There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 72: Water Law
Article 18: Flood Control Districts, 72-18-1 through 72-18-70
Section 72-18-49: Issuance of interim debentures.
NM Stat § 72-18-49 (1996 through 1st Sess 50th Legis) What's This?
72-18-49. Issuance of interim debentures.
A district is authorized to borrow money and to issue interim debentures evidencing construction or short-term loans for the acquisition or improvement and equipment of the flood control system or any project in supplementation of long-term financing and the issuance of bonds, as provided in Sections 62 through 65 [72-18-62 to 72-18-65 NMSA 1978] of the Flood Control District Act.
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