The purpose of the School District Bond Anticipation Notes Act is to provide a mechanism for school districts to obtain short-term financing for capital projects that are needed by the school district to meet the educational needs of students in the school district and to promote the health, safety, security and general welfare of the students in the school district.
§ 22-19B-2 NMSA 1978
Purpose
Known as the School District Bond Anticipation Notes Act
The act spans §§ 22–22 (9 sections).
Laws 2002, ch. 54, § 2.
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.