N.M. Stat. § 72-18-49
§ 72-18-49. Issuance of interim debentures
Year: 2026Length: 55 words
A district is authorized to borrow money and to issue interim debentures evidencing construction or short-term loans for the acquisition or improvement and equipment of the flood control system or any project in supplementation of long-term financing and the issuance of bonds, as provided in Sections 62 through 65 of the Flood Control District Act.