The public body may, with respect to any bonds issued pursuant to the Public Securities Short-Term Interest Rate Act, enter into trust agreements for the better security of such bonds with any corporate trustee and provide therein for the rights and limitations on rights of the holders and owners of bonds.
History: Laws 1983, ch. 161, ยง 9.
Structure 2021 New Mexico Statutes
Article 18 - Public Securities Short-Term Interest Rates
Section 6-18-2 - Findings and declarations of necessity.
Section 6-18-3 - Legislative intent.
Section 6-18-5 - Applicability.
Section 6-18-6 - Short-term bonds.
Section 6-18-7 - Variable rate demand bonds.
Section 6-18-8 - Credit facilities.
Section 6-18-8.1 - Contracts to exchange interest rates, cash flows or limit exposure.
Section 6-18-9 - Trust agreements.
Section 6-18-10 - General provisions.
Section 6-18-12 - Provisions for interest payments; tax levy.
Section 6-18-13 - Finding of necessity by local governments.
Section 6-18-14 - Interest; refunding; approval by local government; additional findings.
Section 6-18-15 - Liberal construction; alternative authority.