The Statewide Economic Development Finance Act shall be deemed to provide an additional and alternative method for the accomplishment of the things authorized by that act, shall be interpreted as supplemental and additional to the powers conferred by other laws and shall not be regarded as in derogation of any powers now existing; provided that the issuance of bonds pursuant to the provisions of the Statewide Economic Development Finance Act need not comply with the requirement of any other law applicable to the issuance of bonds or notes.
History: Laws 2003, ch. 349, § 15.
Effective dates. — Laws 2003, ch. 349 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, is effective June 20, 2003, 90 days after adjournment of the legislature.
Structure 2021 New Mexico Statutes
Article 25 - Statewide Economic Development
Section 6-25-2 - Findings and purpose.
Section 6-25-4 - Economic development department; additional powers.
Section 6-25-6 - New Mexico finance authority; additional powers and duties.
Section 6-25-7 - Project revenue bonds.
Section 6-25-8 - Leases of projects.
Section 6-25-9 - Project revenue refunding bonds.
Section 6-25-10 - Use of project revenue bond proceeds.
Section 6-25-11 - Project revenue bonds legal investments.
Section 6-25-13 - Economic development revolving fund.
Section 6-25-14 - Tax impact fund.
Section 6-25-15 - Cumulative authority.
Section 6-25-16 - Liberal interpretation.
Section 6-25-17 - Economic development revolving fund bonds of the authority; use; security.
Section 6-25-19 - Economic development revolving fund bonds secured by trust indenture.
Section 6-25-20 - Publication of notice; validation; limitation of action.
Section 6-25-21 - Refunding bonds.
Section 6-25-22 - Economic development revolving fund and project revenue bond anticipation notes.
Section 6-25-24 - Agreement of the state.
Section 6-25-25 - Economic development revolving fund bonds; legal investments.
Section 6-25-26 - Tax exemption.
Section 6-25-27 - Proprietary information; confidentiality; penalty.
Section 6-25-28 - Application of other laws.
Section 6-25-29 - Temporary provision; fund name change; outstanding bonds; fund balances.