Anticipation notes are not a general obligation of the state, but are payable solely out of anticipated revenues that have been pledged for their payment.
§ 6-12A-15 NMSA 1978
Anticipation notes not a general obligation of the state
Known as the Short-Term Cash Management Act
The act spans §§ 6–6 (15 sections).
Laws 1997, ch. 111, § 15.
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.