N.M. Admin. Code § 18.61.3.19

Current through Register Vol. 35, No. 21, November 5, 2024

Section 18.61.3.19 - POWERS PROSCRIPTIVE

The authority shall not:

A. incur debt as a general obligation of the state or pledge the full faith and credit of the state to repay debt; or

B. expend funds or incur debt for the improvement, maintenance, repair or addition to property unless it is owned by the authority, the state or a political subdivision of the state.

N.M. Admin. Code § 18.61.3.19

Adopted by New Mexico Register, Volume XXXIV, Issue 14, July 31, 2023, eff. 7/31/2023