There is a newer version
of
this Section
2017 New Mexico Statutes
Chapter 73 - Special Districts
Article 25 - Regional Transit District
Section 73-25-10 - Investments.
Universal Citation: NM Stat § 73-25-10 (2017)
73-25-10. Investments.
A board may invest or deposit funds in accordance with the prudent investor rule set forth in the Uniform Prudent Investor Act [45-7-601 through 45-7-612 NMSA 1978]. The board may employ investment management services to invest the funds and may pay reasonable compensation for investment management services from the assets of the applicable funds. The board shall keep accurate and complete records and accounts concerning the investment portfolio.
History: Laws 2003, ch. 65, 10.
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.
