2016 New Mexico Statutes
Chapter 22 - Public Schools
Article 19 - School Revenue Bonds
Section 22-19-4 - Bonds; mortgages.
22-19-4. Bonds; mortgages.
A. A local school board may issue bonds or other special obligations to finance the repayment of all money borrowed for an income project pursuant to the School Revenue Bond Act.
B. A local school board may execute a mortgage, deed of trust or a security agreement upon the income project to secure payment of any bonds or other special obligations issued pursuant to the School Revenue Bond Act.
History: 1953 Comp., 77-16-4, enacted by Laws 1967, ch. 16, 243.
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