New Mexico Statutes
§ 72-19-54 — Limitations upon payment of securities
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 money pledged for the payment of securities. No property of the authority, subject to such exception, shall be liable to be forfeited or taken in payment of the securities.
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New Mexico § 72-19-54 (Limitations upon payment of securities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1990, ch. 14, § 54.
Nearby Sections
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[Traveler's use of water.]