The New Mexico finance authority may issue and sell at public or private sale building bonds to refund outstanding building bonds by exchange, immediate or prospective redemption, cancellation or escrow, including the escrow of debt service funds accumulated for payment of outstanding bonds, or any combination thereof, when, in its opinion, such action will be beneficial to the state.
§ 6-21C-6 NMSA 1978
Authority to refund bonds
Known as the State Building Bonding Act
The act spans §§ 6–6 (12 sections).
Laws 2001, ch. 199, § 6; 2003, ch. 371, § 5.
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.