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NEW MEXICO STATUTES AND CODES
Section 22-19B-3 - Definitions.
22-19B-3. Definitions.
As used in the School District Bond Anticipation Notes Act [22-19B-1 NMSA 1978]:
A. "bond anticipation note" means a security evidencing an obligation of the school district that precedes the issuance of general obligation bonds; and
B. "general obligation bond" means indebtedness issued by a school district that constitutes a debt for the purpose of Article 9, Section 11 of the constitution of New Mexico.
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