New Mexico Statutes

§ 72-20-48 — Additionally secured securities

New Mexico·Ch. 72 Water Law·Art. 20 Eastern Sandoval County Arroyo Flood Control Act
The board, in connection with such additionally secured securities, in the resolution authorizing their issuance or other instrument appertaining thereto, may pledge all or a portion of such revenues, subject to any prior pledges, as additional security for such payment of such securities, and at its option may deposit such revenues in a fund created to pay the securities or created to secure additionally their payment.

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Legislative History

Laws 2007, ch. 99, § 48.

Nearby Sections

15
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