New Mexico Statutes
§ 6-22-2 — Definitions
New Mexico § 6-22-2
This text of New Mexico § 6-22-2 (Definitions) 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. § 6-22-2 (2026).
Text
As used in the State Aid Intercept Act: A. "default" means the actual nonpayment of principal or interest on a local revenue bond when payment is scheduled by the indenture relating the local revenue bond; B. "local government" means a municipality or county; C. "local revenue bond" means a bond issued after July 1, 1992 pursuant to Sections 3-33-1 through 3-33-43 NMSA 1978 or Chapter 4, Article 62 NMSA 1978; D. "qualified local revenue bond" means a local revenue bond for which a state distributions intercept authorization has been granted pursuant to this section; E. "secretary" means the secretary of finance and administration; and F. "state distributions" means any or all of the funds distributed to local governments pursuant to Sections 7-1-6.4 and 7-1-6.9 NMSA 1978.
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Legislative History
Laws 1992, ch. 105, § 2; 2017, ch. 63, § 3.
Nearby Sections
15
§ 6-1-6
[Separate accounts.]§ 6-1-7
Repealed§ 6-10-1
Fiscal year designated§ 6-10-1.1
Definitions§ 6-10-1.2
Payment methods authorized; fee§ 6-10-10
Deposit and investment of fundsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 6-22-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/6/6-22-2.