The issuer, or any trustee or custodian on behalf of the issuer, may invest any funds held by it as provided in the ordinance authorizing the issuance of the bonds or a trust indenture executed pursuant thereto.
History: Laws 1979, ch. 381, ยง 10.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 18A - Municipal Mortgage Finance
Section 58-18A-1 - Short title.
Section 58-18A-2 - Finding and declaration of necessity.
Section 58-18A-3 - Definitions.
Section 58-18A-5 - Agreement establishing area of operation of issuer.
Section 58-18A-7 - Provisions of bonds and trust indentures.
Section 58-18A-8 - Residential mortgage revenue bonds; legal investments; security; negotiability.
Section 58-18A-9 - Power supplemental.
Section 58-18A-10 - Investment of funds.