2015 New Mexico Statutes
Chapter 4 - Counties
Section 48B Hospital Funding
Section 4-48B-21 Ordinance authorizing revenue bonds.
4-48B-21. Ordinance authorizing revenue bonds.
At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Hospital Funding Act, the county commissioners 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 county commissioners of the county; and
C. designates the source of the pledge [pledged] revenues.
History: 1978 Comp., 4-48B-21, enacted by Laws 1981, ch. 83, 21.
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