Statutes > New Mexico Statutes > Chapter 73 - Special Districts. > Article 16 - Conservancy Districts; Financial Administration, 73-16-1 through 73-16-53. > Section 73-16-34 - Interest rate; sale to governmental agencies without advertisement.

Section 73-16-34 - Interest rate; sale to governmental agencies without advertisement.

73-16-34. [Interest rate; sale to governmental agencies without advertisement.]

The bonds authorized under the provisions hereof shall bear a rate of interest not exceeding 6%, and the same may be sold to the United States government, the reconstruction finance corporation or any federal or state governmental agency without advertisement.