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§ 4-48A-23 NMSA 1978

Resolution authorizing revenue bonds

Known as the Special Hospital District Act

The act spans §§ 4–4 (34 sections).

1978 Comp., § 4-48A-23, enacted by Laws 1981, ch. 84, § 14.

At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Special Hospital District Act, the board of trustees may adopt a resolution that:

A. declares the necessity for issuing revenue bonds;

B. authorizes the issuance of revenue bonds by an affirmative vote of a majority of all the members of the board of trustees of the special hospital district; or

C. designates the source of the pledge [pledged] revenues.

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.