New Mexico § 5-5-7 - Borrowing money and securities evidencing loans
Full text of New Mexico New Mexico Statutes Annotated § 5-5-7 — Borrowing money and securities evidencing loans, with citation guidance and answers to common questions.
§ 5-5-7. Borrowing money and securities evidencing loans
Any county and city shall each have the power, separately and severably from time
to time to borrow money and issue the following securities to evidence such loans,
to finance in whole or in part the cost of any project or any part thereof: short-term notes; general obligation bonds, maturing serially is [in] not to exceed thirty years from
the date thereof; and revenue bonds, maturing serially is [in] not to exceed forty years from the date thereof.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 5-5-7
What does New Mexico Statutes Annotated § 5-5-7 cover?
Section 5-5-7 ("Borrowing money and securities evidencing loans") 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 § 5-5-7?
A common citation format is "New Mexico Statutes Annotated § 5-5-7" (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 § 5-5-7 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.