No interest shall accrue on any security in the Southern Sandoval County Arroyo Flood Control Act authorized after it becomes due and payable; provided funds for the payment of the principal of and the interest on the security and any prior redemption premium due are available to the paying agent for such payment without default.
§ 72-19-80 NMSA 1978
Interest after maturity
Known as the Southern Sandoval County Arroyo Flood Control Act
The act spans §§ 72–72 (103 sections).
Laws 1990, ch. 14, § 80.
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.