There is a newer version
of
this Section
2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 12A - Short-Term Cash Management
Section 6-12A-9 - Anticipation notes; legal investment; tax exemption.
Universal Citation: NM Stat § 6-12A-9 (2019)
Anticipation notes issued by the state treasurer pursuant to the Short-Term Cash Management Act are legal and authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees and guardians and for the sinking funds of political subdivisions, departments, institutions and agencies of the state. Anticipation notes are sufficient security for all deposits of state funds and of all funds of any board in control of public money at the par value of the anticipation notes.
History: Laws 1997, ch. 111, ยง 9.
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.
