New Mexico § 5-15B-1 Authorization of issuance of bonds

New Mexico Statutes

§ 5-15B-1 — Authorization of issuance of bonds

New Mexico § 5-15B-1

Ch. 5Municipalities and Counties

Art. 15BTaos Ski Valley Projects

This text of New Mexico § 5-15B-1 (Authorization of issuance of bonds) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 5-15B-1 (2026).

Text

The legislature authorizes the issuance of bonds not to exceed forty-four million dollars ($44,000,000) in net proceeds as adjusted for inflation, secured by tax increments authorized pursuant to the Tax Increment for Development Act [Chapter 5, Article 15 NMSA 1978] to be pledged to pay the principal of and interest on the bonds, including a gross receipts tax increment attributed to the imposition of the state gross receipts tax within the village of Taos Ski Valley tax increment development district, subject to the review and approval by the New Mexico finance authority of: A. the master indenture prior to issuance of any bonds; and B. any amendments to the master indenture prior to issuance of any bonds after any amendments are made.

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The legislature authorizes the issuance of bonds not to exceed forty-four million dollars ($44,000,000) in net proceeds as adjusted for inflation, secured by tax increments authorized pursuant to the Tax Increment for Development Act [Chapter 5, Article 15 NMSA 1978] to be pledged to pay the principal of and interest on the bonds, including a gross receipts tax increment attributed to the imposition of the state gross receipts tax within the village of Taos Ski Valley tax increment development district, subject to the review and approval by the New Mexico finance authority of: A. the master indenture prior to issuance of any bonds; and B. any amendments to the master indenture prior to issuance of any bonds after any amendments are made.