The bonds, notes and other obligations of the authority shall not be a debt of the state or of any county or municipality, and neither the state nor any county or municipality shall be liable thereon.
§ 58-24-14 NMSA 1978
State, county and municipalities not liable on bonds and notes
Known as the Industrial and Agricultural Finance Authority Act
The act spans §§ 58-24-1 to 58-24-9 (24 sections).
Laws 1983, ch. 300, § 14.
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.