us-nm/stat
NMSA 1978, § 7-27-16 — Form of bonds
A.
The state board of finance, except as otherwise specifically provided in the
Severance Tax Bonding Act, shall determine at its discretion the terms, covenants and
conditions of severance tax bonds and supplemental severance tax bonds, including but
not limited to: date of issue, denominations, maturities, rate or rates of interest, call
features, call premiums, registration, refundability and other covenants covering the
general and technical aspects of the issuance of the bonds.
B.
The bonds shall be in such form as the state board of finance may determine,
and successive issues shall be identified by alphabetical, numerical or other proper
series designation.
Source: official text