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2011 New Mexico Statutes
Chapter 6: Public Finances
Article 15: Finances of Counties, Municipalities and School Districts, 6-15-1 through 6-15-28
Section 6-15-15: Exchange for bonds to be refunded; sales.


NM Stat § 6-15-15 (1996 through 1st Sess 50th Legis) What's This?

6-15-15. Exchange for bonds to be refunded; sales.

All such refunding bonds may be exchanged dollar for dollar for the bonds to be refunded, or they may be sold as directed by the governing body, and the proceeds thereof shall be applied only to the purpose for which said refunding bonds were issued.

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