{"data":{"id":"us-nm/22-19-4","jurisdiction":"us-nm","citation":"22-19-4","heading":"Bonds; mortgages.","body":"A. A local school board may issue bonds or other special obligations to finance the repayment of all money borrowed for an income project pursuant to the School Revenue Bond Act.\nB. A local school board may execute a mortgage, deed of trust or a security agreement upon the income project to secure payment of any bonds or other special obligations issued pursuant to the School Revenue Bond Act.","path":["Chapter 22 - Public Schools","ARTICLE 19 School Revenue Bonds"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18522/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"23ca8212dde7cccdd084a81fd6edc1f975d216042840321d1803728e2e7aef2e","source_id":"us-nm","stale":false,"prev":"us-nm/22-19-3","next":"us-nm/22-19-5"},"notice":"GroundRules: Original legal text. Not legal advice."}