New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 105 - LOCAL GOVERNMENT EXPENDITURES
Part 2 - LODGERS' TAX QUARTERLY REPORT
Section 2.105.2.7 - DEFINITIONS

A. "Expenditure summary" means the amount of occupancy tax revenue expended by a reporting entity.

B. "Local government division" means the local government division of the department of finance and administration.

C. "Lodgers' tax quarterly report" means the form upon which reporting entities must provide revenue and expenditure information to the local government division.

D. "Non-promotional fund" means the fund containing occupancy tax proceeds which may be used for any purpose authorized by Section 3-38-21 NMSA 1978 (1996 Supp.).

E. "Percent imposed" means the percent of occupancy tax imposed by the reporting entity.

F. "Promotional fund" means the fund containing occupancy tax proceeds which must be used for advertising, publicizing and promoting tourist-related attractions, facilities and events.

G. "Quarterly" means September 30; December 31; March 31; and June 30.

H. "Reporting entity" means any municipality, county or entity created by joint powers agreement that receives occupancy revenue directly or via intergovernmental transfer.

I. "Revenue allocation" means the dedication of occupancy tax revenue to a particular fund or for a particular purpose.

J. "Revenue summary" means the amount of occupancy tax revenue received by a reporting entity.