New Mexico Statutes
§ 6-33-6 — Compromise; adjustment
In the event of default in the payment of principal of or interest on an investment made, the authority is authorized to institute proper proceedings to collect matured interest and principal; the authority may, after consultation with the board of directors of the authority, accept for exchange purposes refunding bonds or other evidences of indebtedness at interest rates to be agreed upon with the obligor. The authority, after consultation with the board of directors of the authority, is authorized to adjust past-due interest or principal in default.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 6-33-6 (Compromise; adjustment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 2022, ch. 21, § 6.
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Repealed§ 6-10-1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