New Mexico Statutes
§ 58-24-9 — Required determinations of the authority
New Mexico § 58-24-9
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 24Industrial and Agricultural Finance Authority
This text of New Mexico § 58-24-9 (Required determinations of the authority) 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. § 58-24-9 (2026).
Text
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
LoansCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 58-24-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-24-9.