A public body, or the state, after having adopted a resolution or ordinance authorizing the issuance of public securities, shall publish notice of the adoption of such resolution once in a newspaper of general circulation within the political subdivision, or in the case of the state, of general statewide circulation. Compliance with the Municipal Code [Chapter 3 NMSA 1978, except Article 66] requirements for the publication of ordinances shall constitute compliance by municipalities of the requirements of the Public Securities Limitation of Action Act [6-14-4 to 6-14-7 NMSA 1978].
History: 1953 Comp., § 11-11-3, enacted by Laws 1975, ch. 350, § 3.
Cross references. — For publication of ordinances, see 3-17-3 and 3-17-5 NMSA 1978.
Structure 2021 New Mexico Statutes
Article 14 - Public Securities
Section 6-14-3 - Public securities; price.
Section 6-14-6 - Publication of notice after adoption of resolution or ordinance.
Section 6-14-7 - Validation; limitation of action.
Section 6-14-10 - Form; payment; registrar; transfer; authentication of public securities; records.
Section 6-14-10.1 - Investment of proceeds; compliance with Internal Revenue Code of 1986.
Section 6-14-10.2 - Delegation of authority by public body; authorizing instrument.