A. The authority may create and establish one or more reserve funds.
B. The authority may create and establish other reserve funds as it deems advisable and necessary.
§ 58-18-12 NMSA 1978
Reserve funds
Known as the Mortgage Finance Authority Act
The act spans §§ 58–58 (45 sections).
1953 Comp., § 13-19-12, enacted by Laws 1975, ch. 303, § 12; 1995, ch. 9, § 22.
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.