§ 4-62-1.1. Definitions

As used in Chapter 4, Article 62 NMSA 1978: A. “ bond ” means any obligation of a county issued under Chapter 4, Article 62 NMSA 1978 , whether designated as a bond, note, loan, warrant, debenture, lease-purchase agreement or other instrument evidencing an obligation of a county to make payments; B. “ gasoline tax revenue ” means the revenue from that portion of the gasoline tax distributed to the county pursuant to Sections 7-1-6.9 and 7-1-6.26 NMSA 1978; C. “ gasoline tax revenue bonds ” means the bonds authorized by Subsection C of Section 4-62-1 NMSA 1978; D. “ gross receipts tax revenue ” means the revenue attributable to the county gross receipts tax transferred to the county pursuant to Section 7-1-6.13 NMSA 1978 and any distribution made pursuant to Section 7-1-6.16 NMSA 1978; E. “ gross receipts tax revenue bonds ” means the bonds authorized by Subsection B of Section 4-62-1 NMSA 1978; F. “ PILT revenue ” means revenue received by a county from the federal government as payments in lieu of taxes; G. “ pledged revenue ” means the revenue, net income or net revenue authorized to be pledged to the payment of particular revenue bonds as specifically provided in Section 4-62-1 NMSA 1978; H. “ project revenues ” means the net revenues of revenue-producing projects that may be pledged to project revenue bonds pursuant to Subsection E of Section 4-62-1 NMSA 1978; I. “ public project ” means “public project” as defined in Subsection E of Section 6-21-3 NMSA 1978; J. “ utility ” means a water, wastewater, sewer, gas or electric utility or joint utility servicing the public; and K. “ utility revenue bonds ” or “ joint utility revenue bonds ” means the bonds authorized by Subsection D of Section 4-62-1 NMSA 1978 .