A local school board may borrow money to finance income projects of the school district pursuant to the School Revenue Bond Act.
§ 22-19-3 NMSA 1978
Income projects
Known as the School Revenue Bond Act
The act spans §§ 22–22 (16 sections).
1953 Comp., § 77-16-3, enacted by Laws 1967, ch. 16, § 242.
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.