As used in the Public Securities Limitation of Action Act [ 6-14-4 to 6-14-7 NMSA 1978];
A. "public security" means a bond, note, certificate of indebtedness or other obligation for the payment of money, issued by this state or by any public body thereof;
B. "state" means the state of New Mexico and any board, commission, department, corporation, instrumentality or agency thereof; and
C. "public body" of the state means any state educational institution or other state institution, its board of regents or other governing body thereof constituting a body corporate, any county, city, town, village, school district, irrigation district, drainage district, conservancy district, sanitation district, water district, commission, authority or other political subdivision of the state constituting a body corporate.