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2019 New Mexico Statutes
Chapter 22 - Public Schools
Article 26A - Public School Lease Purchase Act
Section 22-26A-16 - Legal investments for public officers and fiduciaries.
Universal Citation: NM Stat § 22-26A-16 (2019)
Lease purchase arrangements entered into under the authority of the Public School Lease Purchase Act, including certificates of participation and other partial interests in such lease purchase arrangements, shall be legal investments in which all insurance companies, banks and savings and loan associations organized under the laws of the state, public officers and public bodies and all administrators, guardians, executors, trustees and other fiduciaries may properly and legally invest funds.
History: Laws 2007, ch. 173, § 16; 2009, ch. 132, § 12.
ANNOTATIONSThe 2009 amendment, effective June 19, 2009, after "Purchase Act", added "including certificates of participation and other partial interests in such lease purchase arrangements".
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