New Mexico Statutes
§ 6-15-21 — Contributions securing payment of bonds
New Mexico § 6-15-21
This text of New Mexico § 6-15-21 (Contributions securing payment of bonds) 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. § 6-15-21 (2026).
Text
In order to provide for the payment of maturing principal and interest, or call premium if any, on any of its general obligation or general obligation refunding bonds a county, municipality or school district may contribute any available money to aid in the purchase of securities to be placed in a trust or escrow created pursuant to Section 6- 15-20 NMSA 1978, or may create any such trust or enter into any such escrow agreement if such trust or escrow agreement is to be wholly funded with cash or securities transferred from any fund of such county, municipality or school district, or purchased with the proceeds of any available money from any fund of such county, municipality or school district.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 11-6-34.2, enacted by Laws 1975, ch. 326, § 7.
Nearby Sections
15
§ 6-1-6
[Separate accounts.]§ 6-1-7
Repealed§ 6-10-1
Fiscal year designated§ 6-10-1.1
Definitions§ 6-10-1.2
Payment methods authorized; fee§ 6-10-10
Deposit and investment of fundsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 6-15-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/6/6-15-21.