Anticipation notes are not a general obligation of the state, but are payable solely out of anticipated revenues that have been pledged for their payment.
History: Laws 1997, ch. 111, ยง 15.
Structure 2021 New Mexico Statutes
Article 12A - Short-Term Cash Management
Section 6-12A-1 - Short title.
Section 6-12A-3 - Definitions.
Section 6-12A-4 - State treasurer certification.
Section 6-12A-5 - Anticipation notes; authorization; state board of finance approval.
Section 6-12A-6 - Source of repayment.
Section 6-12A-7 - Anticipation notes debt service fund created.
Section 6-12A-8 - Proceeds from anticipation notes; anticipation notes fund created; investment.
Section 6-12A-9 - Anticipation notes; legal investment; tax exemption.
Section 6-12A-11 - State treasurer; duty to make payments and keep records.
Section 6-12A-12 - Authority for issuance.
Section 6-12A-13 - Action to compel performance of officers.
Section 6-12A-14 - Anticipation notes exempt from taxation.
Section 6-12A-15 - Anticipation notes not a general obligation of the state.