There is a newer version
of
this Section
2017 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 18 - Renewable Energy Financing District Act
Section 5-18-13 - Dissolution of district.
Universal Citation: NM Stat § 5-18-13 (2017)
5-18-13. Dissolution of district.
The district may be dissolved by the district board by a resolution of the district board upon a determination that the district has no outstanding bond obligations. The district shall not be dissolved if any bonds of the district remain outstanding unless an amount of money sufficient, together with investment income thereon, to make all payments due on the bonds either at maturity or prior redemption has been deposited with a trustee or escrow agent and pledged to the payment and redemption of the bonds. The district may continue to operate after dissolution only as needed to collect money and make payments on any outstanding bonds.
History: Laws 2009, ch. 180, 13.
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.
