Within seven business days after an issuing authority issues any private activity bonds or makes a mortgage credit certificate election, the issuing authority or, in the case of a project, bond counsel for the issuing authority or the user, shall advise the board by letter of the date the bonds were issued and the total aggregate amount of the issue or, in the case of a mortgage credit certificate election, the date and the amount of the election.
§ 6-20-8 NMSA 1978
Confirmation of issuance of private activity bonds and mortgage credit certificate election
Known as the Private Activity Bond Act
The act spans §§ 6-20-1 to 6-20-9 (11 sections).
Laws 1988, ch. 46, § 8.
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.