Any action or proceeding to which the authority or the people of the state may be a party in which any question arises as to the validity of the Industrial and Agricultural Finance Authority Act shall be preferred over all other civil cases in all courts of the state and shall be heard and determined in preference to all other civil business pending therein irrespective of position on the calendar. The same preference shall be granted upon application of counsel to the authority in any action or proceeding questioning the validity of the Industrial and Agricultural Finance Authority Act in which he may be allowed to intervene. The venue of any such action or proceeding or any other action or proceeding against the authority shall be laid in the county in which the principal office of the authority is located.
History: Laws 1983, ch. 300, ยง 20.
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.