New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 61 - STATE INDEBTEDNESS AND SECURITIES
Part 4 - DISTRIBUTION OF PRIVATE ACTIVITY BOND ALLOCATIONS
Section 2.61.4.9 - PRIVATE ACTIVITY BOND FEES CHARGED
Current through Register Vol. 35, No. 18, September 24, 2024
The act provides, in Section 6-20-11 C
NMSA 1978, that the board may require a reasonable application fee, allocation deposit and extension fee to be paid by the issuing authority. Application and extension fees collected by the board shall be deposited in the general fund. Allocation deposits shall be deposited into a suspense account and after a determination has been made that the allocation has been used for the intended purpose, the board may direct the staff to refund in whole or in part the allocation deposit without interest. Otherwise, the allocation deposit shall be deposited in the general fund.
A. All fees shall be paid by bank cashier's check, certified check, money order, or by wire transfer in US funds.
B. An issuing authority will be required to pay an application fee, an allocation deposit, and an extension fee. The board shall charge the following fees:
C. Application and extension fees are due on the date a request to appear on the board's agenda is due; allocation deposits are due 7 business days following board approval of the allocation. If required fees are not paid within the time specified, the allocation will become void.
