There is a newer version of the New Mexico Statutes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-4 - Issuance of bond anticipation notes. (2002)
NM Stat § 22-19B-4 (2013) What's This?
22-19B-4. Issuance of bond anticipation notes. (2002)
A. A school district may issue bond anticipation notes for any purpose for which general obligation bonds are authorized to be issued.
B. The principal amount of bond anticipation notes shall be payable solely from the proceeds of the general obligation bonds for which the bond anticipation notes are issued and shall not be considered debt of the school district for purposes of Article 9, Section 11 of the constitution of New Mexico.
History: Laws 2002, ch. 54, § 4.
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