Statutes > New Mexico Statutes > Chapter 4 - Counties. > Article 60 - County Pollution Control Revenue Bonds, 4-60-1 through 4-60-15. > Section 4-60-11 - Bonds made legal investments.

Section 4-60-11 - Bonds made legal investments.

4-60-11. Bonds made legal investments.

Bonds issued under the provisions of the County Pollution Control Revenue Bond Act [4-60-1 to 4-60-15 NMSA 1978] shall be legal investments for savings banks and insurance companies organized under the laws of this state and shall be eligible for pledging as collateral for public deposits.