New Mexico § 5-4-10 - Revenue bonds
Full text of New Mexico New Mexico Statutes Annotated § 5-4-10 — Revenue bonds, with citation guidance and answers to common questions.
§ 5-4-10. Revenue bonds
A. The governing body of any municipality or the board of county commissioners of
any county may issue recreational revenue bonds, payable solely from the net income
derived from the tax on cigarettes authorized by the Cigarette Tax Act and distributed
to the municipality or county from the county and municipality recreational fund,
and may pledge irrevocably the payment of these revenue bonds from the net income
distributed from the county and municipality recreational fund. B. The proceeds received from the sale of revenue bonds authorized in this section
shall be used solely for the purpose of acquiring, constructing, repairing, extending
or improving recreational facilities within or without the municipality or county
or for refunding recreational bonds payable from the tax on cigarettes as further
provided in Section 5-4-11 NMSA 1978 . Bonds for such recreational facilities purpose and for refunding may be combined
as a single issue.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 5-4-10
What does New Mexico Statutes Annotated § 5-4-10 cover?
Section 5-4-10 ("Revenue bonds") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 5-4-10?
A common citation format is "New Mexico Statutes Annotated § 5-4-10" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 5-4-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.