Section 72-4A-3 - Definitions.
72-4A-3. Definitions.
As used in the Water Project Finance Act:
A. "authority" means the New Mexico finance authority;
B. "board" means the water trust board;
C. "political subdivision" means a municipality, county, irrigation district, conservancy district, special district, acequia, soil and water conservation district, water and sanitation district or an association organized and existing pursuant to the Sanitary Projects Act [3-29-1 NMSA 1978];
D. "qualifying water project" means a project recommended by the board for funding by the legislature; and
E. "qualifying entity" means a state agency, a political subdivision of the state or a recognized Indian nation, tribe or pueblo, the boundaries of which are located wholly or partially in New Mexico.