New Mexico Statutes
§ 62-16A-10 — New Mexico renewable energy transmission authority
New Mexico·Ch. 62 Electric, Gas and Water Utilities·Art. 16A New Mexico Renewable Energy Transmission
act is full authority for issuance of bonds; bonds are legal investments.
A.The New Mexico Renewable Energy Transmission Authority Act is, without reference to any other act of the legislature, full authority for the issuance and sale of renewable energy transmission bonds, which bonds shall have all the qualities of investment securities under the Uniform Commercial Code [Chapter 55 NMSA 1978] and shall not be invalid for any irregularity or defect or be contestable in the hands of bona fide purchasers or holders thereof for value.
B.The bonds are legal investments for any person or board charged with the investment of any public funds and are acceptable as security for any deposit of public money.
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Legislative History
Laws 2007, ch. 3, § 10.
Nearby Sections
15
§ 62-1-1
[Incorporation.]§ 62-1-1.1
Foreign corporations; powers§ 62-1-5
[General powers.]§ 62-1-7
[Applicability.]§ 62-10-10
Depositions§ 62-10-11
Certified copies; evidence§ 62-10-12
Recording orders§ 62-10-13
Fees§ 62-10-14
Decisions§ 62-10-15
Repealed