New Mexico Statutes
§ 72-17-54 — Limitations upon payment of securities
New Mexico § 72-17-54
This text of New Mexico § 72-17-54 (Limitations upon payment of securities) 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. § 72-17-54 (2026).
Text
The payment of securities shall not be secured by an encumbrance, mortgage or other pledge of property of the authority, except for revenues, income, tax proceeds and other moneys pledged for the payment of securities. No property of the authority, subject to said exception, shall be liable to be forfeited or taken in payment of the securities.
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Legislative History
1953 Comp., § 75-38-54, enacted by Laws 1967, ch. 156, § 54.
Nearby Sections
15
§ 72-1-1
Natural waters; public§ 72-1-12
Indian water rights settlement fund§ 72-1-2.5
Pecos river basin land management fund§ 72-1-6
[Traveler's use of water.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 72-17-54, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-17-54.