There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 7 - Taxation
Article 20C - Local Hospital Gross Receipts Tax
Section 7-20C-10 - Ordinance authorizing revenue bonds. (1991)
NM Stat § 7-20C-10 (2013) What's This?
7-20C-10. Ordinance authorizing revenue bonds. (1991)
At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Local Hospital Gross Receipts Tax Act [7-20C-1 NMSA 1978], the governing body may adopt an ordinance that:
A. declares the necessity for issuing revenue bonds;
B. authorizes the issuance of revenue bonds by an affirmative vote of a majority of the governing body; and
C. designates the source of the pledged revenues.
History: Laws 1991, ch. 176, § 10.
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