A. At any regular or special meeting called for the purpose of issuing refunding revenue bonds, the governing body by a majority vote of all the members of the governing body may adopt an ordinance authorizing the issuance of the refunding revenue bonds.
B. At any regular or special meeting called for the purpose of issuing and selling refunding revenue bonds to the New Mexico finance authority, the governing body by an affirmative vote of a majority of all the members of the governing body may adopt a resolution authorizing issuance and sale of the refunding revenue bonds to the New Mexico finance authority pursuant to Subsection C of Section 4-62-4 NMSA 1978.
History: 1978 Comp., § 4-62-10, enacted by Laws 1992, ch. 95, § 10; 1995, ch. 141, § 13.
The 1995 amendment, effective April 5, 1995, designated the existing language as Subsection A and added Subsection B.
Structure 2021 New Mexico Statutes
Section 4-62-1.1 - Definitions.
Section 4-62-2 - Use of proceeds of bond issue.
Section 4-62-3 - Revenue bonds; terms.
Section 4-62-3.1 - Exemption from taxation.
Section 4-62-5 - Revenue bonds not general county obligations; authentication.
Section 4-62-7 - Revenue bonds; refunding authorization.
Section 4-62-8 - Refunding bonds; escrow; detail.
Section 4-62-9 - Refunding revenue bonds; terms.
Section 4-62-10 - Refunding revenue bonds; ordinance; resolution.