Bonds issued under the provisions of the County Pollution Control Revenue Bond Act shall be legal investments for savings banks and insurance companies organized under the laws of this state and shall be eligible for pledging as collateral for public deposits.
History: 1978 Comp., § 4-60-11, enacted by Laws 1978, ch. 181, § 11.
Structure New Mexico Statutes
Article 60 - County Pollution Control Revenue Bonds
Section 4-60-3 - Legislative intent.
Section 4-60-4 - Additional powers conferred on counties.
Section 4-60-5 - Bonds issued to finance projects.
Section 4-60-6 - Security for bonds.
Section 4-60-7 - Requirements respecting lease or agreement of sale.
Section 4-60-8 - Refunding bonds.
Section 4-60-9 - Use of proceeds from sale of bonds.
Section 4-60-10 - No contribution by county.
Section 4-60-11 - Bonds made legal investments.
Section 4-60-12 - Exemption from taxation.
Section 4-60-13 - Proceedings for issuance and sale of bonds; no notice or publication required.