New Mexico Statutes

§ 5-15-28 — Bond term expiration

New Mexico·Ch. 5 Municipalities and Counties·Art. 15 Tax Increment for Development
The terms of bonds issued pursuant to the Tax Increment for Development Act for a district, including refunding bonds, shall expire not more than twenty-five years after the date that the first bonds are issued for that district.

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Legislative History

Laws 2006, ch. 75, § 28.

Nearby Sections

15
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