining and replenishing reserves in order to secure payment of debt service on bonds; (5) funding and paying from bond proceeds interest accruing on bonds for a period not to exceed three years from their date of issuance; (6) funding and paying from bond proceeds fiscal, financial and legal consultant fees, trustee fees, discount fees, district formation and election costs and all costs of issuance of bonds issued pursuant to the Public Improvement District Act, including fees and costs for bond counsel, financial advisors, consultants and underwriters, costs of obtaining credit ratings, bond insurance premiums, fees for letters of credit and other credit enhancement costs and printing costs; (7) providing for the timely payment of debt service on bonds or other indebtedness of the district; (8) refinancing any outstanding bonds with new bonds, including through the formation of a new public improvement district; and (9) incurring expenses of the district incident to and reasonably necessary to carry out the purposes specified in this subsection; R. "related entities" means two or more entities that are owned in an amount greater than fifty percent by the same person, either directly or through one or more persons; S. "special levy" means a levy imposed against real property within a district that may be apportioned according to direct or indirect benefits conferred upon affected real property, as well as acreage, front footage, the cost of providing public infrastructure for affected real property, or other reasonable method, as determined by the governing body or district board, as applicable; and T. "treasurer" means the treasurer of the governing body or the person appointed by the district board as the district treasurer pursuant to Section 5-11-6 NMSA 1978.