New Mexico § 6-12A-9 Anticipation notes; legal investment; tax exemption

New Mexico Statutes

§ 6-12A-9 — Anticipation notes; legal investment; tax exemption

New Mexico·Ch. 6 Public Finances·Art. 12A Short-Term Cash Management

Anticipation notes issued by the state treasurer pursuant to the Short-Term Cash Management Act are legal and authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees and guardians and for the sinking funds of political subdivisions, departments, institutions and agencies of the state. Anticipation notes are sufficient security for all deposits of state funds and of all funds of any board in control of public money at the par value of the anticipation notes.

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Anticipation notes issued by the state treasurer pursuant to the Short-Term Cash Management Act are legal and authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees and guardians and for the sinking funds of political subdivisions, departments, institutions and agencies of the state. Anticipation notes are sufficient security for all deposits of state funds and of all funds of any board in control of public money at the par value of the anticipation notes.

New Mexico § 6-12A-9 (Anticipation notes; legal investment; tax exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.