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Current as of January 01, 2024 | Updated by Findlaw Staff
A. Enhanced 911 bonds or refunding bonds issued as authorized by the Enhanced 911 Bond Act are:
(1) not general obligations of the state; and
(2) collectible only from the proper pledged revenues, and each bond shall state that it is payable solely from the pledged revenues, and that the bondholders may not look to any other state fund for the payment of the interest and principal of the bonds.
B. The bonds and coupons shall be signed and sealed as provided by the resolution of the board issuing the bond, and the Uniform Facsimile Signature of Public Officials Act shall be applicable.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 63. Railroads and Communications § 63-9D-19. Enhanced 911 bonds not general obligations; authentication - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-63-railroads-and-communications/nm-st-sect-63-9d-19/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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