There is a newer version of the New Mexico Statutes
2023
2021
2020
2019
2018
Other previous versions
View our newest version here

2013 New Mexico Statutes
Chapter 6 - Public Finances
Article 10 - Public Money
Section 6-10-33 - Interest limited to maximum permitted by federal law or regulation. (1987)


NM Stat § 6-10-33 (2013) What's This?

6-10-33. Interest limited to maximum permitted by federal law or regulation. (1987) 
No deposit of public funds shall bear interest where any bank, savings and loan association or credit union is precluded from paying interest on the deposit by federal law or the regulations of any agency or instrumentality of the United States, and no deposit of public funds shall bear a greater interest rate than banks, savings and loan associations or credit unions are authorized to pay under such federal laws or regulations.   
  History: 1953 Comp., § 11-2-30, enacted by Laws 1975, ch. 157, § 5; 1981, ch. 332, § 12; 1987, ch. 79, § 12. 

Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.