Statutes > New Mexico Statutes > Chapter 6 - Public Finances. > Article 21 - Finance Authority, 6-21-1 through 6-21-31. > Section 6-21-6.5 - New Mexico finance authority revenue bonds; purposes.

Section 6-21-6.5 - New Mexico finance authority revenue bonds; purposes.

6-21-6.5. New Mexico finance authority revenue bonds; purposes.

The New Mexico finance authority may issue and sell revenue bonds payable from the public project revolving fund in compliance with the New Mexico Finance Authority Act [6-21-1 NMSA 1978] in installments or at any one time in an amount not to exceed one million dollars ($1,000,000), the net proceeds of which shall be deposited in the water and wastewater planning fund and used for the purposes of the fund.