N.M. Stat. § 72-20-80
Current through 2024, ch. 69
No interest shall accrue on any security in the Eastern Sandoval County Arroyo Flood Control Act authorized after it becomes due and payable; provided that funds for the payment of the principal of and the interest on the security and any prior redemption premium due are available to the paying agent for such payment without default.
NMS § 72-20-80