Section 21-16A-3 - Definitions.

21-16A-3. Definitions.

As used in the Learning Center Act [21-16A-1 NMSA 1978]:   

A.     "board" means a learning center district board;   

B.     "commission" means the commission on higher education;   

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 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 [7-35-1 NMSA 1978], 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 [7-32-1 NMSA 1978];   

(3)     the "assessed value" of "equipment" as those terms are defined in the Oil and Gas Production Equipment Ad Valorem Tax Act [7-34-1 NMSA 1978]; and   

(4)     the "taxable value" of "copper mineral property" as those terms are defined in the Copper Production Ad Valorem Tax Act [7-39-1 NMSA 1978].