There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 59: Pollution Control Revenue Bonds, 3-59-1 through 3-59-14
Section 3-59-11: Bonds made legal investments.
NM Stat § 3-59-11 (1996 through 1st Sess 50th Legis) What's This?
3-59-11. Bonds made legal investments.
Bonds issued under the provisions of the Pollution Control Revenue Bond Act [3-59-1 to 3-59-14 NMSA 1978] shall be legal investments for savings banks and insurance companies organized under the laws of this state and shall be eligible for pledging as collateral for public deposits.
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