N.M. Stat. § 4-48B-21

Current through 2024, ch. 69

Section 4-48B-21 - Ordinance authorizing revenue bonds

At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Hospital Funding Act, the county commissioners may adopt an ordinance that:

A. declares the necessity for issuing revenue bonds;

B. authorizes the issuance of revenue bonds by an affirmative vote of a majority of the county commissioners of the county; and

C. designates the source of the pledge [pledged] revenues.

NMS § 4-48B-21

1978 Comp., § 4-48B-21, enacted by Laws 1981, ch. 83, § 21.