2011 New Mexico Statutes
Chapter 6: Public Finances
Article 21: Finance Authority, 6-21-1 through 6-21-31
Section 6-21-5.1: Bonds for county correctional facility loans.
6-21-5.1. Bonds for county correctional facility loans.
The authority may issue bonds for a county to design, construct, equip, furnish and otherwise improve a county correctional facility pursuant to the County Correctional Facility Gross Receipts Tax Act [7-20F-3 NMSA 1978] only after a majority of the registered qualified electors of the county has voted to allow the county to impose a county correctional facility gross receipts tax in the amount needed to repay bonds issued by the authority for the purpose of designing, constructing, equipping, furnishing and otherwise improving a county correctional facility.
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