Section 7-20F-2 - Definitions. - New Mexico Statutes

7-20F-2. Definitions.

As used in the County Correctional Facility Gross Receipts Tax Act [7-20F-1 NMSA 1978]:

A.     "county" means a county of New Mexico;

B.     "county board" means the board of county commissioners of a county;

C.     "department" means the taxation and revenue department, the secretary of taxation and revenue or any employee of the department exercising authority lawfully delegated to that employee by the secretary;

D.     "judicial-correctional facility" means a facility for housing and use by judicial and corrections agencies, including housing for persons confined in county correctional facilities; however, none of the facilities are required to be located on the same or contiguous parcels of land;

E.     "municipality" means any incorporated city, town or village, whether incorporated under general act, special act or special charter;

F.     "person" means an individual or any other legal entity;

G.     "pledged revenues" means the revenue, net income or net revenues authorized to be pledged to the payment of revenue bonds issued pursuant to the provisions of the County Correctional Facility Gross Receipts Tax Act;

H.     "refunding bond" means a refunding revenue bond issued pursuant to the provisions of the County Correctional Facility Gross Receipts Tax Act to refund revenue bonds issued pursuant to the provisions of that act; and

I.     "revenue bond" means a county correctional facility gross receipts tax revenue bond.