There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 18: Mortgage Finance Authority, 58-18-1 through 58-18-27
Section 58-18-15: State and municipalities not liable on bonds and notes.
NM Stat § 58-18-15 (1996 through 1st Sess 50th Legis) What's This?
58-18-15. State and municipalities not liable on bonds and notes.
The bonds, notes and other obligations of the authority shall not be a debt of the state or of any municipality, and neither the state nor any municipality shall be liable thereon.
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