No issue of bonds shall be valid or binding on any school district unless prior to the issuance of the bonds the attorney general approves the bond issue as to form and legality. The written approval of the attorney general shall be made a part of the transcript of the proceedings in connection with each bond issue. The local school board of each school district proposing to issue bonds shall provide the attorney general with all information necessary for this consideration of the form and legality of the bond issue.
History: 1953 Comp., § 77-15-9, enacted by Laws 1967, ch. 16, § 236.
Cross references. — For preparation and disposition of transcripts of proceedings relating to bond issues, see 6-15-2 NMSA 1978.
Structure New Mexico Statutes
Article 18 - General Obligation Bonds of School Districts
Section 22-18-1 - General obligation bonds; authority to issue.
Section 22-18-2 - Bond elections; qualification of voters; calling for bond elections.
Section 22-18-4 - Bond elections; conduct.
Section 22-18-5 - Bond elections; ballots.
Section 22-18-7 - Authority to issue bonds.
Section 22-18-8 - Restriction on bond elections.
Section 22-18-9 - Approval of bond issue by attorney general.
Section 22-18-10 - Bond election contests.
Section 22-18-11 - General obligation bonds; issuance; sale.
Section 22-18-12 - Budgetary provisions; payment of principal and interest.
Section 22-18-13 - Timely payment of school district obligations.