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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-24A-20

Legal investments

Official textnmonesource.comlast amended

Bonds are legal investments for savings banks and insurance companies under the laws of this state. They are bonds, notes or other obligations of a county or municipality of this state, issued pursuant to a law of this state, for the purposes of investment or purchase by the state investment officer.

Amendment history

1978 Comp., § 7-24A-20, enacted by Laws 1978, ch. 182, § 20.

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

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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  11. 7-24A-9 · Repealed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  15. 7-24A-13 · Repealed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
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