Notes and warrants may mature at such time not exceeding one year from the respective dates of their issuance as the board may determine. They shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with Section 44 or 46 [ 72-19-44 or 72-19-46 NMSA 1978] of the Southern Sandoval County Arroyo Flood Control Act.
§ 72-19-43 NMSA 1978
Maturities of notes and warrants
Known as the Southern Sandoval County Arroyo Flood Control Act
The act spans §§ 72–72 (103 sections).
Laws 1990, ch. 14, § 43.
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.