The New Mexico finance authority may issue and sell revenue bonds payable from the public project revolving fund in compliance with the New Mexico Finance Authority Act in installments or at any one time in an amount not to exceed one million dollars ($1,000,000), the net proceeds of which shall be deposited in the water and wastewater planning fund and used for the purposes of the fund.
§ 6-21-6.5 NMSA 1978
New Mexico finance authority revenue bonds; purposes
Known as the New Mexico Finance Authority Act
The act spans §§ 6–6 (50 sections).
Laws 2002, ch. 26, § 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.