{"data":{"id":"us-nm/3-31-1.1","jurisdiction":"us-nm","citation":"3-31-1.1","heading":"Definitions.","body":"As used in Chapter 3, Article 31 NMSA 1978:\nA. \"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;\nB. \"emergency medical services bonds\" means the bonds authorized by Subsection K of Section 3-31-1 NMSA 1978;\nC. \"flood recovery revenue bonds\" means the bonds authorized by Subsection I of Section 3-31-1 NMSA 1978;\nD. \"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;\nE. \"gasoline tax revenue bonds\" means the bonds authorized by Subsection E of Section 3-31-1 NMSA 1978;\nF. \"gross receipts tax revenue\" means the amount of money distributed to a municipality pursuant to Section 7-1-6.4 NMSA 1978 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 and Compensating Taxes Act [Chapter 7, Article 19D NMSA 1978];\nG. \"gross receipts tax revenue bonds\" means the bonds authorized by Subsection D of Section 3-31-1 NMSA 1978;\nH. \"joint utility revenue bonds\" or \"joint utility bonds\" means the bonds authorized by Subsection C of Section 3-31-1 NMSA 1978;\nI. \"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;\nJ. \"project revenue bonds\" means the bonds authorized by Subsection F of Section 3-31-1 NMSA 1978; and\nK. \"utility revenue bonds\" or \"utility bonds\" means the bonds authorized by Subsection B of Section 3-31-1 NMSA 1978.","path":["Chapter 3 - Municipalities","ARTICLE 31 Revenue Bonds"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18504/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"8abbd57cc3a467cc00f2d3fd5f09bc37f06787ef57226256cd093cc5a43d8724","source_id":"us-nm","stale":false,"prev":"us-nm/3-31-1","next":"us-nm/3-31-2"},"notice":"GroundRules: Original legal text. Not legal advice."}