New Mexico § 16-6-16 - Issuance of negotiable bonds; terms
Full text of New Mexico New Mexico Statutes Annotated § 16-6-16 — Issuance of negotiable bonds; terms, with citation guidance and answers to common questions.
§ 16-6-16. Issuance of negotiable bonds; terms
The New Mexico state fair, with the prior approval of the state board of finance,
is authorized from time to time to issue negotiable bonds. The bonds shall be authorized by resolution of the state fair commission. The bonds may be issued in one or more series, may bear such date or dates, may
be in such denomination or denominations, may mature at such time or times not exceeding
thirty years from the respective dates thereof, may mature in such amount or amounts,
shall bear interest in accordance with the Public Securities Act, may be in such form
as the state fair commission may determine and may be executed in such manner, may
be payable in such medium of payment at such place or places and may be subject to
such terms of redemption with or without premium as such resolution or other resolutions
may provide. The bonds may be sold at public sale or may be sold at a private sale to the New
Mexico finance authority. The bonds shall be negotiable instruments notwithstanding the form or tenor thereof. The New Mexico state fair may issue refunding bonds to refund, refinance, pay or
discharge outstanding bonds, notes, loans or other obligations of the state fair on
the same terms and conditions as provided for the issuance of other bonds by the New
Mexico state fair.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 16-6-16
What does New Mexico Statutes Annotated § 16-6-16 cover?
Section 16-6-16 ("Issuance of negotiable bonds; terms") 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 § 16-6-16?
A common citation format is "New Mexico Statutes Annotated § 16-6-16" (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 § 16-6-16 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.