New Mexico Statutes
§ 58-24-9 — Required determinations of the authority
New Mexico·Ch. 58 Financial Institutions and Regulations·Art. 24 Industrial and Agricultural Finance Authority
The authority may not issue bonds until the board has determined that: A. the funds available in the private banking system in the state for project loans are inadequate to meet the demand; and B. the issuance of the bonds will alleviate such inadequacy.
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Legislative History
Laws 1983, ch. 300, § 9.
Nearby Sections
15
§ 58-1-1
Short title§ 58-1-11
Access by fiduciaries§ 58-1-13
Lease to minor§ 58-1-14
Search procedure on death§ 58-1-17
Qualification and fiduciary powers§ 58-1-18
Fiduciary bond or oath excused§ 58-1-2
Definitions of banks§ 58-1-2.1
Prohibition§ 58-1-20
Reserves against deposits§ 58-1-21
Loans