Principal of and interest on anticipation notes shall be payable solely from that portion of anticipated revenue pledged for that purpose and collected by the state for credit to the general fund in the fiscal year in which the anticipation notes are issued.
History: Laws 1997, ch. 111, ยง 6.
Structure New Mexico Statutes
Article 12A - Short-Term Cash Management
Section 6-12A-1 - Short title.
Section 6-12A-3 - Definitions.
Section 6-12A-4 - State treasurer certification.
Section 6-12A-5 - Anticipation notes; authorization; state board of finance approval.
Section 6-12A-6 - Source of repayment.
Section 6-12A-7 - Anticipation notes debt service fund created.
Section 6-12A-8 - Proceeds from anticipation notes; anticipation notes fund created; investment.
Section 6-12A-9 - Anticipation notes; legal investment; tax exemption.
Section 6-12A-11 - State treasurer; duty to make payments and keep records.
Section 6-12A-12 - Authority for issuance.
Section 6-12A-13 - Action to compel performance of officers.
Section 6-12A-14 - Anticipation notes exempt from taxation.
Section 6-12A-15 - Anticipation notes not a general obligation of the state.