New Mexico Statutes
§ 72-17-85 — Payment of refunding bonds
Refunding revenue bonds may be made payable from any revenues derived from the operation of the flood control system or any project, notwithstanding the pledge of such revenues for the payment of the outstanding bonds issued by the authority which are to be refunded is thereby modified. Any refunding revenue bonds shall not be made payable from taxes unless the bonds thereby refunded are payable from taxes.
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Legislative History
1953 Comp., § 75-38-85, enacted by Laws 1967, ch. 156, § 85.
Nearby Sections
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Natural waters; public§ 72-1-12
Indian water rights settlement fund§ 72-1-2.5
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[Traveler's use of water.]