2011 New Mexico Statutes
Chapter 4: Counties
Article 48B: Hospital Funding, 4-48B-1 through 4-48B-29
Section 4-48B-21: Ordinance authorizing revenue bonds.
4-48B-21. Ordinance authorizing revenue bonds.
At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Hospital Funding Act [Chapter 4, Article 48B NMSA 1978], the county commissioners may adopt an ordinance that:
A. declares the necessity for issuing revenue bonds;
B. authorizes the issuance of revenue bonds by an affirmative vote of a majority of the county commissioners of the county; and
C. designates the source of the pledge [pledged] revenues.
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