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2020 New Mexico Statutes
Chapter 73 - Special Districts
Article 25 - Regional Transit District
Section 73-25-10 - Investments.
Universal Citation: NM Stat § 73-25-10 (2020)
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 to 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.
ANNOTATIONSEffective dates. — Laws 2003, ch. 65, contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 20, 2003, 90 days after adjournment of the legislature.
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