Statutes > New Mexico Statutes > Chapter 22 - Public Schools. > Article 18 - General Obligation Bonds of School Districts, 22-18-1 through 22-18-13. > Section 22-18-7 - Authority to issue bonds.

Section 22-18-7 - Authority to issue bonds.

22-18-7. Authority to issue bonds.

If a majority of those persons voting on a question submitted to the voters in a bond election vote for creating a debt by issuing general obligation bonds, the local school board may, subject to the approval of the attorney general, proceed to issue the bonds.