A. Enhanced 911 bonds or refunding bonds issued as authorized by the Enhanced 911 Bond Act [63-9D-12 to 63-9D-20 NMSA 1978] are:
(1) not general obligations of the state; and
(2) collectible only from the proper pledged revenues, and each bond shall state that it is payable solely from the pledged revenues, and that the bondholders may not look to any other state fund for the payment of the interest and principal of the bonds.
B. The bonds and coupons shall be signed and sealed as provided by the resolution of the board issuing the bond, and the Uniform Facsimile Signature of Public Officials Act [6-9-1 to 6-9-6 NMSA 1978] shall be applicable.
History: Laws 1990, ch. 61, ยง 8.
Structure New Mexico Statutes
Chapter 63 - Railroads and Communications
Section 63-9D-1 - Short title.
Section 63-9D-2 - Findings and purpose.
Section 63-9D-3 - Definitions.
Section 63-9D-5 - Imposition of surcharge.
Section 63-9D-7 - Remittance of charges; administrative fee.
Section 63-9D-8 - Enhanced 911 fund; creation; administration; disbursement; reports to legislature.
Section 63-9D-8.1 - Division powers.
Section 63-9D-11 - Private listing subscribers and 911 service.
Section 63-9D-11.1 - Violation; penalties.
Section 63-9D-12 - Short title.
Section 63-9D-13 - Definitions.
Section 63-9D-15 - Use of proceeds of bond issue.
Section 63-9D-16 - Enhanced 911 bonds; terms.
Section 63-9D-17 - Bond authorization.
Section 63-9D-18 - Authority to refund bonds.
Section 63-9D-19 - Enhanced 911 bonds not general obligations; authentication.