New Mexico § 67-3-75 - Transportation bonds eligible for investment
Full text of New Mexico New Mexico Statutes Annotated § 67-3-75 — Transportation bonds eligible for investment, with citation guidance and answers to common questions.
§ 67-3-75. Transportation bonds eligible for investment
Transportation bonds issued by the state transportation commission are securities
in which public officers and public bodies of this state and its political subdivisions
and insurance companies, trust companies, banking associations, investment companies,
executors, administrators, trustees and other fiduciaries may properly and legally
invest funds, including capital in their control or belonging to them. The bonds are securities that may properly and legally be deposited with and be
received by a state or political subdivision officer for which the deposit of bonds
or obligations of the state is authorized by law. Bonds shall not be eligible for investment or deposit by or with the state or its
political subdivisions unless they have been rated AA or higher by an independent
nationally recognized bond rating service based solely on the security of the bonds
as an investment without resort to a collateral guarantee.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 67-3-75
What does New Mexico Statutes Annotated § 67-3-75 cover?
Section 67-3-75 ("Transportation bonds eligible for investment") 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 § 67-3-75?
A common citation format is "New Mexico Statutes Annotated § 67-3-75" (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 § 67-3-75 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.