If a majority of those persons voting on a question submitted to the voters in a bond election vote for creating a debt by issuing general obligation bonds, the local school board may, subject to the approval of the attorney general, proceed to issue the bonds.
History: 1953 Comp., § 77-15-7, enacted by Laws 1967, ch. 16, § 234.
Structure 2021 New Mexico Statutes
Article 18 - General Obligation Bonds of School Districts
Section 22-18-1 - General obligation bonds; authority to issue.
Section 22-18-2 - Bond elections; qualification of voters; calling for bond elections.
Section 22-18-4 - Bond elections; conduct.
Section 22-18-5 - Bond elections; ballots.
Section 22-18-7 - Authority to issue bonds.
Section 22-18-8 - Restriction on bond elections.
Section 22-18-9 - Approval of bond issue by attorney general.
Section 22-18-10 - Bond election contests.
Section 22-18-11 - General obligation bonds; issuance; sale.
Section 22-18-12 - Budgetary provisions; payment of principal and interest.
Section 22-18-13 - Timely payment of school district obligations.