Neither the members of the board nor any person acting in its behalf, while acting within the scope of their authority, shall be subject to any personal liability resulting from carrying out any of the powers given in the Industrial and Agricultural Finance Authority Act.
History: Laws 1983, ch. 300, ยง 18.
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.