New Mexico § 6-1-3 - Loans of emergency funds; terms and conditions for repayment; security and interest
Full text of New Mexico New Mexico Statutes Annotated § 6-1-3 — Loans of emergency funds; terms and conditions for repayment; security and interest, with citation guidance and answers to common questions.
§ 6-1-3. Loans of emergency funds; terms and conditions for repayment; security and interest
The state board of finance may prescribe those terms and conditions it deems proper
with respect to the repayment of any loan and the application of the proceeds of the
loan, and it may require or waive security by way of the pledge of revenues or otherwise
and may require or waive interest, as the board determines proper under the circumstances.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 6-1-3
What does New Mexico Statutes Annotated § 6-1-3 cover?
Section 6-1-3 ("Loans of emergency funds; terms and conditions for repayment; security and interest") 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 § 6-1-3?
A common citation format is "New Mexico Statutes Annotated § 6-1-3" (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 § 6-1-3 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.