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NEW MEXICO STATUTES AND CODES
Section 21-30-4 - Athletic facility revenue bonds; full authority to issue; bonds are legal investments.
21-30-4. Athletic facility revenue bonds; full authority to issue; bonds are legal investments.
A. The University Athletic Facility Bonding Act shall, without reference to any other act of the legislature, be full authority for the issuance and sale of athletic facility revenue bonds, which bonds shall have all the qualities of investment securities under the Uniform Commercial Code [55-1-101 NMSA 1978] and shall not be invalid for any irregularity or defect or be contestable in the hands of bona fide purchasers or holders of the bonds for value.
B. Athletic facility revenue bonds are legal investments for any person or board charged with the investment of any public funds and are acceptable as security for any deposit of public money.