Principal of and interest on anticipation notes shall be payable solely from that portion of anticipated revenue pledged for that purpose and collected by the state for credit to the general fund in the fiscal year in which the anticipation notes are issued.
§ 6-12A-6 NMSA 1978
Source of repayment
Known as the Short-Term Cash Management Act
The act spans §§ 6–6 (15 sections).
Laws 1997, ch. 111, § 6.
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.