No action or proceeding, at law or in equity, to review any bond legislation, or to question the validity or enjoin the performance of any bond legislation, bond or act, or the issuance of any bond authorized by the Public Securities Short-Term Interest Rate Act, or for any other relief against the public body, the owners or holders of bonds or any party to any bond legislation, or against any acts or proceedings done or had under that act, whether based upon irregularities or jurisdictional defects, shall be maintained, unless commenced within thirty days after the initial authorization by the governing body of the bonds, or else be thereafter perpetually barred.
History: Laws 1983, ch. 161, ยง 16.
Structure New Mexico Statutes
Article 18 - Public Securities Short-Term Interest Rates
Section 6-18-2 - Findings and declarations of necessity.
Section 6-18-3 - Legislative intent.
Section 6-18-5 - Applicability.
Section 6-18-6 - Short-term bonds.
Section 6-18-7 - Variable rate demand bonds.
Section 6-18-8 - Credit facilities.
Section 6-18-8.1 - Contracts to exchange interest rates, cash flows or limit exposure.
Section 6-18-9 - Trust agreements.
Section 6-18-10 - General provisions.
Section 6-18-12 - Provisions for interest payments; tax levy.
Section 6-18-13 - Finding of necessity by local governments.
Section 6-18-14 - Interest; refunding; approval by local government; additional findings.
Section 6-18-15 - Liberal construction; alternative authority.