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2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 19 - Economic Advancement Districts
Section 6-19-14 - Security for revenue bonds.
Universal Citation: NM Stat § 6-19-14 (2019)
The principal or interest on any revenue bonds issued under authority of the Economic Advancement District Act shall be secured by a pledge of the revenues out of which such bonds shall be made payable, may be secured by a mortgage covering all or any part of the project from the revenues so pledged and may be derived and may be secured by a pledge of the lease of the project.
History: Laws 1987, ch. 115, ยง 14.
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