Bonds issued under the provisions of the Pollution Control Revenue Bond Act shall be legal investments for savings banks and insurance companies organized under the laws of this state and shall be eligible for pledging as collateral for public deposits.
§ 3-59-11 NMSA 1978
Bonds made legal investments
Known as the Pollution Control Revenue Bond Act
The act spans §§ 3–3 (14 sections).
1953 Comp., § 14-60-11, enacted by Laws 1973, ch. 397, § 11.
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.