Section 5-18-11 - Powers and duties of a district. - New Mexico Statutes

5-18-11. Powers and duties of a district.

A.     The district board shall:

(1)     establish guidelines and standards for renewable energy improvements to be made to property included in the district;

(2)     establish guidelines and procedures for a property owner to enter into an agreement with the district board to include property in the district;

(3)     establish guidelines for the documentation required from a property owner prior to property being included in the district of the owner's contracts or agreements for purchase and installation of renewable energy improvements;

(4)     establish the amount of and impose special assessments for the financing of the renewable energy improvements, including the costs of bond issuance, debt service and administrative costs of the district and the municipality or county in which the district is located; and

(5)     enter into contracts, agreements and trust indentures to obtain credit enhancement or liquidity support for its bonds and process the issuance, registration, transfer and payment of its bonds and the disbursement and investment of proceeds of the bonds.

B.     The district board may enter into contracts to carry out the purposes of the district on such terms and with such persons as the board determines to be appropriate.