The economic development revolving fund bonds or notes issued under the Statewide Economic Development Finance 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, including the state investment council, may properly and legally invest funds.
§ 6-25-25 NMSA 1978
Economic development revolving fund bonds; legal investments
Known as the Statewide Economic Development Finance Act
The act spans §§ 6–6 (30 sections).
Laws 2005, ch. 103, § 22.
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.