The School District Bond Anticipation Notes Act is an additional and alternative method for obtaining funding for capital projects by a school district and constitutes full authority for the exercise of powers granted to a local school board by that act. Powers conferred by the School District Bond Anticipation Notes Act are supplemental and additional to powers conferred by other laws of the state, without reference to such other laws of the state.
History: Laws 2002, ch. 54, § 8.
Emergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
Structure New Mexico Statutes
Article 19B - School District Bond Anticipation Notes
Section 22-19B-1 - Short title.
Section 22-19B-3 - Definitions.
Section 22-19B-4 - Issuance of bond anticipation notes.
Section 22-19B-5 - Bond anticipation note details.
Section 22-19B-6 - Limitations on issuance of bond anticipation notes.
Section 22-19B-7 - Publication of notice; validation; limitation of action.