Whenever the secretary determines by written order that it is necessary to raise funds to provide for developing, operating and maintaining state parks or recreation areas, the state park and recreation division [state parks division] of the energy, minerals and natural resources department may issue and sell bonds of the state as provided for in the State Park and Recreation Bond Act [16-2-20 to 16-2-29 NMSA 1978]. The purposes for which the bonds are to be issued and the amount of each bond issue shall be approved by the state board of finance before issuance of the bonds.
History: 1978 Comp., § 16-2-22, enacted by Laws 1965, ch. 280, § 3; 1977, ch. 254, § 119; 1987, ch. 234, § 24.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Laws 1997, ch. 149, § 3 provided that the "state park and recreation division" means the "state parks division". See 9-5A-6.1 NMSA 1978.
The 1987 amendment, effective July 1, 1987, substituted "secretary" for "state park and recreation director" near the beginning of the first sentence and, towards the end, "the state park and recreation division of the energy, minerals, and natural resources department" for "the division" and made minor changes in language in the first sentence.
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