Section 6-21-5.1 - Bonds for county correctional facility loans.

NM Stat § 6-21-5.1 (2019) (N/A)
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The authority may issue bonds for a county to design, construct, equip, furnish and otherwise improve a county correctional facility pursuant to the County Correctional Facility Gross Receipts Tax Act only after a majority of the qualified electors of the county has voted to allow the county to impose a county correctional facility gross receipts tax in the amount needed to repay bonds issued by the authority for the purpose of designing, constructing, equipping, furnishing and otherwise improving a county correctional facility.

History: Laws 1998, ch. 65, § 1; 2019, ch. 212, § 208.

The 2019 amendment, effective April 3, 2019, deleted "registered" preceding "qualified electors".