New Mexico § 9-15F-2 Definitions

New Mexico Statutes

§ 9-15F-2 — Definitions

New Mexico·Ch. 9 Executive Department·Art. 15F Trade Ports Development

As used in the Trade Ports Development Act: A. "private partner" means an individual, a foreign or domestic corporation, a general partnership, a limited liability company, a limited partnership, a joint venture, a business trust, a public benefit corporation, a nonprofit entity or other private business entity or combination thereof; B. "public partner" means the state and its branches, agencies, departments, boards, instrumentalities or institutions and all political subdivisions of the state and their agencies, instrumentalities and institutions, including a department, an agency, an institution of higher education, a board or a commission; C. "public-private partnership" means an arrangement between one or more public partners and one or more private partners for the development of a t

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As used in the Trade Ports Development Act: A. "private partner" means an individual, a foreign or domestic corporation, a general partnership, a limited liability company, a limited partnership, a joint venture, a business trust, a public benefit corporation, a nonprofit entity or other private business entity or combination thereof; B. "public partner" means the state and its branches, agencies, departments, boards, instrumentalities or institutions and all political subdivisions of the state and their agencies, instrumentalities and institutions, including a department, an agency, an institution of higher education, a board or a commission; C. "public-private partnership" means an arrangement between one or more public partners and one or more private partners for the development of a trade port project pursuant to the Trade Ports Development Act; D. "public-private partnership agreement" means a contract between one or more public partners and one or more private partners in connection with the development of a trade port project; E. "secretary" means the secretary of economic development; F. "trade port" means a multimodal system of facilities and services in a given location with the logistical capacity to efficiently manage cargo and enhance national supply chain resiliency by facilitating the movement and redistribution of goods and commodities to other locations; G. "trade port district" means a distinct geographic area subject to the approval of the secretary pursuant to Subsection B of Section 7 [9-15F-7 NMSA 1978] of the Trade Ports Development Act within which proposed trade port projects may be approved for grants or loans; and H. "trade port project" means a project subject to the approval of the secretary pursuant to Subsection C of Section 7 of the Trade Ports Development Act creating or modifying infrastructure for the construction of buildings or other facilities that support the functions of a trade port within an approved trade port district.

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