The bonds and notes of the authority are hereby made securities in which all insurance companies and associations and other persons carrying on insurance business, all banks, bank and trust companies, trust companies, private banks, savings banks, savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state may properly and legally invest funds including capital in their control or belonging to them.
History: Laws 1983, ch. 300, ยง 16.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 24 - Industrial and Agricultural Finance Authority
Section 58-24-1 - Short title.
Section 58-24-2 - Legislative findings; declaration of purpose.
Section 58-24-3 - Definitions.
Section 58-24-4 - Authority created; directors; quorum; conflicts; compensation.
Section 58-24-5 - Powers of the authority.
Section 58-24-6 - Authority; loans.
Section 58-24-7 - Combining loans; advising sponsors and municipalities.
Section 58-24-8 - Rules and regulations of the board.
Section 58-24-9 - Required determinations of the authority.
Section 58-24-10 - Planning, zoning and building laws.
Section 58-24-11 - Bonds and notes of the authority.
Section 58-24-12 - Notice; public hearing; approval.
Section 58-24-13 - Remedies of bondholders and noteholders.
Section 58-24-14 - State, county and municipalities not liable on bonds and notes.
Section 58-24-15 - Agreement of the state.
Section 58-24-16 - Bonds and notes; legal investments for public officers and fiduciaries.
Section 58-24-17 - Tax exemption.
Section 58-24-18 - Limitation of liability.
Section 58-24-19 - Assistance by state officers and agencies.
Section 58-24-20 - Court proceedings; preference; venue.
Section 58-24-21 - Corporate existence.
Section 58-24-22 - Conflicts of interest.