Partnertax.ai
Start free trial →

NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-24A-17

Construction

Official textnmonesource.comlast amended

The County and Municipal Gasoline Tax Act is full authority for authorization and issuance of bonds. If [In] any proceeding involving the validity and enforceability of any bond or its security, any bond reciting in substance that it was issued by the county or municipality to aid in financing public transit or transportation projects or any other purpose authorized by the County and Municipal Gasoline Tax Act is conclusively presumed to have been issued for a county or municipal transit or transportation project or other purpose in accordance with that act.

Amendment history

1978 Comp., § 7-24A-17, enacted by Laws 1978, ch. 182, § 17.

Source: official source (NMSA chapter on nmonesource.com)

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this article (23 sections)
  1. 7-24A-1 · Short title
  2. 7-24A-2 · Definitions
  3. 7-24A-3 · Use of proceeds
  4. 7-24A-4 · Limitations on power
  5. 7-24A-5 · County gasoline tax; authorization; imposition; rate
  6. 7-24A-6 · 7-24A-6
  7. 7-24A-6.1 · 7-24A-6.1
  8. 7-24A-7 · 7-24A-7
  9. 7-24A-7.1 · Registration required
  10. 7-24A-8 · Collection of county gasoline tax
  11. 7-24A-9 · Repealed
  12. 7-24A-10 · Municipal gasoline tax; authorization; imposition; rate
  13. 7-24A-11 · 7-24A-11
  14. 7-24A-12 · Collection of municipal gasoline tax
  15. 7-24A-13 · Repealed
  16. 7-24A-14 · Bond ordinance
  17. 7-24A-15 · Terms of bonds
  18. 7-24A-16 · Sale of bonds
  19. 7-24A-17 · Construction
  20. 7-24A-18 · Additional security
  21. 7-24A-19 · Foreclosure
  22. 7-24A-20 · Legal investments
  23. 7-24A-21 · Joint election
Full table of contents →