New Mexico § 3-51-32 Power to issue bonds

New Mexico Statutes

§ 3-51-32 — Power to issue bonds

New Mexico § 3-51-32

Ch. 3Municipalities

Art. 51Greater Municipality Parking

This text of New Mexico § 3-51-32 (Power to issue bonds) 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. § 3-51-32 (2026).

Text

A. A city shall have power to issue bonds from time to time, in its discretion for the purpose of financing, in whole or in part, the cost of any project. B. A city shall also have the power to issue refunding bonds from time to time for the purpose of refunding, paying and retiring:

(1)any bonds issued by it pursuant to the Greater Municipality Parking Law or pursuant to Laws 1963, Chapter 313, as amended and supplemented;

(2)any bonds authorized for parking facilities and payable from the revenues of any parking facilities;

(3)any bonds authorized for parking facilities and payable from any parking meter revenues;

(4)any sales tax revenue bonds authorized for the purpose of any public building to be used for parking facilities and pursuant to Section 3-31-1C NMSA 1978;

(5)any gasoli

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A. A city shall have power to issue bonds from time to time, in its discretion for the purpose of financing, in whole or in part, the cost of any project. B. A city shall also have the power to issue refunding bonds from time to time for the purpose of refunding, paying and retiring: (1) any bonds issued by it pursuant to the Greater Municipality Parking Law or pursuant to Laws 1963, Chapter 313, as amended and supplemented; (2) any bonds authorized for parking facilities and payable from the revenues of any parking facilities; (3) any bonds authorized for parking facilities and payable from any parking meter revenues; (4) any sales tax revenue bonds authorized for the purpose of any public building to be used for parking facilities and pursuant to Section 3-31-1C NMSA 1978; (5) any gasoline tax revenue bonds authorized for the purpose of any public building to be used for parking facilities and pursuant to Section 3-31-1D NMSA 1978 [3-31-1E NMSA 1978]; (6) any bonds authorized for parking facilities and payable from any combination of the income and revenue pledged to the bonds described in Paragraphs (1) through (5) of this Subsection B; or (7) any bonds which have refunded the bonds described in Paragraphs (1) through (6) of this Subsection B. C. A city shall also have the power to issue bonds for any combination of the purposes described in this section.