Bond term expiration.

  1. Law
  2. New Mexico Statutes
  3. Municipalities and Counties
  4. Tax Increment for Development
  5. Bond term expiration.

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The terms of bonds issued pursuant to the Tax Increment for Development Act for a district, including refunding bonds, shall expire not more than twenty-five years after the date that the first bonds are issued for that district.

History: Laws 2006, ch. 75, § 28.

ANNOTATIONS

Emergency clause. — Laws 2006, ch. 75, § 36 contained an emergency clause and was approved March 6, 2006.


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