New Mexico Statutes
§ 5-5-23 — Revenue bond charges
Whenever revenue bonds are issued hereunder, it shall be the duty of the governing body to impose, in connection with the revenues and proceeds pledged for their payment, tolls, rates, charges, fees, license taxes, other excise taxes or quasi-excise taxes fully sufficient to pay the principal of and interest on the bonds, and to carry out all commitments made in the proceedings authorizing their issuance.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 5-5-23 (Revenue bond charges) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 6-9-23, enacted by Laws 1959, ch. 300, § 23.
Nearby Sections
15
§ 5-10-1
Short title§ 5-10-12
Plan and project termination§ 5-10-13
Limitations§ 5-10-14
Local Economic Development Act fund§ 5-10-2
Findings and purpose of act§ 5-10-3
Definitions