As used in the Fire District Bond Act:
- A. "fire district bonds" means the bonds authorized in the Fire District Bond Act;
- B. "governing body" means the board of county commissioners of a county or the city council, city commission or board of trustees of a municipality;
- C. "pledged revenues" means the revenues, net income or net revenues authorized to be pledged to the payment of particular bonds as specifically provided in Section 3 [5-7-3 NMSA 1978] of the Fire District Bond Act; and
- D. "project revenues" means the net revenues of the fire district as well as revenues received by the fire district from the fire protection fund as provided in Sections 59-15-1 through 59-15-18 NMSA 1978 [repealed], which may be pledged to fire district bonds pursuant to Subsection B of Section 3 of the Fire District Bond Act.
History: Laws 1983, ch. 162, § 2.
ANNOTATIONS
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Sections 59-15-1 through 59-15-18 NMSA 1978, relating to the fire protection fund, were repealed by Laws 1984, ch. 127, § 997. For present comparable provisions, see Chapter 59A, Article 53 NMSA 1978.