New Mexico Statutes

§ 6-19-14 — Security for revenue bonds

New Mexico·Ch. 6 Public Finances·Art. 19 Economic Advancement Districts
The principal or interest on any revenue bonds issued under authority of the Economic Advancement District Act shall be secured by a pledge of the revenues out of which such bonds shall be made payable, may be secured by a mortgage covering all or any part of the project from the revenues so pledged and may be derived and may be secured by a pledge of the lease of the project.

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Legislative History

Laws 1987, ch. 115, § 14.

Nearby Sections

15
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