Energy transition bonds shall be legal investments for all governmental units, permanent funds of the state, finance authorities, financial institutions, insurance companies, fiduciaries and other persons requiring statutory authority regarding legal investments.
History: Laws 2019, ch. 65, § 18.
Effective dates. — Laws 2019, ch. 65 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 14, 2019, 90 days after the adjournment of the legislature.
Structure New Mexico Statutes
Chapter 62 - Electric, Gas and Water Utilities
Article 18 - Energy Transition
Section 62-18-1 - Short title.
Section 62-18-2 - Definitions.
Section 62-18-3 - Location of resource development after abandonment.
Section 62-18-4 - Financing order; application contents; pending applications.
Section 62-18-7 - Financing order; irrevocability; amendments.
Section 62-18-8 - Aggrieved parties; request for rehearing; judicial review.
Section 62-18-10 - Qualifying utility duties.
Section 62-18-11 - Commission treatment of energy transition bonds.
Section 62-18-12 - Energy transition property; energy transition revenues.
Section 62-18-15 - Fee assessments.
Section 62-18-17 - Energy transition bonds not public debt.
Section 62-18-18 - Energy transition bonds as legal investments.
Section 62-18-19 - State pledge not to impair.
Section 62-18-20 - Choice of law.