New Mexico § 19-12-11 [State investment officer may purchase state land office

New Mexico Statutes

§ 19-12-11 — [State investment officer may purchase state land office

New Mexico § 19-12-11

Ch. 19Public Lands

Art. 12Land Office Building

This text of New Mexico § 19-12-11 ([State investment officer may purchase state land office) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 19-12-11 (2026).

Text

debentures; approval; private sale; interest rates.] Any debentures authorized by the Land Office Building Act [19-12-1 to 19-12-13 NMSA 1978] may be purchased by the state investment officer as an investment for the permanent funds in his hands, with the approval of the officials whose approval is required by the constitution for the investment of permanent funds. The purchase by the state investment officer may be made at private sale without the necessity of advertising and at interest rates not to exceed the per annum rate prescribed by law.

Free access — add to your briefcase to read the full text and ask questions with AI

debentures; approval; private sale; interest rates.] Any debentures authorized by the Land Office Building Act [19-12-1 to 19-12-13 NMSA 1978] may be purchased by the state investment officer as an investment for the permanent funds in his hands, with the approval of the officials whose approval is required by the constitution for the investment of permanent funds. The purchase by the state investment officer may be made at private sale without the necessity of advertising and at interest rates not to exceed the per annum rate prescribed by law.