Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 19 - Southern Sandoval County Flood Control, 72-19-1 through 72-19-103. > Section 72-19-80 - Interest after maturity.

Section 72-19-80 - Interest after maturity.

72-19-80. Interest after maturity.

No interest shall accrue on any security in the Southern Sandoval County Arroyo Flood Control Act [72-19-1 to 72-19-103 NMSA 1978] authorized after it becomes due and payable; provided funds for the payment of the principal of and the interest on the security and any prior redemption premium due are available to the paying agent for such payment without default.