The authority is authorized to borrow money and to issue interim debentures evidencing "construction" or short-term loans for the acquisition or improvement and equipment of the flood control system or any project in supplementation of long-term financing and the issuance of bonds as provided in Sections 89 through 91 [72-19-89 through 72-19-91 NMSA 1978] of the Southern Sandoval County Arroyo Flood Control Act.
History: Laws 1990, ch. 14, § 46.
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