New Mexico § 5-3-4 - Terms and conditions of bonds; sale
Full text of New Mexico New Mexico Statutes Annotated § 5-3-4 — Terms and conditions of bonds; sale, with citation guidance and answers to common questions.
§ 5-3-4. Terms and conditions of bonds; sale
Revenue bonds issued under the provisions of this act shall bear interest at not to
exceed four and one-half (4 1 / 2 ) per cent per annum, payable annually or semiannually, shall be payable at the option
of such municipality at the end of ten years from date thereof; and due by their
terms in not more than twenty years from date thereof; as determined by the municipality;
shall be serial in form and maturity and numbered from one upward, consecutively,
and shall be sold for cash, at not less than par, and at either public or private
sale.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 5-3-4
What does New Mexico Statutes Annotated § 5-3-4 cover?
Section 5-3-4 ("Terms and conditions of bonds; sale") 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 § 5-3-4?
A common citation format is "New Mexico Statutes Annotated § 5-3-4" (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 § 5-3-4 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.