Statutes > New Mexico Statutes > Chapter 21 - State and Private Education Institutions. > Article 7 - University of New Mexico, 21-7-1 through 21-7-29. > Section 21-7-15 - Form and conditions of bonds.

Section 21-7-15 - Form and conditions of bonds.

21-7-15. Form and conditions of bonds.

Bonds issued pursuant to Sections 21-7-13 through 21-7-25 NMSA 1978 shall be in such form and denominations as the board of regents of the university of New Mexico shall determine, due and payable not later than twenty years from date of issue. The bonds shall be payable in consecutive order commencing not later than two years from date of issue.