The New Mexico finance authority may issue and sell at public or private sale building bonds to refund outstanding building bonds by exchange, immediate or prospective redemption, cancellation or escrow, including the escrow of debt service funds accumulated for payment of outstanding bonds, or any combination thereof, when, in its opinion, such action will be beneficial to the state.
History: Laws 2001, ch. 199, § 6; 2003, ch. 371, § 5.
Cross references. — For the New Mexico finance authority, see 6-21-1 NMSA 1978.
The 2003 amendment, effective June 20, 2003, substituted "building bonds" for "state office building tax revenue bonds".
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