New Mexico § 63-9D-16 Enhanced 911 bonds; terms

New Mexico Statutes

§ 63-9D-16 — Enhanced 911 bonds; terms

New Mexico § 63-9D-16

Ch. 63Railroads and Communications

Art. 9DEnhanced 911

This text of New Mexico § 63-9D-16 (Enhanced 911 bonds; terms) 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. § 63-9D-16 (2026).

Text

Enhanced 911 bonds: A. shall bear interest at a coupon rate or coupon rates not exceeding the maximum coupon rate which is permitted by the Public Securities Act [6-14-1 to 6-14-3 NMSA 1978]; provided that interest shall be payable annually or semiannually and may or may not be evidenced by coupons; and provided further that the first interest payment date may be for interest accruing for any period not exceeding one year; B. may be subject to a prior redemption at the board's option at such time or times and upon such terms and conditions, with or without the payment of such premium or premiums, as may be provided by action of the board; C. may mature at any time or times not exceeding twenty years after the date of issuance; D. may be serial in form and maturity or may consist of one bon

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Enhanced 911 bonds: A. shall bear interest at a coupon rate or coupon rates not exceeding the maximum coupon rate which is permitted by the Public Securities Act [6-14-1 to 6-14-3 NMSA 1978]; provided that interest shall be payable annually or semiannually and may or may not be evidenced by coupons; and provided further that the first interest payment date may be for interest accruing for any period not exceeding one year; B. may be subject to a prior redemption at the board's option at such time or times and upon such terms and conditions, with or without the payment of such premium or premiums, as may be provided by action of the board; C. may mature at any time or times not exceeding twenty years after the date of issuance; D. may be serial in form and maturity or may consist of one bond payable at one time or in installments; E. shall be sold for cash at, above or below par and at a price which results in a net effective interest rate which does not exceed the maximum permitted by the Public Securities Act; and F. may be sold at public or private sale.