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NEW MEXICO STATUTES AND CODES
Section 72-18-49 - Issuance of interim debentures.
72-18-49. Issuance of interim debentures.
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 [72-18-62 to 72-18-65 NMSA 1978] of the Flood Control District Act.
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