New Mexico § 16-2-28 - Refunding
Full text of New Mexico New Mexico Statutes Annotated § 16-2-28 — Refunding, with citation guidance and answers to common questions.
§ 16-2-28. Refunding
Any bonds issued under the State Park and Recreation Bond Act may be refunded under
the terms of written orders issued by the director subject to any contractual limitations
involved with outstanding bonds, claims or other obligations. Proceeds of refunding bonds shall be applied to retirement of the bonds to be retired
or refunded, or placed in escrow to be applied to payment of the bonds upon presentation
for payment by the holders. Refunding bonds shall be issued under all applicable conditions prescribed in the
State Park and Recreation Bond Act for the issuance of original bonds.
Frequently Asked Questions About New Mexico § 16-2-28
What does New Mexico Statutes Annotated § 16-2-28 cover?
Section 16-2-28 ("Refunding") 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 § 16-2-28?
A common citation format is "New Mexico Statutes Annotated § 16-2-28" (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 § 16-2-28 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.