Any action or proceeding to which the authority or the people of the state may be a party in which any question arises as to the validity of the New Mexico Finance Authority Act or project or transaction undertaken by the authority pursuant to that act shall be preferred over all other civil cases in all courts of the state and shall be heard and determined in preference to all other civil business pending therein irrespective of position on the calendar. The same preference shall be granted upon application of counsel to the authority in any action or proceeding seeking a judicial declaration of the validity of the New Mexico Finance Authority Act or any project or transaction undertaken by the authority pursuant to that act. The venue of any such action or proceeding or any other action or proceeding against the authority shall be in the county in which the principal office of the authority is located.
History: Laws 1992, ch. 61, § 26; 2001, ch. 294, § 9.
ANNOTATIONSThe 2001 amendment, effective April 5, 2001, added "or project or transaction undertaken by the authority pursuant to that act" after the first occurrence of "New Mexico Finance Authority Act"; substituted "seeking a judicial declaration of" for "questioning"; substituted "or any project or transaction undertaken by the authority pursuant to that act" for "in which he may be allowed to intervene" after the second occurrence of "New Mexico Finance Authority Act".