Statutes > New Mexico Statutes > Chapter 4 - Counties. > Article 59 - County Industrial Revenue Bonds, 4-59-1 through 4-59-16. > Section 4-59-9.1 - Procedure for issuing industrial revenue bonds or refunding bonds.

Section 4-59-9.1 - Procedure for issuing industrial revenue bonds or refunding bonds.

4-59-9.1. Procedure for issuing industrial revenue bonds or refunding bonds.

Prior to the issuance of industrial revenue bonds or refunding bonds for acquisition or improvement of a water utility or a joint water utility, New Mexico public utility commission approval, as required by the Public Utility Act [62-13-1 NMSA 1978], shall be obtained.  H class counties shall obtain New Mexico public utility commission approval as required by Section 3-23-3 NMSA 1978.