There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 22 - Public Schools
Article 19B - School District Board Anticipation Notes
Section 22-19B-3 - Definitions. (2002)
NM Stat § 22-19B-3 (2013) What's This?
22-19B-3. Definitions. (2002)
As used in the School District Bond Anticipation Notes Act:
A. "bond anticipation note" means a security evidencing an obligation of the school district that precedes the issuance of general obligation bonds; and
B. "general obligation bond" means indebtedness issued by a school district that constitutes a debt for the purpose of Article 9, Section 11 of the constitution of New Mexico.
History: Laws 2002, ch. 54, § 3.
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