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New Mexico · Through 2026-07-01

72-18-51: Additionally secured securities.

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Where this section sits in the code
  1. Chapter 72 - Water Law
  2. ARTICLE 18 Flood Control Districts

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 the revenues, subject to any prior pledges, as additional security for payment of the securities, and at its option may deposit the revenues in a fund created to pay the securities or created to additionally secure their payment.

Collected 2026-09-03T15:02:20Z. Source file · JSON

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