New Mexico Statutes
§ 6-19-11 — General obligation bonds; imposition of tax
A.The officials now or hereafter charged by law with the duty of levying ad valorem taxes for the payment of bonds and interest shall, in the manner provided by law, make an annual levy sufficient to meet the annual or semiannual payments of principal and interest on the maturing general obligation bonds or the refunding bonds or the mandatory sinking fund payments, if such fund is created by the board of trustees from the revenues derived from the tax created upon the formation of the economic advancement district.
B.The provisions of Subsection A of this section shall not be construed as to prevent the district from applying any other funds that it may have, or investment income actually received from sinking fund investments and available for that purpose, to the payment of the intere
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 6-19-11 (General obligation bonds; imposition of tax) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1987, ch. 115, § 11.
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Repealed§ 6-10-1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 funds