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    • Legislation USA
    • 2021 New Mexico Statutes
    • Chapter 4 - Counties
    • Article 59 - County Industrial Revenue Bonds
    • Section 4-59-11 - Bonds made legal investments.

    2021 New Mexico Statutes
    Article 59 - County Industrial Revenue Bonds
    Section 4-59-11 - Bonds made legal investments.

    Bonds issued under the provisions of the County Industrial Revenue Bond Act shall be legal investments for savings banks and insurance companies organized under the laws of this state.
    History: 1953 Comp., § 15-60-11, enacted by Laws 1975, ch. 286, § 11.

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    Structure 2021 New Mexico Statutes

    2021 New Mexico Statutes

    Chapter 4 - Counties

    Article 59 - County Industrial Revenue Bonds

    Section 4-59-1 - Short title.

    Section 4-59-2 - Definitions.

    Section 4-59-3 - Legislative intent.

    Section 4-59-4 - Additional powers conferred on counties.

    Section 4-59-4.1 - Notice.

    Section 4-59-4.2 - Electric transmission projects; payments to the state.

    Section 4-59-5 - Bonds issued to finance projects.

    Section 4-59-6 - Security for bonds.

    Section 4-59-7 - Requirements respecting lease.

    Section 4-59-8 - Refunding bonds.

    Section 4-59-9 - Use of proceeds from sale of bonds.

    Section 4-59-9.1 - Procedure for issuing industrial revenue bonds or refunding bonds.

    Section 4-59-10 - No contribution by county.

    Section 4-59-11 - Bonds made legal investments.

    Section 4-59-12 - Exemption from taxation.

    Section 4-59-13 - Construction of act.

    Section 4-59-14 - No notice or publication required.

    Section 4-59-15 - State board of finance.

    Section 4-59-16 - Liberal interpretation.

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