New Mexico § 72-19-40 Forms of borrowing

New Mexico Statutes

§ 72-19-40 — Forms of borrowing

New Mexico § 72-19-40

Ch. 72Water Law

Art. 19Southern Sandoval County Flood Control

This text of New Mexico § 72-19-40 (Forms of borrowing) 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. § 72-19-40 (2026).

Text

Upon the conditions and under the circumstances set forth in the Southern Sandoval County Arroyo Flood Control Act, the authority, to carry out the purposes of that act, from time to time may borrow money to defray the cost of any project, or any part thereof, as the board may determine and issue the following securities to evidence such borrowing: A. notes; B. warrants; C. bonds; D. temporary bonds; and E. interim debentures.

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Upon the conditions and under the circumstances set forth in the Southern Sandoval County Arroyo Flood Control Act, the authority, to carry out the purposes of that act, from time to time may borrow money to defray the cost of any project, or any part thereof, as the board may determine and issue the following securities to evidence such borrowing: A. notes; B. warrants; C. bonds; D. temporary bonds; and E. interim debentures.