New Mexico Statutes
Article 18 - Mortgage Finance Authority
Section 58-18-15 - State and municipalities not liable on bonds and notes.

The bonds, notes and other obligations of the authority shall not be a debt of the state or of any municipality, and neither the state nor any municipality shall be liable thereon.
History: 1953 Comp., § 13-19-15, enacted by Laws 1975, ch. 303, § 15.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 58 - Financial Institutions and Regulations

Article 18 - Mortgage Finance Authority

Section 58-18-1 - Short title.

Section 58-18-2 - Legislative findings; declaration of purpose.

Section 58-18-2.1 - Multiple-family, transitional and congregate dwellings; supplemental legislative findings and purpose.

Section 58-18-3 - Definitions.

Section 58-18-3.1 - Additional definitions; multiple-family dwellings, transitional and congregate housing facilities.

Section 58-18-3.2 - Secondary mortgage funds; additional definitions.

Section 58-18-4 - Authority created.

Section 58-18-5 - Powers of the authority.

Section 58-18-5.1 - Recompiled.

Section 58-18-5.2 - Authority duties.

Section 58-18-5.3 - Authority; multiple-family dwellings, transitional and congregate housing facilities.

Section 58-18-5.4 - Duties of authority; multiple-family dwellings, transitional and congregate housing facilities.

Section 58-18-5.5 - Additional powers of authority; authority designated as single state housing authority; application for and receipt of federal funds; administration of housing programs.

Section 58-18-5.6 - Duties; behavioral health.

Section 58-18-6 - Loans to mortgage lenders.

Section 58-18-7 - Purchase of mortgage loans.

Section 58-18-7.1 - Sale of project mortgage loans.

Section 58-18-7.2 - Secondary market facility; findings and purposes; establishment.

Section 58-18-7.3 - Rehabilitation loans and home improvement loans.

Section 58-18-8 - Rules and regulations of the authority.

Section 58-18-8.1 - Rules and regulations of the authority; multiple-family dwellings, transitional and congregate housing facilities.

Section 58-18-8.2 - Rules and regulations of the authority; secondary market facility.

Section 58-18-8.3 - Rules and regulations of the authority; home improvement loan program.

Section 58-18-9 - Required determinations of the authority.

Section 58-18-9.1 - Repealed.

Section 58-18-10 - Planning, zoning and building laws.

Section 58-18-11 - Bonds and notes of the authority.

Section 58-18-11.1 to 58-18-11.5 - Repealed.

Section 58-18-12 - Reserve funds.

Section 58-18-13 - Notice or publication not required.

Section 58-18-14 - Remedies of bondholders and noteholders.

Section 58-18-14.1 - Project mortgage loans; enforcement of agreement.

Section 58-18-15 - State and municipalities not liable on bonds and notes.

Section 58-18-16 - Agreement of the state.

Section 58-18-17 - Bonds, notes and other obligations; legal investments for public officers and fiduciaries.

Section 58-18-18 - Tax exemption.

Section 58-18-19 - No contribution by state or municipality.

Section 58-18-20 - Money of the authority.

Section 58-18-21 - Limitation of liability.

Section 58-18-22 - Assistance by state officers and agencies.

Section 58-18-23 - Court proceedings; preference; venue.

Section 58-18-24 - Corporate existence.

Section 58-18-25 - Conflicts of interest; penalty.

Section 58-18-26 - Cumulative authority.

Section 58-18-27 - Liberal interpretation.