Anticipation notes issued by the state treasurer pursuant to the Short-Term Cash Management Act are legal and authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees and guardians and for the sinking funds of political subdivisions, departments, institutions and agencies of the state. Anticipation notes are sufficient security for all deposits of state funds and of all funds of any board in control of public money at the par value of the anticipation notes.
History: Laws 1997, ch. 111, ยง 9.
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.