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New Mexico Statutes Chapter 21. State and Private Education Institutions § 21-16A-3. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

As used in the Learning Center Act:

A. “board” means a learning center district board;

B. “commission” means the commission on higher education [higher education department];

C. “community college board” means the governing body of a community college district;

D. “district” means a learning center district;

E. “extended learning services” means academic and vocational educational programs offered by an institution away from a campus of the institution without the facility of a learning center and as defined by commission [department] rule consistent with the Learning Center Act;

F. “institution” means a regionally accredited public or private post-secondary educational institution;

G. “local school board” means the governing body of a school district; and

H. “taxable value of property” means the sum of the following:

(1) the “net taxable value”, as that term is defined in the Property Tax Code,  1 of property subject to taxation under the Property Tax Code;

(2) the “assessed value” of “products” as those terms are defined in the Oil and Gas Ad Valorem Production Tax Act;  2

(3) the “assessed value” of “equipment” as those terms are defined in the Oil and Gas Production Equipment Ad Valorem Tax Act; and

(4) the “taxable value” of “copper mineral property” as those terms are defined in the Copper Production Ad Valorem Tax Act.  3

1 NMSA 1978, §§ 7-35-1 to 7-38-93.
2 NMSA 1978, § 7-34-1 et seq.
3 NMSA 1978, § 7-39-1 et seq.
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Cite this article: FindLaw.com - New Mexico Statutes Chapter 21. State and Private Education Institutions § 21-16A-3. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-21-state-and-private-education-institutions/nm-st-sect-21-16a-3/

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