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§ 4-48B-21 NMSA 1978

Ordinance authorizing revenue bonds

Known as the Hospital Funding Act

The act spans §§ 4–4 (29 sections).

1978 Comp., § 4-48B-21, enacted by Laws 1981, ch. 83, § 21.

At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Hospital Funding Act, the county commissioners may adopt an ordinance that:

A. declares the necessity for issuing revenue bonds;

B. authorizes the issuance of revenue bonds by an affirmative vote of a majority of the county commissioners of the county; and

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.