Required determinations of the authority
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, § 9.
The authority may not issue bonds until the board has determined that:
A. the funds available in the private banking system in the state for project loans are inadequate to meet the demand; and
B. the issuance of the bonds will alleviate such inadequacy.
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.