New Mexico Statutes

§ 72-18-47 — Maturities of notes and warrants

New Mexico·Ch. 72 Water Law·Art. 18 Flood Control Districts
Notes and warrants may mature at such time or times not exceeding one year from the respective dates of their issuance as the board may determine. They shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with Section 48 or 49 [72-18-48 or 72-18-49 NMSA 1978] of the Flood Control District Act.

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Legislative History

Laws 1981, ch. 377, § 47.

Nearby Sections

15
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