All bonds issued prior to the effective date of this section by any board of regents under authority of any law, and the proceedings for authorization and issuance of the bonds and the pledges made for their payment, are validated, ratified and confirmed. All such bonds and proceedings are declared fully valid, effective and enforceable in accordance with their terms.
History: 1953 Comp., § 73-29-14.5, enacted by Laws 1963, ch. 297, § 5.
Structure New Mexico Statutes
Article 17 - Finances of State Educational Institutions
Section 6-17-1 - Income-producing buildings and improvements; authority to borrow funds.
Section 6-17-1.1 - Definitions.
Section 6-17-2 - Resolution for issuance of bonds for income-producing projects.
Section 6-17-3 - Conditions of income-producing project bonds.
Section 6-17-4 - Determination of charges relating to income-producing projects.
Section 6-17-5 - Determination of charges relating to income-producing projects.
Section 6-17-8 - Records and expenditures for income-producing projects.
Section 6-17-10 - [Tax exemption of income-producing project bonds.]
Section 6-17-11 - Security for income-producing bonds; rules and regulations.
Section 6-17-12 - Debt against state not to be created by income-producing project bonds.
Section 6-17-13 - [Institutional bond statutes not affected by income-producing bond law.]
Section 6-17-14 - Pledge of additional revenue.
Section 6-17-15 - Refunding bonds; convertibility.
Section 6-17-16 - [Validation.]
Section 6-17-17 - Refunding bonds.