New Mexico § 62-16A-5 Renewable energy transmission bonds; appropriation of

New Mexico Statutes

§ 62-16A-5 — Renewable energy transmission bonds; appropriation of

New Mexico § 62-16A-5

Ch. 62Electric, Gas and Water Utilities

Art. 16ANew Mexico Renewable Energy Transmission

This text of New Mexico § 62-16A-5 (Renewable energy transmission bonds; appropriation of) 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. § 62-16A-5 (2026).

Text

proceeds.

A.The authority is authorized to issue and sell revenue bonds, known as "renewable energy transmission bonds", payable solely from the renewable energy transmission bonding fund, in compliance with the New Mexico Renewable Energy Transmission Authority Act, for the purpose of entering into a project when the authority determines that the project is needed.

B.The net proceeds from the bonds are appropriated to the authority for the purpose of financing or acquiring eligible facilities.

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proceeds. A. The authority is authorized to issue and sell revenue bonds, known as "renewable energy transmission bonds", payable solely from the renewable energy transmission bonding fund, in compliance with the New Mexico Renewable Energy Transmission Authority Act, for the purpose of entering into a project when the authority determines that the project is needed. B. The net proceeds from the bonds are appropriated to the authority for the purpose of financing or acquiring eligible facilities.