Section 4-62-1 – Revenue bonds; authority to issue; pledge of revenues; limitation on time of issuance.
A. In addition to any other law authorizing a county to issue revenue bonds, a county may issue revenue bonds pursuant to Chapter 4, Article 62 NMSA 1978 for the purposes specified in this section. B. Gross receipts tax revenue bonds may be issued for any county purpose. A county may pledge irrevocably any or […]
Section 4-62-1.1 – Definitions.
As used in Chapter 4, Article 62 NMSA 1978: A. “bond” means any obligation of a county issued under Chapter 4, Article 62 NMSA 1978, whether designated as a bond, note, loan, warrant, debenture, lease-purchase agreement or other instrument evidencing an obligation of a county to make payments; B. “gasoline tax revenue” means the revenue […]