There is a newer version
of
this Section
2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 21 - Finance Authority
Section 6-21-5.1 - Bonds for county correctional facility loans.
Universal Citation: NM Stat § 6-21-5.1 (2019)
The authority may issue bonds for a county to design, construct, equip, furnish and otherwise improve a county correctional facility pursuant to the County Correctional Facility Gross Receipts Tax Act only after a majority of the qualified electors of the county has voted to allow the county to impose a county correctional facility gross receipts tax in the amount needed to repay bonds issued by the authority for the purpose of designing, constructing, equipping, furnishing and otherwise improving a county correctional facility.
History: Laws 1998, ch. 65, § 1; 2019, ch. 212, § 208.
ANNOTATIONSThe 2019 amendment, effective April 3, 2019, deleted "registered" preceding "qualified electors".
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.
