Lease-purchase arrangements entered into under the authority of the Education Technology Equipment Act shall be legal investments in which all insurance companies, banks and savings and loan associations organized under the laws of the state, public officers and public bodies and all administrators, guardians, executors, trustees and other fiduciaries may properly and legally invest funds.
§ 6-15A-12 NMSA 1978
Legal investments for public officers and fiduciaries
Known as the Education Technology Equipment Act
The act spans §§ 6–6 (17 sections).
Laws 1997, ch. 193, § 12.
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.