The payment of securities shall not be secured by an encumbrance, mortgage or other pledge of property of the authority, except for revenues, income, tax proceeds and other money pledged for the payment of securities. No property of the authority, subject to such exception, shall be liable to be forfeited or taken in payment of the securities.
§ 74-10-51 NMSA 1978
Limitations upon payment of securities
Known as the Solid Waste Act
The act spans §§ 74–74 (460 sections).
Laws 1993, ch. 319, § 51.
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.