New Mexico Statutes
§ 22-19B-4 — Issuance of bond anticipation notes
A.A school district may issue bond anticipation notes for any purpose for which general obligation bonds are authorized to be issued.
B.The principal amount of bond anticipation notes shall be payable solely from the proceeds of the general obligation bonds for which the bond anticipation notes are issued and shall not be considered debt of the school district for purposes of Article 9, Section 11 of the constitution of New Mexico.
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Legislative History
Laws 2002, ch. 54, § 4.
Nearby Sections
15
§ 22-1-1
Public School Code§ 22-1-1.1
Legislative findings and purpose§ 22-1-1.2
Legislative findings and purpose§ 22-1-11
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Parental guidance for water safety§ 22-1-2
Definitions§ 22-1-2.1
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