summary
Introduced
01/22/2015
01/22/2015
In Committee
03/16/2015
03/16/2015
Crossed Over
02/25/2015
02/25/2015
Passed
03/17/2015
03/17/2015
Dead
Introduced Session
2015 Regular Session
Bill Summary
County irb projects & complaint process
AI Summary
This bill amends the County Industrial Revenue Bond Act to clarify definitions. It specifically defines "commission" as the governing body of a county, "county" as any county organized or incorporated in New Mexico, and "501(c)(3) corporation" as an organization that has received federal income tax exemption under Section 501(c)(3) of the Internal Revenue Code. These definitions are important for understanding how industrial revenue bonds can be used by counties for projects, particularly those involving non-profit organizations.
Committee Categories
Budget and Finance, Justice, Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 48] Senate has concurred in House amendments on a Senate bill SGND BY GOV (Apr. 9) Ch.120. (on 03/26/2015)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=319&year=15 |
| BillText | http://www.nmlegis.gov/Sessions/15%20Regular/final/SB0319.pdf |
| BillText | http://www.nmlegis.gov/Sessions/15%20Regular/bills/senate/SB0319FCS.pdf |
| BillText | http://www.nmlegis.gov/Sessions/15%20Regular/bills/senate/SB0319.pdf |
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