2021 New Mexico Statutes
Chapter 6 - Public Finances
Article 18 - Public Securities Short-Term Interest Rates

Section 6-18-1 - Short title. - This act [6-18-1 to 6-18-16 NMSA 1978] may be cited...

Section 6-18-2 - Findings and declarations of necessity. - A. It is found and declared that there exists a...

Section 6-18-3 - Legislative intent. - A. It is the intent of the legislature by the...

Section 6-18-4 - Definitions. - As used in the Public Securities Short-Term Interest Rate Act,...

Section 6-18-5 - Applicability. - Every public body authorized to issue any bonds under any...

Section 6-18-6 - Short-term bonds. - A public body may authorize short-term bonds, including short-term general...

Section 6-18-7 - Variable rate demand bonds. - A public body may issue bonds, including variable rate demand...

Section 6-18-8 - Credit facilities. - With respect to any bonds issued under the provisions of...

Section 6-18-8.1 - Contracts to exchange interest rates, cash flows or limit exposure. - A. A public body that has issued or proposes to...

Section 6-18-9 - Trust agreements. - The public body may, with respect to any bonds issued...

Section 6-18-10 - General provisions. - A. The bond legislation for any bonds authorized under the...

Section 6-18-11 - Costs. - The public body may pay the fees and expenses of,...

Section 6-18-12 - Provisions for interest payments; tax levy. - A. Subject to any applicable limitations on indebtedness, with respect...

Section 6-18-13 - Finding of necessity by local governments. - No public body shall exercise any of the powers conferred...

Section 6-18-14 - Interest; refunding; approval by local government; additional findings. - Bonds issued under the Public Securities Short-Term Interest Rate Act...

Section 6-18-15 - Liberal construction; alternative authority. - The authority granted by the Public Securities Short-Term Interest Rate...

Section 6-18-16 - No action maintainable. - No action or proceeding, at law or in equity, to...