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Section 4-48B-21 - Ordinance authorizing revenue bonds.

NM Stat § 4-48B-21 (2019) (N/A)
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At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Hospital Funding Act, the county commissioners may adopt an ordinance that:

A. declares the necessity for issuing revenue bonds;

B. authorizes the issuance of revenue bonds by an affirmative vote of a majority of the county commissioners of the county; and

C. designates the source of the pledge [pledged] revenues.

History: 1978 Comp., § 4-48B-21, enacted by Laws 1981, ch. 83, § 21.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

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Section 4-48B-20 - Revenue bonds; terms.
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Section 4-48B-22 - Hospital revenue bonds not general county obligations.