{"data":{"id":"us-nm/58-24-9","jurisdiction":"us-nm","citation":"58-24-9","heading":"Required determinations of the authority.","body":"The authority may not issue bonds until the board has determined that:\nA. the funds available in the private banking system in the state for project loans are inadequate to meet the demand; and\nB. the issuance of the bonds will alleviate such inadequacy.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 24 Industrial and Agricultural Finance Authority"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"ab12d325315eda0d466c89ec355a9a50cdf013842c2cc32a971e186e67d18913","source_id":"us-nm","stale":false,"prev":"us-nm/58-24-8","next":"us-nm/58-24-10"},"notice":"GroundRules: Original legal text. Not legal advice."}