N.M. Stat. ยง 73-25-3
ยง 73-25-3. Definitions
Year: 2026Length: 196 words
As used in the Regional Transit District Act:
A. โ board โ means the board of directors of a district;
B. โ bond โ means a revenue bond;
C. โ combination โ means two or more governmental units that exercise joint authority;
D. โ commission โ means the state transportation commission;
E. โ construct โ or โ construction โ means the planning, designing, engineering, acquisition, installation, construction or reconstruction of a regional transit system;
F. โ district โ means a regional transit district that is a political subdivision of the state created pursuant to the Regional Transit District Act;
G. โ governmental unit โ means the state, a county or a municipality of the state or an Indian nation, tribe or pueblo located within the boundaries of the state;
H. โ regional transit system โ means a property, improvement or system designed to be compatible with established state and local transportation plans that transports or conveys passengers within a region by means of a high-occupancy vehicle, including an automobile, truck, bus, van or railcar; and
I. โ revenues โ means tolls, fees, rates, charges, assessments, grants, contributions or other income and revenues received by the district.