New Mexico § 12-1-13 - Pledge of fees levied
Full text of New Mexico New Mexico Statutes Annotated § 12-1-13 — Pledge of fees levied, with citation guidance and answers to common questions.
§ 12-1-13. Pledge of fees levied
The issuance and sale of such debentures shall constitute and be an irrevocable and
irrepealable contract between the state of New Mexico and the owner of any said debentures,
that the taxes or fees pledged for the payment thereof at the rate now provided by
this act shall not be reduced as long as any of said debentures remain outstanding,
and unpaid, and that the state will cause said taxes and fees to be promptly collected,
remitted and set aside and applied to pay said debentures, and the interest thereon
according to the terms thereof. Any holder of any of the debentures issued pursuant to the provisions of this act,
or any person or officer being a party in interest may, either at law or in equity,
by suit, action or mandamus, enforce and compel the performance of the duties required
by this act of any officer or person herein mentioned.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 12-1-13
What does New Mexico Statutes Annotated § 12-1-13 cover?
Section 12-1-13 ("Pledge of fees levied") 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 § 12-1-13?
A common citation format is "New Mexico Statutes Annotated § 12-1-13" (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 § 12-1-13 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.