A local school board may borrow money to finance income projects of the school district pursuant to the School Revenue Bond Act.
History: 1953 Comp., § 77-16-3, enacted by Laws 1967, ch. 16, § 242.
Structure 2021 New Mexico Statutes
Article 19 - School Revenue Bonds
Section 22-19-1 - Short title.
Section 22-19-2 - Definitions.
Section 22-19-3 - Income projects.
Section 22-19-4 - Bonds; mortgages.
Section 22-19-5 - Determination by local school board.
Section 22-19-6 - Report to state board [department].
Section 22-19-7 - State board [department] approval; determination by state board.
Section 22-19-8 - Records; restriction on use of income.
Section 22-19-9 - Bonds; pledge of income; satisfaction of indebtedness.
Section 22-19-10 - Proceeds of bond sales; retirement fund.
Section 22-19-11 - Bonds; form; requirements.
Section 22-19-12 - Pledge of additional revenue.
Section 22-19-13 - Refunding bonds.
Section 22-19-14 - Refunding bonds; issuance; sale; proceeds.