Such certificates of indebtedness shall be paid within two years after date upon order of the department of finance and administration. Any balance remaining in the special fund created for the proceeds of the issuance and sale of the certificates of indebtedness shall be first applied. Any additional amount required for retirement of such certificates shall be paid from the state general fund.
§ 6-10-7 NMSA 1978
Retirement of certificates
Known as the Warrant Cancellation Act
The act spans §§ 6–6 (74 sections).
1953 Comp., § 11-2-3.5, enacted by Laws 1963, ch. 36, § 3.
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.