If a majority of those persons voting on a question submitted to the voters in a bond election vote for creating a debt by issuing general obligation bonds, the local school board may, subject to the approval of the attorney general, proceed to issue the bonds.
§ 22-18-7 NMSA 1978
Authority to issue bonds
1953 Comp., § 77-15-7, enacted by Laws 1967, ch. 16, § 234.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.